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thinkahol *

FOCUS: Austerity Ushering In Global Recession - 0 views

    Without an expansionary fiscal policy, low interest rates have little effect. Companies won't borrow in order to expand and hire more workers unless they have reasonable certainty they'll have customers for what they produce. And consumers won't borrow money to spend on goods and services unless they're reasonably confident they'll have jobs.

    Fiscal austerity is the wrong medicine at the wrong time.
thinkahol *

Welcome to the Tea Party's Austerity Recession | Economy | AlterNet - 0 views

    Economic historians will look back on this era as a time when policy-makers damaged Americans' welfare with ideologically driven, self-inflicted wounds.
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