March 18, 2018
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Comments for: Could Europe decide America’s election?

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  • tag

    Obama has attempted to give us his vision for our economy – European style socialism. It is not a surprise to any of us who understood this in 2008 that our economy would start to look more and more like Europe has for the past few decades with high unemployment and stagnant growth. Now we are seeing our future economic realities played out in Europe (and California). 

  • Anonymous

    “Without the personal intervention of Obama, one Washington insider suggested, former Spanish Prime Minister Jose Luis Rodriguez Zapatero might never have accepted that his troubled economy could no longer sustain its economic stimulus and needed to confront its budget deficit.”
    “Obama’s defenders argue that the recession in several European countries provides proof that his aggressive stimulus effort saved the United States from a deeper slump.”

       With all due respect to the unknowable Washington insiders, the President cannot have his cake and eat it to. Either deficit spending works to stave off worsening slumps in both Spain and America or it doesn’t. The problems are evident in Europe that their deficit fixation has horrible costs in the form of deep unemployment and stagnation. Unless we’re at war with Spain, Obama cannot take credit for pushing Spanish austerity measures which worsened their problems, then turn around and credit his administration’s stimulus plan at home.

  • Anonymous

    You completely misread the facts. European deficit fixations is what deepened their problems. The GOP solution to our own economic woes would be similarly foolish and counter-productive.
    The EU has attempted to fix their deficits as a means of fixing their economic problems. They have done so by slashing government expenditures, dramatically decreasing funding for what you call “European style socialism”. This has resulted in huge increases in unemployment and poverty in the affected countries (Spain, Greece). What we are seeing in Europe has to do with conservative economic “solutions” that make  things worse. It has nothing to do with imaginary communist plots.  

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