by Robert Reich
Not only is the United States slouching toward a double dip, but so is Europe. New data out today show even Europe’s strongest core economies – Germany, France, and the Netherlands – slowing to a crawl.
We’re on the cusp of a global recession.
Policy makers be warned: Austerity is the wrong medicine.
vruz: austerity is saving money in lifesavers when your boat is sinking and passengers are floating adrift.