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|Subject: ||RE: It's official: Austerity in Europe has failed and the Stimulus worked|
You guys are joking, right? Perhaps I just don't have a good ear for irony, but I'll play along...
You think AUSTERITY is what landed Europe in its current predicament? That's like a fat man having a heart attack and blaming it on the diet he started two days ago.
Obama presides over the slowest economic recovery in memory and his stimulus saved the day? Wrong again. Obama has his boot on the neck of the economy and it would have recovered a lot more by now without his radical policies assailing it at every turn.
The same mentality that drove Europe off the cliff is now firmly entrenched in the United States government and the U.S. is heading toward the edge with its foot buried on the accelerator.
Saying that the slow recovery is Obama's fault is the most ignorant and narrow minded claim that you can possibly make. The US economy is just part of a much larger global economy. It would be irrational for Americans to invest while Europe stands on the brink of collapse and China approaches a hard economic landing. You cannot ignore outside events, nor make broad generalizations about it. The situation in Spain is vastly different from that of Greece. The situation in Ireland is vastly different from that of Portugal. And the situation in Japan and Italy is vastly different from that of the UK. They all suffer from the malaise of slow growth and high debt, but you should learn to understand when it is the case that high debt causes slow growth and how it is different from the case of slow growth causing high debt.
So your plan is to get out of debt by creating more debt?
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