The supposed tourism boost is nonsense. It's the same nonsense argument for retail losses due to bank holidays; What you don't spend today you can spend tomorrow, and vice versa. Boosting the economy from all the construction, etc, is nonsense too. It's the broken window fallacy in action. The Olympics is a corporate fundraising event, and the local traders who are dealing with olympic brand police coercion will attest as much. Considering that we're over £1 trillion in debt (excluding pensions, etc) it leaves a bad taste in my mouth. Perhaps it might raise the profile of the country to encourage foreign investment, although I think they could have done more to make it less exclusively London focused. I personally find the whole thing disgusting. It's a strong word I know. If the only times people can muster some kind of human spirit is in the name of nationalistic pride (an evil thing, as are all forms of collectivism), then perhaps the majority deserve the misery that is coming. Considering every penny you pay in taxes goes to pay a growing national debt, then selling your children into debt-slavery, to the tune of an extra £15 billion or so, so that you can have a party to celebrate our collective idiocy seems a particularly evil (another appropriately strong word) thing. Yay! go team GB!