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Spanish Protests, German Prescriptions
New York Times, by Editors

Original Article

Posted By:jackson, 10/2/2012 8:30:26 AM

Demonstrators have been filling the streets of southern Europe’s capitals in numbers too large for politicians to safely ignore, protesting the latest economic austerity measures. Hundreds of thousands have turned out in Lisbon, Madrid and Athens, and more such protests are likely in coming days. The public’s patience is running out on austerity policies demanded by the German government and European Union leaders, which have conspicuously failed in their stated goal of reducing debt burdens and paving the way for economic revival.

Comments:
The Times thinks Europe needs to spend its way out of debt. The Times think that the US needs to spend its way out of debt. How stupid is the Times?

      


Post Reply  

Reply 1 - Posted by: GreatGreyhounds, 10/2/2012 8:40:51 AM     (No. 8903803)

Well, the NYT has the Nobel Laureate, Mr. Krugman on their payroll.

Guess that explains their lack of knowledge about economics...

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Reply 2 - Posted by: dotonbut, 10/2/2012 9:42:02 AM     (No. 8903928)

Spain spent and borrowed too much, lowered the retirement age, wasted billions on "green energy", made other bad decisions and now the bill is due. The NYT says austerity measures are out of the question and Germany, which has a much higher average retirement age, must pick up the bill. Oh, and the German banks that loaned Spain the money they requested and agreed to pay back are the bad guys. Many of the comments following the article agree.

I try to temporarily twist my reasoning to understand their position but I just cannot.



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Reply 3 - Posted by: MickTurn, 10/2/2012 11:47:13 AM     (No. 8904202)

Well Spain, Greece and the rest of you, either you take your medicine or you on your own!

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