Rather like the quantitative easing of somewhere in the region of £200 billion then.
If Mr Osborne's main function were to ensure that banks continue to make vast amounts of money and pay their executives and gamblers huge bonuses, while we are discovering scam after scam, that they have engaged in in an effort to make ever more money, he would be a resounding success.
Unfortunately for both Mr Osborne and the public of the UK's countries, Mr Osborne's job is to be the Finance Secretary, looking after the UK's economy. At that he seems to be rather second rate. Indeed a great big fat failure.
The central bank has downgraded its growth forecasts for the year yet again, this time to zero. This means that the BoE has finally caught up with the rest of the City and realised that the economy is going to flat line, at best, for the rest of the year. There is, however, still time from another downgrade. It's only August after all.
This leaves only the body set up by George Osborne himself, agreeing with Mr Osborne that things are more rosy. In March, the Office of Budget Responsibility (OBR) estimated the economy would expand by 0.8% in 2012, rising to 2% in 2013 and 2.7%.
It is likely, however, that the OBR will bring its forecasts into line with everyone else by November, which will mean the Office will have to increase estimates of the government's borrowing requirement for next year.
The result of this will be to throw the Chancellor's deficit reduction strategy off course yet again.
It really can only be a matter of time before there is a downgrading of Mr Osborne's sainted credit rating.
Fortunately, however, there is a wide range of people we can blame for this unfortunate state of affairs: The Eurozone; the Chinese; The Queen's Jubilee (the one that was going to boost the economy); August Bank Holiday; The Olympics (the ones that were going to boost the economy), and the weather.
Nothing to do with the fact that Osborne is a pile of useless pants that couldn't distinguish between the economy and a Gregg's Cornish pasty, then?
Thought not.
