99% of it does not even begin to square with simple common sense.
It is accepted not only by the high minded bank/investor types, but also by the "liberal media" that cutting government spending leads directly to economic growth.
That simply makes no sense at all. None. Even ONE SINGLE electronic fire of a single synapse in the brain tells you that government spending injects directly into the REAL economy, and cutting government spending is going to ...
be money lost to the economy.
Now, I am not big into using government to stimulate the economy per se. But, it is simple, factual, common sense reality that if you cut government spending it is going to HURT the economy, not make it magically grow.
Pained myself to watch David Gregory today, and saw the Biden interview. What NEVER gets said when butt munching twits like him are trying to desperately paint the economy in a negative light to prop up the republican's power hungry political agenda is, that while the "sainted" private sector has made up its lost jobs and is now gaining jobs, the reason unemployment remains entrenched is THE LOSS OF PUBLIC SECTOR JOBS, ie, cuts in government spending.
The Rs KNOW this full well.
But, those who comment on it, never want to hold them accountable for very effectively slowing the recovery.
Watched the first part of Fareed Zakaria's GPS, and one of the people he had on talking about Europe noted that since England went with its hard right austerity program, it now is the first major economy to officially double dip recession since this all started.
Won't hear those dot connected with the republican's continuing to drive this all or nothing approach to cutting government spending here in America.
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