Thanks to Bush and Obama: We can look forward to the great depression of the XXI Century

Yes, sport fans, it's all true: Between "W" Bush and Obama, these two morons have completely succeeded in destroying our fragile economy! The stated priorities of the Obama economic package were health, education, renewable energy, investment in infrastructure and transportation. At first sight, the budget proposal had all the appearances of an expansionary program, a demand-oriented "Second New Deal" geared towards creating employment, rebuilding shattered social programs and reviving the "real" economy. Unfortunately, the realities are otherwise. Obama's "promise" is based on a mammoth austerity program. The entire fiscal structure is shattered and turned upside down. To reach his stated objectives, a significant hike in public spending on social programs, including health, education, housing, and social security would be required, as well as the implementation of a large-scale public investment program. Major shifts in the composition of public expenditure would be required, requiring a shift out of military-related spending in favor of civilian programs.
To read the rest of this story, please click on my heading, or visit
global research.ca