Not in La La Land - Total, utter, dreadful defeat.

A link to an article by Daniel Finkelstein in the Times. Read it and understand why the Great Saviour is really an Emperor with new Clothes.

His final conclusion is spot on

The idea that boom and bust had been abolished was not a small claim among many. It was the central claim of this Government. It was the boast of boasts - the boast upon which all other boasts were built. And now it has been revealed as totally empty. Not triumph, then. Disaster. Not victory. Total, utter, dreadful defeat.

If this is a triumph, I'd hate to see a disaster | Daniel Finkelstein - Times Online