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Austerity has worked fine for Germany and Canada(both did this ten years ago), Puerto Rico, Australia, New Zealand just to name few.
It's not working in the U.K. because they haven't cut back enough in government entitlements.
Well it's pretty strange that the author of the piece touts Germany's low unemployment and then complains that austerity measures don't work.
Here's the author of your linked piece.
"Euro zone unemployment just hit a 15-year high. German unemployment just hit a 15-year low
Why?
Guess when Merkel introduced austerity measures? Check the date now....
Germany Introduces Austerity Measures
by Eric Westervelt
June 8, 2010
The German government has announced a package of spending cuts intended to keep the country's sovereign debt in check. Chancellor Merkel says Germany needs to save around $100 billion over the next four years. She also hopes other countries using the euro will follow Germany's lead and introduce their own austerity programs to help strengthen confidence in the currency.
Germany Introduces Austerity Measures : NPR
You're quite right. Numbers don't lie.
.You must spread some Reputation around before giving it to tinydancer again.
Obama saved us from the second great depression? HAHAHAHAHA, what a fool, but then again what do you expect. Obama is the king of cronyism, its' the Chicago way. Poor helpless sheep, they jumped off the cliff and haven't realized it yet.
Austerity has worked fine for Germany and Canada(both did this ten years ago), Puerto Rico, Australia, New Zealand just to name few.
It's not working in the U.K. because they haven't cut back enough in government entitlements.
Germany had a strong social safety net in place that was not touched by austerity measures. Canada has universal health care. Apples & oranges.
Austerity has worked fine for Germany and Canada(both did this ten years ago), Puerto Rico, Australia, New Zealand just to name few.
It's not working in the U.K. because they haven't cut back enough in government entitlements.
Germany had a strong social safety net in place that was not touched by austerity measures. Canada has universal health care. Apples & oranges.
What pray tell are you talking about? A strong social safety net didn't have jack shit to do with economics.
One more time. Merkel had to introduce austerity measures to bring Germany back from the brink of a serious recession.
Check the date:
June 8, 2010
The German government has announced a package of spending cuts intended to keep the country's sovereign debt in check. Chancellor Merkel says Germany needs to save around $100 billion over the next four years. She also hopes other countries using the euro will follow Germany's lead and introduce their own austerity programs to help strengthen confidence in the currency.
Re: Canada and I am a Canuck, what pray tell does our health care system have to do with economics?
Our government first and foremost did not go bonkers throwing money out the window on bullshit job creation and stimulus money to pay back all their backers from an election like the Democrats did.
It was a very tightly monitored infusion of cash into job creation with EVERY PENNY accounted for.
We have a highly regulated banking system that does not allow for Banks gambling away people's money on ponzi schemes.
And our finance minister isn't an academic economically challenged moron like Geitner. He's knows what he's doing.
And to top it all off my Conservative Prime Minister has a Masters in Economics but better than that he had a day job before he became PM. Harper understands the real world.
This is why we lead the G7 in recovery.
Dont let the facts muddy your made up world
stop spreading lies you have already been shown were lies
You are the one who won't accept that cutting government, entitlements, lowering corp. taxes and reforming taxes works.
What part of, you can't spend 1.2 trillion more than what you take in does not work?
Until we get more businesses and entrepreneurs, and we won't if we dont' get rid of over blown regulations and high corp taxes cut, then were going down big time.
what were corporate tax rates during our most historically prosperous years?
NZ and Australia raised their min wage to $15 and $13 an hour. THAT raises demand! You dupes are a brainwashed mess.
The Tories cut all kind of entitlements, moron, went directly into recession.
Austerity has worked fine for Germany and Canada(both did this ten years ago), Puerto Rico, Australia, New Zealand just to name few.
It's not working in the U.K. because they haven't cut back enough in government entitlements.
Germany had a strong social safety net in place that was not touched by austerity measures. Canada has universal health care. Apples & oranges.
What pray tell are you talking about? A strong social safety net didn't have jack shit to do with economics.
One more time. Merkel had to introduce austerity measures to bring Germany back from the brink of a serious recession.
Check the date:
June 8, 2010
The German government has announced a package of spending cuts intended to keep the country's sovereign debt in check. Chancellor Merkel says Germany needs to save around $100 billion over the next four years. She also hopes other countries using the euro will follow Germany's lead and introduce their own austerity programs to help strengthen confidence in the currency.
Re: Canada and I am a Canuck, what pray tell does our health care system have to do with economics?
Our government first and foremost did not go bonkers throwing money out the window on bullshit job creation and stimulus money to pay back all their backers from an election like the Democrats did.
