The Tories' plans mean that tax giveaways can only be funded by even deeper cuts somewhere else. Labour should take a different path.
If the Labour leader is a Marxist, so are most of the public. They recognise that the market isn't working for the majority.
Unlike Labour's Jobs Guarantee, Osborne's plan will mean people are still allowed to languish on the dole for years without ever having a proper job.
The Chancellor insists that his economic plan is a plan for living standards. But the pre-crash years showed that growth is no guarantee of rising incomes.
Including, only a third of married couples will actually gain, it discriminates against single parents and it reduces work incentives.
Cameron and Osborne are more concerned with defending bumper bonuses for bankers than measures to tackle the cost of living crisis.
Rather than re-running the arguments of 2010, the party must start and sustain a debate about what a good, healthy economy looks like.
The Bank of England governor tells MPs what George Osborne doesn't want you to hear.
The opposition should worry less about the growth rate and more about developing its own story about the economy.