The death of a FAIRYTALE

Discussion in 'Politics' started by Truthmatters, Apr 28, 2012.

  1. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    http://www.nytimes.com/2012/04/27/opinion/krugman-death-of-a-fairy-tale.html?_r=1


    Critics warned from the beginning that austerity in the face of depression would only make that depression worse. But the “austerians” insisted that the reverse would happen. Why? Confidence! “Confidence-inspiring policies will foster and not hamper economic recovery,” declared Jean-Claude Trichet, the former president of the European Central Bank — a claim echoed by Republicans in Congress here. Or as I put it way back when, the idea was that the confidence fairy would come in and reward policy makers for their fiscal virtue.

    The good news is that many influential people are finally admitting that the confidence fairy was a myth. The bad news is that despite this admission there seems to be little prospect of a near-term course change either in Europe or here in America, where we never fully embraced the doctrine, but have, nonetheless, had de facto austerity in the form of huge spending and employment cuts at the state and local level.
     
    • Thank You! Thank You! x 1
    Last edited: Apr 28, 2012
  2. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    All around Europe’s periphery, from Spain to Latvia, austerity policies have produced Depression-level slumps and Depression-level unemployment; the confidence fairy is nowhere to be seen, not even in Britain, whose turn to austerity two years ago was greeted with loud hosannas by policy elites on both sides of the Atlantic.


    http://www.nytimes.com/2012/04/27/opinion/krugman-death-of-a-fairy-tale.html?_r=1
     
  3. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Notably, the long-suffering (literally) Irish have been hailed as a success story not once but twice, in early 2010 and again in the fall of 2011. Each time the supposed success turned out to be a mirage; three years into its austerity program, Ireland has yet to show any sign of real recovery from a slump that has driven the unemployment rate to almost 15 percent.

    However, something has changed in the past few weeks. Several events — the collapse of the Dutch government over proposed austerity measures, the strong showing of the vaguely anti-austerity François Hollande in the first round of France’s presidential election, and an economic report showing that Britain is doing worse in the current slump than it did in the 1930s — seem to have finally broken through the wall of denial. Suddenly, everyone is admitting that austerity isn’t working.


    http://www.nytimes.com/2012/04/27/opinion/krugman-death-of-a-fairy-tale.html?_r=1
     
  4. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Heres the deal cons.

    You gig is up.

    There is just too much VERY recent evidence your shit stinks.

    You economic plans dont work.

    Now tell us all why you still back them in the face of undeniable evidence?

    Just try getting Mitt elelcted without facing these facts.

    You willl fail unless you face the facts.

    If you dont face the facts you DESERVE to fail.
     
  5. blastoff
    Offline

    blastoff Undocumented Reg. User

    Joined:
    Nov 12, 2009
    Messages:
    13,501
    Thanks Received:
    1,707
    Trophy Points:
    245
    Location:
    In a galaxy far far away...
    Ratings:
    +4,595
    Reminds me of the fairytale about Dims never cheating at the polls, only not as funny.
     
  6. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    How can you win an election with OBVIOULY failed ideas?
     
  7. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    You will not be able to ignore these facts in this election.


    It will kill your party dead
     
  8. AmericanFirst
    Offline

    AmericanFirst Gold Member

    Joined:
    Dec 17, 2009
    Messages:
    12,204
    Thanks Received:
    1,047
    Trophy Points:
    175
    Ratings:
    +2,005
    That is why dimwits cheat in elections, their ideas suck!!!
     
    • Thank You! Thank You! x 1
  9. whitehall
    Online

    whitehall Gold Member

    Joined:
    Dec 28, 2010
    Messages:
    27,779
    Thanks Received:
    4,333
    Trophy Points:
    290
    Location:
    Western Va.
    Ratings:
    +10,738
    Pretty ironic that the NY Times is working on an austerity budget to save it's sorry liberal ass from bankruptcy while it promotes lavish government spending.
     
    • Thank You! Thank You! x 1
  10. syrenn
    Offline

    syrenn BANNED

    Joined:
    May 10, 2010
    Messages:
    47,839
    Thanks Received:
    10,387
    Trophy Points:
    0
    Ratings:
    +10,403
    Yes, i am very sure having the fairy tail of a life of entitlements and everything provided to you for free by the government..... was quite a shock....having it vanish into thin air.

    Its very sad when the fairy tail is gone and real life stares you in the face.
     
    • Thank You! Thank You! x 3
    Last edited: Apr 28, 2012

Share This Page