It was a very tightly monitored infusion of cash into job creation with EVERY PENNY accounted for.
We have a highly regulated banking system that does not allow for Banks gambling away people's money on ponzi schemes.
And our finance minister isn't an academic economically challenged moron like Geitner. He's knows what he's doing.
And to top it all off my Conservative Prime Minister has a Masters in Economics but better than that he had a day job before he became PM. Harper understands the real world.
This is why we lead the G7 in recovery.
Germany hasn't implemented austerity. Try again
Well it's pretty strange that the author of the piece touts Germany's low unemployment and then complains that austerity measures don't work.
Here's the author of your linked piece.
"Euro zone unemployment just hit a 15-year high. German unemployment just hit a 15-year low
Why?
Guess when Merkel introduced austerity measures? Check the date now....
Germany Introduces Austerity Measures
by Eric Westervelt
June 8, 2010
The German government has announced a package of spending cuts intended to keep the country's sovereign debt in check. Chancellor Merkel says Germany needs to save around $100 billion over the next four years. She also hopes other countries using the euro will follow Germany's lead and introduce their own austerity programs to help strengthen confidence in the currency.
Germany Introduces Austerity Measures : NPR
You're quite right. Numbers don't lie.
NZ and Australia raised their min wage to $15 and $13 an hour. THAT raises demand! You dupes are a brainwashed mess.
The Tories cut all kind of entitlements, moron, went directly into recession.
They should have raised it to $100, what could go wrong?![]()
Actually a strong saftey net results in more people starting business, it also provides instant stimulus programs during a depressed economy, and lifts millions out of povetryWhat pray tell are you talking about? A strong social safety net didn't have jack shit to do with economics.
One more time. Merkel had to introduce austerity measures to bring Germany back from the brink of a serious recession.
Incorrect so far Germany has increased govt spending by 2%
Euro Austerity, Continued - NYTimes.com
Yes and despite Canada not having a housing bubble and a banking crises Canada's job growth and economic growth have been lower then AmericasOur government first and foremost did not go bonkers throwing money out the window on bullshit job creation and stimulus money to pay back all their backers from an election like the Democrats did.
Yes your politicians didn't make the same mistakes Americas didWe have a highly regulated banking system that does not allow for Banks gambling away people's money on ponzi schemes.
Actually a strong saftey net results in more people starting business, it also provides instant stimulus programs during a depressed economy, and lifts millions out of povetryWhat pray tell are you talking about? A strong social safety net didn't have jack shit to do with economics.
Euro Austerity, Continued - NYTimes.com
One more time. Merkel had to introduce austerity measures to bring Germany back from the brink of a serious recession.
Incorrect so far Germany has increased govt spending by 2%
Euro Austerity, Continued - NYTimes.com
Yes and despite Canada not having a housing bubble and a banking crises Canada's job growth and economic growth have been lower then Americas
Yes your politicians didn't make the same mistakes Americas didWe have a highly regulated banking system that does not allow for Banks gambling away people's money on ponzi schemes.
Yes your politicians didn't make the same mistakes America's Pubs did...
fixed!
If you don't know that, you're sorely misled by their propaganda.
NZ and Australia raised their min wage to $15 and $13 an hour. THAT raises demand! You dupes are a brainwashed mess.
The Tories cut all kind of entitlements, moron, went directly into recession.
They should have raised it to $100, what could go wrong?![]()
Congratulations. Stupidest possible argument...moron.
As I said, even Krugman only wants rehiring thoseb 550k teachers, police, and firemen, and some infrastrure jobs bills the responsible GOP has always been for in the past, before they went nuts and the ideologically blind dupes/inmates took over the asylum.
Actually a strong saftey net results in more people starting business, it also provides instant stimulus programs during a depressed economy, and lifts millions out of povetryWhat pray tell are you talking about? A strong social safety net didn't have jack shit to do with economics.
Euro Austerity, Continued - NYTimes.com
One more time. Merkel had to introduce austerity measures to bring Germany back from the brink of a serious recession.
Incorrect so far Germany has increased govt spending by 2%
Euro Austerity, Continued - NYTimes.com
Yes and despite Canada not having a housing bubble and a banking crises Canada's job growth and economic growth have been lower then Americas
Yes your politicians didn't make the same mistakes Americas didWe have a highly regulated banking system that does not allow for Banks gambling away people's money on ponzi schemes.
Actually a strong saftey net results in more people starting business, it also provides instant stimulus programs during a depressed economy, and lifts millions out of povetry
It's obvious that a safety net that is so strong that it is impossible to fire a worker will result in lots of new hiring.
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