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Austerity

Kennyboy66 · 2013-04-22 12:37:49

PIMCO (the worlds largest Bond buyer) adds it voice to doubts about cutting investment spending."The UK and almost all of Europe have erred in terms of believing that austerity, fiscal austerity in the short term, is the way to produce real growth. It is not. You’ve got to spend money." Bill Gross (CEO) Still, George…

Comments

Thrugelmir Posts: 89,546 Forumite

25 April 2013 at 7:26PM

lemonjelly wrote: »

Not at all. I feel that with no growth, the so-called strategy is doomed to failure.

In addition, I think the revisionist arguement of the coalition that they are the ones to be trusted with the economy, & the bad labour people can't manage appears to be somewhat false given that the figures are worse now, after 3 years, than they were when the current government forced their way in.

It's yesterdays policies that are causing the impact today. Takes years to create something, but 30 seconds to bring it crashing down.

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