PIGS Portugal, Italy, Greece and Spain
BRUSSELS—Spain and Italy suffered debt downgrades Friday, triggering a retreat in the euro as European governments scrambled to develop a common approach to restoring confidence in the region's banks.
Don't mention these
Funny how that works
No need to.
Socialism works when it is done right.
Money invested in education, healthcare, technology, research, and infrastructure drives an economy.
Too funny coming from a guy who did not know the Soviet Union was socialist
Money taken out of the economy and wastefully spent does nothing
except create debt
For example Papa Obama's Pork Bill
another failed Papa Obama pet project that did not live up to expectations
$250,000 per job created (excluding the interest expense) and $312,500 per union job, er job created
(so that's how much it cost to purchase votes today)
What a bargain - what fine example of "Keynesian efficiency"
What is the avg wage in the US around $42,000 ?
I can see it now- the new liberal cry!
Give us 5 times the cost of the avg job and we can make 1
To be fair, it is better than his "green job" cost
With $17.2 billion spent on these programs, the cost per actual job created, so far 3545 jobs, comes to $4.853 million per job
(not counting the interest)
Notice Even with Papa ObamaÂ’s initial false promise of 65,000 jobs created that would still come to $593,846 per job
Really, only left wing apologists for Papa Obama could take this as a positive