Monday, May 7, 2012

US vs. EU

It was interesting to see the economy report on the news tonight. When France elected a Socialist leader, it caused 401Ks to drop drastically. This made the news show the difference in what the US government did to help the economy afloat in 2008 vs. what the EU governments did.

While the US had the bailout and increased government spending, England, France, and Germany chose to cut what they could only. Today, the US is as much out of trouble as it really could be while the big three are facing double dip recessions and/or high unemployment.

Looks like 10 points to the Democrats.

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