Friday, April 22, 2011

Trigger Happy

"But politicians can read polls, and they know that those proposals are extremely unpopular. So they've stopped offering them directly and are hiding behind the "trigger" mechanism instead. We are already seeing evidence that the austerity economics program is hurting the British economy in pretty much the same way that we would expect it to hurt ours."



..."Retail sales plunged 3.5 percent in March, the sharpest monthly downturn in Britain in 15 years. And a new report ... forecasts that real household income will fall by 2 percent this year. That would make Britain's income squeeze the worst for two consecutive years since the 1930s."...



"When politicians hide that kind of agenda behind a Rube Goldberg device like the trigger, they're just compounding bad judgment with political cowardice. No wonder they're are all anybody can talk about in Washington this week. "


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