Chill Out: It's a Recession, Not the Apocalypse

London's mayor has some advice for the queen: Buy a dress
By Kevin Spak,  Newser Staff
Posted Oct 28, 2008 12:33 PM CDT
Mayor of London, Boris Johnson gestures as he chairs a meeting of the Metropolitan Police Authority at the City Hall in London, Monday, Oct. 6, 2008.    (AP Photo / Sang Tan)
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(Newser) – If you’re fretting, panicking, or just plain moping about the economy, Boris Johnson has some advice: Wake up and go shopping. “This isn’t some disaster movie about a virus from Mars. It’s a recession,” the mayor of London writes in the Daily Telegraph. “It doesn’t mean we have to line our rooms with newspaper, get in the fetal position, and live on tins.”

Boris isn’t saying people with maxed out credit cards should take out a second mortgage. But recently Queen Elizabeth, “who has a bob or two,” said she wasn’t buying any new dresses, out of sensitivity. Bollocks! The boom-bust cycle may be miserable, but “not so miserable that we have to cease all economic activity in deference to our misery.” Capitalism isn't dying, and there's nothing wrong with spending, Johnson opines. It might actually help.