Read the papers and it's as if the real reason behind the "drastic" cuts in public spending, the big bank bailout, never happened.
Just a passing thought.
In the past few days, Prime Minister David Cameron and his coalition chums have been warning of "drastic" measures and "decades of pain" as the £6bn cuts get underway in an attempt to rein in the country's £156bn annual deficit .
Cameron admits that the decisions "will affect every single person" (though I'm sure he's hardly going to trade that radiator for an extra jumper himself). However, he's also very clear in laying the blame on the previous Labour government and their "reckless" spending.
But here's the thing.
Less than two years ago, at the height of the financial crisis, the Labour government pumped £37bn directly into the banks. Earlier on, an estimated £50bn had already been spent to rescue Northern Rock (fine purveyors of high-risk 110-per-cent mortgages) from disaster.
That alone would cancel out the forthcoming "drastic" cuts by a mile. Do you hear anyone talking about it?
Not to mention the gigantic £850bn announced at the end of 2009, the official cost to the British taxpayer that included - amongst other things - buying duff shares off banks, indemnifying against losses, providing guarantees and insurance cover for assets.
Yet - in a textbook case of collective goldfish memory - this now seems to have slipped away from public consciousness. It's been literally sanitised from the dominant discourse. It's as if it never happened. The only thing that happened, apparently, was a "reckless" Labour government living beyond its means and wasting homongous amounts of money.
That they did that to rescue "reckless" banks is not something David Cameron will remind you of.