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eridani

(51,907 posts)
Tue Dec 25, 2012, 09:43 PM Dec 2012

Austerity continues to stifle UK economy

http://americablog.com/2012/12/austerity-continues-to-stifle-uk-economy.html

Few expected rapid growth in the UK after binge drinking on Big Finance for years, but many people predicted this. Austerity – the same foolish plan Republicans want in the US – has consistently been a failure for struggling economies and this time is no different.

Down in Spain, the minimum wage has been lowered and many workers (yes, workers) are glad to even receive a paycheck. Spain is also tackling a suicide problem related to house evictions. Let’s not forget that before the crisis, Spain had a budget surplus.

The mind-numbing negotiations by Obama not only forget that he just won and won big over Republican ideas, they also ignore the destructive nature of austerity. Besides the backwards GOP and The 1%, what fool wants any of this?
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Austerity continues to stifle UK economy (Original Post) eridani Dec 2012 OP
EVIDENCE JEFF9K Dec 2012 #1
The rich don't care if the economy fails Warpy Dec 2012 #2

Warpy

(111,272 posts)
2. The rich don't care if the economy fails
Tue Dec 25, 2012, 11:14 PM
Dec 2012

Austerity is about shifting the blame and the pain downward so they get to keep everything they stole.

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