SUPPORT PEOPLE OF GREECE AND SPAIN IN REJECTING BANKRUPT POLICY OF AUSTERITY

If I were in Spain or Greece today, I would be joining the protesters against any further implementation of the crazy and discredited Germanic-inspired economic policy of "austerity." 

Helena Smith reports on Greek demonstrations for The Guardian online.  Writes Smith:

"Hundreds of thousands of anti-austerity protesters took to the streets of Greece on Wednesday as the country was paralysed by a general strike in the first mass confrontation with Athens's three-month-old coalition government.
In one of the biggest demonstrations in the capital in recent years, as many as 200,000 marched on the Greek parliament, according to unions in the public and private sector, which called the strike to oppose new wage and pension cuts – the price of further rescue funds from international lenders."

No economists, other than maybe crazy Republicans in the U.S., would subscribe to a policy of cutting government jobs and pensions in an attempt to foster economic growth and prosperity.  Spain and Greece are mired in a deep recession, maybe even a depression.  Now is not the time to impose cuts on people's salaries and benefits.  Now is not the time to put government workers out of their jobs.

Stop this insane and cruel policy of austerity.  Enough of this madness!

GEORGE OSBORNE CUTS GOVERNMENT SPENDING AND PAYROLLS, CASTS U.K. INTO STEEP RECESSION

Prime Minister David Cameron reshuffles his cabinet, but he keeps George Osborne as chancellor of the Exchequer.  The same Osborne who has forced thousands of cuts in public employment, at whose door we can lay Britain's double-dip recession.

This same tactic is what mindless Republicans in the United States wish to do with the American economy.  The mantra of cutting spending harks back to the days of Herbert Hoover when the same opponents of public debt took charge. 

Fortunately, there are some smarter economists in the U.S. today, like Fed chairman Ben Bernanke, who refuse to go along with cutting government spending when the economy is in danger of going back into recession.  But imagine the chaos and economic turmoil if that faker, Mitt Romney, and his side-kick, Paul Ryan, win the coming election!

GREEKS! RESIST THE IMPOSITION OF AUSTERITY!

I urge the citizenry of Greece—don't allow Angela Merkel or François Hollande to impose cruel and excessive cuts on your economy.  Merkel and Hollande are just like Republicans in the U.S.  They blindly and arrogantly insist on cuts that will cause Greece and the rest of Europe to go into steep economic depression, not just recession.

ATTACK AGAINST IRAN WOULD DEVASTATE U.S. MARKETS

Imagine what would happen to the U.S. stock market and economy if either Bush or Olmert attacks Iran:

1. Gold would go from $800 to $2,000 per ounce
2. Stocks in the U.S. would plummet
3. The value of the U.S. dollar would crash
4. Foreign currencies like the Swiss Franc would double in value
5. Oil would go from $130 to $500 per barrel
6. The U.S. economy would go into deep recession if not depression

The U.S. should not be led into a war with Iran by Israel. Instead of keeping "all options on the table," code for bombing Teheran, both Bush and Olmert should publicly declare that neither the U.S. nor Israel will use military force against Iran or its government.