Sunday, October 23, 2022

Mis-Truss

Well, that was quick!

Liz Truss stepped down as Prime Minister of Great Britain after only six weeks on the job.  Her brief tenure was marked by a bold but stupid plan to cut taxes for the wealthy without offering offsetting cuts in government spending.  She must have realized what a mistake this idea was when Donald Trump publicly praised it.  Given the sorry state of the British economy, no one else did.

It was such a bad economic strategy, even replacing the Chancellor of the Exchequer with someone more sober-minded, or at least sober, didn't help save her bum.

Truss's biggest accomplishment was getting investors so scared that the pound dropped to its lowest value against the dollar to the point where, for once, it was actually cheap for Americans to visit Britain for a change.

Congratulations, Liz - you've just joined William Henry Harrison, Pedro Lascuráin, Pope John Paul I, and Anthony Scaramucci on a list of important public figures who were around for such a short time that they ended up not mattering.   

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