Reply #2: When you think about it, no country wants to be criticized or have [View All]

[OHdem10]

others pointing out things to them. We do not either.

However, the Europeans, have taken the Austerity Plan.
Knowing they were in a World Wide Recession, they went
ahead and chose Austerity. Rejecting, Stimulus and a
gradual pattern of cuts, they went for serious cuts.

Guess what just as many warned, this has brought them
frighteningly close to a double dip recession.

Here is the problem with their getting haughty with
Obama and Geithner for suggesting they slow down, do
a little stimulus,stabalize things then restart their
cuts. We are in a Globalization Crisis. What happens
to Europe affects out economy. If Europe gets a cold,
we could get pneumonia. The economies are so entertwined
banking etc. Globalization gives countries the right
to make suggestions. I am aurprised they do not recognize
this in Europe.

The Europeans have decided to take RW Approach. We are
going to be in bad shape anyway so let us create the
pain, hit the bottome and then push the reset button.\
Let just get the pain over with, sounds good, but
because the whold world is involved, they will suffer
just as long as countries who take a more gradual
\approach. Stimulus, Stablaiize, and gradually implement
a savings plan(Cuts in order to solve deficit problem)

We think the Tea Party and Republicans sound nuts, but
actually there is precent for this. They want to make
the cuts, let us endure the pain, then try to dig our
way back to prosperity. Austerity. If Business fail, so
be it, when we re build the country and the economy we
will be stronger. No room for government.

I am with John M. Keynes, When the Private Sector is
paralyzed, the Government is the last resort. Run the
Deficit a little longer, but keep money circulating
through the economy, even if its government jobs.
Gradually, Business will come back and Government
withdrawa. Economists find this plan just as acceptable.

These are the two choices. The Republican Plan,
is accepted by economists and the Keynes Plan
is accepted. Likewise, the Democratic, Keynes
plan, is acceptable.

All in all, I do not see Europenas being ticked with
Obama and Geithner as a big deal. Globalization means
other countries can and will make suggestions.