Quote:
Originally Posted by Eric
Just read an article in the local rag to the effect that in the EU elections there seems to have been as shift to the right!!!!! Don't people on that side of the pond realize that it is right-wing, laissez faire style economics which got us into this mess in the first place? While sensible voters over here, both in Canada and the US, are moving to the centre-left to solve the crisis, Europeans seem to be heading in the other, and I think wrong, direction ... some would argue that govt. intervention in private companies is wrong .... but I feel comfortable with the fact that the govts. of the US, Canada, and Ontario are pumping in billions of bucks to stabilize, and, I hope save the automotive sector which, as any economist will tell you, is about much more than just making cars.
|
No doubt at all that the center left in Europe is being blamed for the economic situation... I agree with you about intervention..if this Government had done nothing to bail out the banks and let the man in the street lose any money they had in those banks there would have been chaos, and I mean real aggro...there was no alternative as far as I can see.