Austerity in Europe Didn’t work. Why do Republicans want to try it in the USA?

The Republican Party leadership and most of its hacks want the USA to follow Europe into recession by cutting back on government programs. The result of such policies in Europe have been a disaster for most Europeans.

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Even the IMF Agrees with Europe’s Anti-Austerity Protests

“In a spectacular display of widening popular discontent, strikes and anti-austerity protests broke out across the eurozone on November 14—the first time there has been broad coordinated action in multiple countries simultaneously since the beginning of a crisis rooted in the design failures of the European Monetary Union. General strikes in Spain and Portugal closed car plants and shut down other industries, drastically curtailing mass transit from Barcelona to Lisbon. There were strikes and huge demonstrations in Greece and Italy. Even in France and Belgium, countries less immediately threatened by the creeping debt crisis, big rallies were staged.” –The Nation

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The IMF Agrees With the European Anti-Austerity Protests–the Nation

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Rage in Spain as the 99 Percent Begin the Revolution Against the 1 Percent

People are pouring into the streets of Madrid and other Spanish cities to let their leaders know what they already know; budget cuts and austerity programs are not working. With unemployment skyrocketing (above 20 percent) amid the second recession in four years, people are saying they’ve had enough of the conservative bull shit lies and government measures that reward dishonest bankers while destroying the Spanish economy.

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Nobel Prize Winning Economist Paul Krugman: Obama ‘screwed up’ the ‘private sector is fine’ line

New York Times columnist Paul Krugman criticized President Barack Obama Monday morning for his much discussed “Private sector is doing fine” quote.

“That was an unfortunate line,” Krugman said. “The president bungled the line. The truth is, the private sector is doing better than the public sector, which is not well enough.”

The Nobel prized-winning economist explained how the president was technically correct in comparing the private sector numbers to its anemic public sector counterpart, but further added how Obama was clumsy with his words.

Click the link below for Krugman’s analysis of the coming election, as well as possible Eurozone collapse.

click here for the story and video of Krugman

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The protests continue in Spain where the Police use excessive force

The protest continue in Spain! Several protests against high unemployment and income inequality broke out in Spain last weekend. The police reportedly used force against peaceful protesters in the legendary square Puerta Del Sol.

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Market jitters all round as eurozone woes return

Markets rattled as the Eurozone faced the renewed Euro crisis. In Ireland, the people have decided not to pay a property tax earmarked to save the banks and rich investors from their own stupidity and bad investments in mortgage backed bonds.

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Spain in Revolt Via a General Strike Over Austerity Measures

Everybody with a quarter of a brain knows that when a government cuts spending during an economic crisis the crisis deepens, shifting more people onto the poverty rolls, wiping out the tax base and cutting more jobs via school, police and fire departments.

In Spain, the people have had enough of the bullshit, they’re out in the streets engaged in a general strike. Business has been brought to a standstill in Madrid, Barcelona and other cities. Occupy Spain!

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Europeans migrate south as continent drifts deeper into crisis

Since its conception, the European Union has been a haven for those seeking refuge from war, persecution and poverty in other parts of the world. But as the EU faces what Angela Merkel has called its toughest hour since the second world war, the tables appear to be turning. A new stream of migrants is leaving the continent. It threatens to become a torrent if the debt crisis continues to worsen.

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