Friday, 25 May 2012 18:27

Austerity Draws Criticism as U.K. Recession Deepens

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"Prime Minister David Cameron faced renewed pressure to do more to spur the economy after figures showed Britain is in a deeper recession than first estimated.

His political opponents said the slump is the result of too much austerity, not the euro-region crisis. Business lobbies and economists said the downturn bodes ill for investment and may make it harder to cut the deficit as tax revenue weakens."

-- Boy, do they not get it.  But as it has been with the realization that Iran is a power to be reckoned with, when they finally do get it, the switch will be immediate and without fanfare. -- Jenna Orkin

Bloomberg article

 

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