Over the past week several major global events happened that may be an indication of things to come in America. No, not the nuclear meltdown in Japan or the no-fly zone in Libya or any other unrest in the Arab world, it all involved the European Union. The government of Portugal basically fell apart and the Irish bond yields hit above 10 percent and more than a half million people marched in the streets of England protesting draconian economic changes and high unemployment.
But no one in America has paid attention to this, especially no Republican politician. Politician the likes of Michele Bachmann, Wisconsin Governor Scott Walker, Speaker John Boehner and Paul Ryan have seemed to ignore what has been occurring in Europe which demonstrates the impact of extreme deficit cutting and cutting spending has when there are large rates of unemployment. According to Republican leadership and theory, slashing spending at large intervals all willy nilly will increase confidence and subsequently have any major impact on growing the economy and job creation.
However, Europe has demonstrated that cutting the deficit in the approach Republicans desire to take via major reductions in government spending may have severe and unintended consequences. Their deficit before job creation approach borders on a mental illness.
The recovery of the US economy is way off in the distant future and to think otherwise is similar to REM sleep. I mean again, just look at England and Ireland. They tried to bail out the banks and what happened? After their actions in June of 2009, now we see even higher unemployment. They faced then what we are starting to confront now in the US – increased headline inflation and increased core inflation. I mean just take a look at the cost of food and gas over the past year.
Yes, the GOP seem to busy attacking Obama and trying to save face with the common folk who placed them in office to see that job creation is essential before tackling the deficit. But their leadership is too busy to see this. Maybe I should have gone to an institution of higher learning like Oral Roberts University and then I could have the knowledge of a Michele Bachmann especially regarding history, but I do not. But I can say in light of her and the others who follow the mantra of being a deficit hawks, in the immortal words of Dan Aykroyd– Michele you ignorant slut.
5 comments:
The politicians are looking at a great number of reasons for world countries and our own situation we find ourseleves in. I gauge how the country is doing by the number of new homeless I have each week. More people losing their jobs, apartments, auto or sleeping in them. Many of these people are not crazy, drunks or addicts and many have major degrees. One homeless man here in Colorado Springs helped design the International Space Station. One I got in about two weeks ago has found a part time job and is a designer for business computer systems. But those looking and talking are not even scratching the surface on the real problem. It's a Medusa and they don't want to look at or touch it!
T,
It does not seem that many Americans are paying attention to the money situation among the European Union nations.
As far as Shelly B. is concerned, she is a real piece of work.
Great article.. excellent post.
coach outlet, michael kors outlet online sale, nike air max, tiffany jewelry, michael kors outlet store, michael kors handbags, christian louboutin shoes, tory burch outlet online, prada handbags, kate spade outlet online, michael kors outlet, oakley sunglasses, louis vuitton outlet, christian louboutin outlet, christian louboutin, nike air max, gucci handbags, louis vuitton handbags, michael kors outlet online, prada outlet, jordan shoes, burberry outlet online, coach outlet, ray ban sunglasses, true religion outlet, michael kors outlet online, chanel handbags, louis vuitton outlet online, red bottom shoes, louis vuitton, oakley vault, ray ban outlet, kate spade outlet, cheap oakley sunglasses, nike outlet, longchamp outlet online, tiffany and co jewelry, burberry outlet online, nike free, polo ralph lauren, longchamp handbags, longchamp outlet, polo ralph lauren outlet, true religion, louis vuitton outlet, coach purses, coach outlet store online
chi flat iron, ugg, ugg outlet, uggs on sale, asics shoes, p90x workout, vans outlet, herve leger, celine handbags, valentino shoes, replica watches, lululemon outlet, giuseppe zanotti, ugg boots, nike trainers, ferragamo shoes, jimmy choo shoes, soccer jerseys, wedding dresses, mont blanc pens, soccer shoes, mcm handbags, beats headphones, north face jackets, ugg boots clearance, reebok shoes, canada goose, abercrombie and fitch, north face jackets, instyler ionic styler, mac cosmetics, ugg soldes, nfl jerseys, ugg outlet, insanity workout, babyliss, canada goose outlet, canada goose outlet, birkin bag, bottega veneta, new balance outlet, canada goose outlet, longchamp, nike huarache, ghd, hollister, uggs outlet, marc jacobs outlet, nike roshe
Post a Comment