The GOP are peddling austerity as a means to promote job creating confidence in the business community. They believe that Germany and Europe are on the right track and want the US to join them. All the austerity-produced confidence in the world will not produce any jobs if you and I lack the income (purchasing power) to buy what business is selling. Confidence and $5 will buy a burger and fries; confidence alone will buy nothing.
- Austerity crushes UK economy more than previously thought (americablog.com)
- Long live austerity (bell-book-candle.com)
- Did Republicans deliberately crash the US economy? | Michael Cohen (guardian.co.uk)
- BOTT report May, 2012 (bell-book-candle.com)