He painted a picture of a doomed society. A post-apocalyptic nightmare world, where a debt-jackboot repeatedly stamps on the face of the British people forever.
Osborne mocked Labour's economic record with a tone that suggests he thinks the public respects his opinion. Does he assume his appointment as chancellor has in some way imbued him with a reputation for economic competence?
In reality he has an impeccable record of making exactly the wrong calls on the economy.
During the boom years, with Blair in Number 10 and Brown next door, Osborne fell in line with the then current economic thinking. Along with Cameron, he was a cheerleader for New Labour's programme of deregulation and light-touch governance. And look where that got us.
When the credit crunch took hold, the Conservatives were practically alone on the world stage in opposing government intervention to shore up the global economy. While Gordon Brown was being celebrated internationally for his pragmatism, Osborne was handicapped by ideology and offered no coherent alternative strategy.
And now he is chancellor. Why, nobody really knows. Perhaps in trying to ape New Labour's electoral success, Cameron felt he needed his very own unelectable liability in No 11.
So as the battle to set the terms of the debate gets nastier, and the 'Red Ed' slurs are deployed to paper over the gaping cracks in the coalition's economic strategy, don't forget to check the historical record. Ask yourself exactly what qualifies this former speech writer for William Hague to be the mastermind of the UK's economic programme for the next five years. And be afraid. Be absolutely terrified.
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