Decision 2012: Truthy or Filthy?

Global Unemployment??

Are European heads of state to blame for the current employment crisis in Europe? Should they all be replaced, en masse, or is there a deeper truth? To what extent do CENTRAL BANKS, which operate beyond the powers of elected executive officers, bear responsibility for unemployment? Does an electable candidate have to have a platform that seeks to reform that relationship?

Washington Post Slide Show
European Unemployment

http://www.aim.org/newswire/think-the-u-s-is-in-bad-shape-try-the-eurozones-11-4-unemployment-rate/

“While austerity measures were introduced to ease the financial crisis by lowering public debt, they are also slowing down economies as government spending drops off. This is also pushing unemployment higher and threatening the continent with recession. Some experts urge leaders to instead loosen spending to encourage growth. This is a battle between Keynesian economics and the free market, whether increased government spending would save the economy or ultimately destroy it by replacing the free market with dependency on government.

But many European countries have completely mismanaged their budgets for continued government stimulus, which lends to the argument of free market supports that Keynesian economics is unsustainable. Greece is relying on the most recent bailout to pay its bills and creditors want to see further cuts. Spain is also cutting spending, while dealing with a revived separatist movement of the Catalan province that does not want to pay the country’s bills. Both of these countries have the eurozone’s highest unemployment rates of 25 percent apiece.”

 

4 comments

  1. OK, so, do the wannabe Hitler’s start showing up at Central casting all on their own, like the New Dawn busters in Greece, or the Catalan/Basque/Pan’s Labyrinthe muhhuggah – or – do the bankers deploy specially trained agent provocateurs to organize the fascist elements and bring about the clampdown?

    How did that work 80 years ago, and how will it work this go-round?

  2. So the bankers have their livestock management down to such a science that they can depend on the livestock to implement austerity measures and do themselves in…,

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