Saturday, August 25, 2012

How much have Prince Harry's antics hurt Britain?
Not as much as those of his brother and his horse trainer/monarch grandmother...

Prince Harry passed out on Sir Richard Branson's
private island, Necker, days before his Vegas trip.
There has been a great deal of discussion about the damage that Harry's dissolute (but private) behavior may have done to Great Britain following his $50,000 sojourn in a VIP Las Vegas suite.
     (The Daily Mail says Harry is said to be ‘terrified’ that even more incriminating photos will emerge of an ‘even wilder’ week in the British Virgin Islands on Sir Richard Branson’s private island days earlier. Some of those have already been leaked to a newspaper. Harry has already shut down his "Spike Wells" facebook page.)
     Some perspective on "damage" is in order.
     When Harry's brother, William, and what's-her-name were married on Arbor Day, the last Friday in April, the hit to the British economy was ELEVEN BILLION POUNDS.
     Well, the British Confederation of Industry reckons that each national holiday costs the economy about 6 billion pounds.
     But there was more.
Elizabeth Alexandra Mary
pictured before acquiring the
power and influence to inflict
multi-billion-pound damage
to the British economy.
     Because Her Economically Reckless Majesty proclaimed a nonweekend day between the official Easter holiday and the May bank holiday to be another national holiday, as many as six million Britons may have taken advantage of an opportunity to take an 11-day vacation using only three vacation days. The result of that would have been an economy-wide productivity slowdown in the final two weeks of the month, cutting £5 billion or more from GDP for the quarter.
     Estimates of the sales and tourism boost to the British economy due to the Royal wedding were considerably less than a billion pounds. Quite a deficit incurred by an already extraordinarily privileged collection of aristocrats.
     Last June 5th, Queen Elizabeth declared another, extra bank holiday to accommodate a national party to celebrate the 50th year of her clinging to the #1 spot of the monarchy, which presumabaly cost the economy another six billion pounds, less a few hundred million pounds of tourism dollars and some souvenir revenue, of which most of the latter undoubtedly went to China.
     Just saying.

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