Quote:
Originally Posted by Margaret Pilkington
Helloooooooo......there is a recession on everywhere.....not just in this country but all over the world......if people haven't got money they don't spend, if they don't spend, then it isn't worth making stuff.....if it isn't worth making stuff because nobody is buying , then companies lay off workers...or worse still go bust.
You want us to spend our way out of a recession? What with?
The last government spent all the readies......they left the tin box empty.
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Not quite everywhere ...
And it is not only democratic socialists who don't accept that cuts by themselves are the only remedy for economic problems. S&P ... not a hotbed of radical socialism ... suggest that a blinkered focus on cutting is not the way out; there has to be growth. And government has to put money into it. Many criticized President Obama for his bail out of the US auto industry; but it worked. Or, at least, succeeded more than it failed.