New Eurozone unemployment numbers are out – revealing that more than 24 million people in the EU are out of work – the highest number ever recorded. And it shouldn't be too much of a surprise to those familiar with the crippling austerity measures sweeping the continent that those nations with the highest rates of unemployment are the ones that swallowed the austerity pill. Of the five nations with the highest unemployment rates – four of them – Spain, Greece, Portugal, and Ireland – were forced by the EU and the IMF to cut government spending and lay off public sector workers in return for bailouts. Those conditions are clearly not working, as those nations continue to sink deeper and deeper into economic ruin. This same dynamic is being played out in the United States – where states that have embraced austerity on average have much worse economies than states that have increased spending since the 2007 financial crisis. This is all yet more evidence that austerity doesn't work – and the only people who claim it does work are Republicans like Mitt Romney and Paul Ryan who just want to see the economy tank before the November elections.
This is proof POSITIVE the European socialist Government model the Obama regime has instituted is a dismal failure.
ReplyDeleteStop it now in its tracks before it completely destroys America.
Campaign Against the socialist democrats in every way shape and form you can until November. It is time to put an end to the massive redistribution of wealth from people who struggle and work hard to earn a good living only to be rewarded by seeing their earnings dissolve into the vast Government chasm of social welfare as it is distributed among those that refuse to work, can't work, are to stupid to hold a job in a private sector business tax and fee environment that has closed many employers doors permanently.
The very foundations of our country
are at risk. We are bankrupt beyond imagination.
Ask yourself if we the people are in control of the Government or are we the people under complete Government control and stop Government expansion and intrusion into our lives under their false and deceitful pretense and propaganda.
NOBAMA 2012 @)(@
Again,a liberal who believes in the money tree.Maybe if they go back when times were good and look at what measures were in place.
ReplyDeleterecord unemployment in one of our top export markets. But nah, this shouldn't impact the US economy at all huh? It's all about "socialism"
ReplyDeleteLets all work for government and then the economy will be great !!!!
ReplyDeleteNo austerity, entitlemnets for everyone, Sounds like a plan.
8wt