Friday, Jun 25, 2010

Austerity or stimulus - who benefits?

The Real News Network: G20: Doves on finance reform, hawks on austerity

Rob Johnson: discusses some deep issues about Austerity or stimulus an that the real cause of massive debt was caused by finance sector, not people's social programs

Posted by the number cruncher @ 09:03 PM (375 views) Add Comment

2 Comments

1. Rental John said...

carrot and stick?....banks get the carrot, we get stick!

Saturday, June 26, 2010 09:07AM Report Comment
 

2. Daopig said...

I remember reading that the UK was haemorrhaging manufacturing jobs at frightening rate during the Labour term. Nothing was done, I suspect the City was leant on to provide finance for alternative investment but with the government picking winners, this investment was never going to find it's way into virtuous hands. I don't think it is fair to just lump the problem with the extend-and-pretend brigade. They were the agents. Government is ultimately responsible?

Thursday, July 1, 2010 12:02PM Report Comment
 

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