By "destructive" do you mean social programs that try to help ordinary people instead of giving tax cuts to the wealthiest Americans?
Hardly....Let's see, 30 years ago I was 18 yrs old and barely even concerned with politics. But I think if you were to do an honest assessment of spending in this country liberals far outweigh the destructive spending that has gone on.
Dont worry.. American's dont have the balls to demonstrate against the government. Not to mention the US has not cut spending in generations.... And for the record.. the Greeks got into this trouble thanks to a right wing government.. UPS!
if America was a race, this post would = racism
but it isn't, so this is just bigotry.
No it is factual. Not my fault you are ashamed of your countrymen's lack of political action.
Regardless if it is violent protest or a peaceful protest it still looks like spoiled rotten ungrateful children throwing a tantrum.
Nobody should like austerity, seeing as how it is the economic elite's way of getting the poor to pay for their f-ups.
How so?
The Greek people were lied to for a decade by right wing governments and are now being asked to pay for the miss-deads of said government while the bankers, who helped the right wing government with the debt building go scot free...... I would be royally pissed if that happened in Denmark.
Hell I am wondering why American's are not out demanding the heads of their bankers and financial institutions since it was their fault in large part that the US is in the hole it is in now.
Politicians who claimed to be capitalists supported the bailouts.but what happens instead.
Most protest in Europe are bound to the fact that the governments that are putting in austerity measures (unlike in the US) are more than often targeting the middle and less well off instead of the banks and the rich.
The only positive thing I can say about the European politicians that lead us into the situation, is that many of them admit their wrong doing and do want to target the banking industry. The Irish have banned bonuses in their banks for now.. good for them.
This is what happens when you allow yourself to be dependent on the government.
Remember the folks that thought Obama was going to buy them a house? This mentality is real out there.
Dont worry.. American's dont have the balls to demonstrate against the government. Not to mention the US has not cut spending in generations.... And for the record.. the Greeks got into this trouble thanks to a right wing government.. UPS!
Hardly....Let's see, 30 years ago I was 18 yrs old and barely even concerned with politics. But I think if you were to do an honest assessment of spending in this country liberals far outweigh the destructive spending that has gone on.
j-mac
There's not a single truly costly program that can be attributed entirely to liberals.
By the time Germany passed its Agenda 2010 reform package in 2003, the country had been suffering from double-digit unemployment and mostly anemic growth for a decade. The reforms included draconian cuts in pensions and unemployment benefits, increased labor flexibility and wage cuts.
Harm Bandholz's Munich-based colleague Andreas Rees is UniCredit's chief German economist and says that the country's road to recovery from being the "sick man of Europe" has been anything but easy.
"The road to higher GDP growth was long and hard," he said. "It involved cutting wage costs for about 10 years and consumer expenditures have simply been a disaster."
"We've been through massive uncertainty and for many Germans it was a really painful period."
The reforms also resulted in the formation of the new Left socialist party, altering Germany's political landscape.
But thanks to the country's more flexible work force and "also partly good luck" in the form of demand from China for quality manufactured products, Rees said the "reforms have clearly paid off."
Driven by its manufacturing sector, the German economy is expected to grow by anywhere up to 3.7 percent in 2010, while unemployment fell to an 18-year low of 7.5 percent in October. Rees said he is upbeat about future consumer spending. But even seven years after reforms began, Rees said they are not over.
Get the popcorn folk, these are coming attractions on its way to a city in the US near you.
Looks fun eh?
j-mac
Nobody should like austerity, seeing as how it is the economic elite's way of getting the poor to pay for their f-ups.
[T]he crisis gripping the weaker governments of the euro zone showed no signs of abating. On Thursday, Spain was forced to offer significantly higher interest rates at a debt auction Thursday than it paid just a month ago. Bond markets fell across Europe. Earlier on Thursday, the head of the International Monetary Fund said he's worried European officials are "too much behind the curve" in comparison with the speed at which markets are moving, risking further contagion in the euro area.
Also Thursday, the European Central bank said it will nearly double its capital base—a move analysts see as a strong signal to government leaders that the central bank's loans to banks and its purchases of government bonds of the region's weakest economies carry a risk. There were no details about the size of the new fund, which finance ministers said last month would be broadly in line with the EU's current temporary €750 billion ($992 billion) fund.
So far, the expected agreement on the new bailout plan, which includes provisions that would force holders of euro-zone government bonds to bear losses in some cases, has done little to reassure markets about Europe's resolve to salvage its common currency. In recent days, Luxembourg Prime Minister Jean-Claude Juncker and other leaders have proposed issuing common euro bonds as a way to alleviate the pressure on the currency area's weakest members. But the idea has been met with fierce resistance in Germany and other countries amid concerns that they could end up footing the bill for profligate neighbors.
The Continent's inability so far to halt the spread of the turmoil bodes ill for the coming year, when EU countries are expected to need to raise $2 trillion of debt. If Europe's governments fail to put their bickering aside, they risk triggering the unthinkable: the implosion of the euro.
For the past year, Europe has sought to manage the crisis with stopgap measures. Now, with Greece and Ireland under the virtual stewardship of the EU and the IMF and Portugal threatened with a similar fate, there is a growing recognition across Europe that policy makers are running out of options. Spain, a far larger economy than Ireland or Greece, is in jeopardy due in part to unknown losses in its banking system as its housing bubble deflates. Even Italy and Belgium, long used to managing high public debts, are coming under pressure in bond markets.
My only hope is that the violence in these countries increases until the measures are reversed in their entirety, or until the governments are overthrown.
Whichever comes first.
These measures are very obviously the way of the wealthy punishing the poor for their ****ups. The Greeks and Brits are entitled to use any means necessary to overturn them.Violence won't change the nature of reality. Those workers are in direct competition with Chinese and Indian workers. Big govt. can't be sustained and it can't be reformed.
My only hope is that the violence in these countries increases
These measures are very obviously the way of the wealthy punishing the poor for their ****ups. The Greeks and Brits are entitled to use any means necessary to overturn them.
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