Once more our French cousins have taken a stand. Maybe this will be the beginning of the end of those fake austerity moves countries are making in order to appease the various right wing elements.
I completely agree. France sounds like paradise. No more of those pesky accountant types left to deal with. Planes leave from every major airport daily. Please join Thom in France and report back in ten years as to how it is going.
Absolutely correct! Austerity has never grown a country, as Thom points out time and time again. It is increasing demand -- through putting jingle in people's pockets -- that does it. Krugman writes eloquently of the "austerity fairy" and the foolishness of that approach, and of the foolishness of the waiting for confidence to increase in a country after imposing austerity measures -- who the heck would be confident with no money to spend? with their jobs and lives getting more and more miserable?
Keynes has again been demonstrated to be correct and the basic laws of economics cannot be violated. Trickle-down and austerity measures are nonsense.
But as people have pointed out, the Righties are terrified that this will become known because it will be shown that there is a larger place for government (not simply in beefing up the military) and that raising taxes on the highest income people is the way to prosperity for all. So, the Righties are spinning it every which way they can to hide the fact that Krugman is right, Thom is right, that France is getting its priorities right, etc.
I wouldn't go that far calling it a paradise but compared to here...well,,er...let me think.. You know something? You're absolutely right! Compared to here it IS a paradise. But then again, compared to our health care system, even with the alleged better plan under the Pres., Cuba's system is a paradise.. (G)
Yeah, I read that Krugman article too - I think it was in the Times this past weekend. As usual he hit the nail right on the head. They just don't want to share any wealth with the rest of us because if we had a few more dollars in our pockets it would give us a bit more power which they are terrified about.
Raoul -- you see that chart that Rachel Maddow discussed with Krugman, about how income inequality has tracked almost perfectly with partisan gridlock in congress? Great, Great chart!
Look atTake a look at Rachel's at http://ecolocalizer.com/2012/05/02/maddow-krugman-explain-link-between-w...
Keep on trucking, Raoul! I mean in a world-friendly kind of way!
Six years into his presidency, President Obama is now taking heat from a surprising place: congressional Democrats, who are lining up against his plan to force the Trans-Pacific-Partnership, or TPP, through congress without any debate whatsoever.
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