Monday, October 10, 2011

Anybody out there?

From a post last November.

I trust you know that the western hemisphere economies are broken.
With the exception of some micro states with special circumstances and Germany that has successfully re-routed its exports to Asia, everybody else is in a terrible mess, with no real end in sight.
The bailouts amount to nothing more than kicking the can further down the road when the billions will have to be re-paid, and the clamoring for austerity and re-balancing of the budgets can really only have one immediate effect: more joblessness that may even become structural, less consumption and consequently, an even slower economic recovery.
Take Europe: Greece, now Ireland, soon Portugal and Spain, possibly Belgium and Italy: more austerity, more riots, more job losses – not to mention a weakening of European solidarity and the Euro.

We need Leadership, not ideology.

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