The US fiscal cliff - would it really be a bad thing?

[Coito ergo sum]

The US is in a better state than Europe because it spent money during the recession instead of cutting back (we don't have any restrictions on where you were born to become Prime Minister here, if Obama wants another job in 2016 he would be welcome here)

“The U.S. is not better off than Europe, or Japan of the 1980s for that matter,” Booth said in an interview with Forbes on Wednesday. “The market, particularly Wall Street, is in denial. We have a dead body in the UK and there’s lots of blood on the floor. We know the body is there and we’re trying to clean it up. It’s going to be very hard times. The UK will probably be downgraded from AAA like the U.S. It’s going to be very unpopular politics. In the EU, there are dead bodies all over the kitchen floor and only Germany’s kitchen is spotless, with all the cleaning equipment. The dead bodies are on the periphery and they are not cleaning it up, they are putting a sheet over it and the sheet keeps getting bigger to hide the blood seeping through it. Greece will default. Italy, maybe. In the U.S., we also have dead bodies, only we’ve given it a cup of coffee and we’re trying to have a conversation with it.” -Jerome Booth.

[Gerald McGrew]

So wait....now we hear that Europe really isn't implementing austerity measures?

I wish you guys would get your versions of history straight.

[Coito ergo sum]

So wait....now we hear that Europe really isn't implementing austerity measures?

I wish you guys would get your versions of history straight.

Some European countries are, others didn't have to and/or aren't.

[Gerald McGrew]

Fortunately (for some of us), that question is one that lends itself to a look at the data.

http://www.washingtonpost.com/blogs/won ... an-europe/



So why aren't Greece, Portugal, Spain, and Britain booming?

[Seth]

... if Obama wants another job in 2016 he would be welcome here)

From your mouth to God's ears. How about you take him RIGHT NOW?