Liberals are so threatened by budget cuts that they claim that what we are doing now is "austerity", and that business is bad because the government supposedly isn't spending as much money as they want.kpete Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Mon Aug-08-11 06:10 PM
The Market Has Spoken: Austerity Is Bad for Business
now, who is listening?
(chart not included here, but is at the DU site )
It used to be that when the Fed Chairman spoke, the market listened; but the Chairman has lost his mystique. Now when the market speaks, politicians listen. Hopefully they heard what the market just said: government cutbacks are bad for business. The government needs to spend more, not less. Fortunately, there are viable ways to do this while still balancing the budget.
They're either delusional or so addicted to "free money" that they won't see the truth.