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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (146167)10/10/2014 11:44:55 AM
From: ChinuSFO  Read Replies (2) | Respond to of 149317
 
You need to decide what your line of reasoning is. Furthermore, you need to believe in what you say and stand behind it without wondering "if you are right or wrong" This has been a consistent pattern in your posts. You come back asking for apologies.

When stocks rise, your reasoning is that it benefits the 1%, but the condition of the 99% is not reflected in those stock market figures. They remain unemployed and are suffering Now that the stock market is down with the dollar rising and gas and gold falling and employment increasing, you are so engrossed in seeking a reason to prove yourself right, that you point to the stock market and claim the economy is not good and it is crashing.

So you are one confused person, wearing colored glasses and desperately seeking accolades. Trying to show off you are right without being right in reality.



To: RetiredNow who wrote (146167)10/11/2014 2:09:31 PM
From: tejek  Respond to of 149317
 
Another country with a 'prudent' fiscal policy gets into trouble.

Finland's Squandered AAA Prompts PM Plea for Action

Stubb, who said in August Finland is caught in a “lost decade,” now faces a possible confidence vote over his handling of fiscal policy from the euro-skeptic The Finns party. Another opposition party has said it may seek early elections. The 46-year-old oversees an economy whose gross domestic product is 6 percent below its 2008 level with public debt set to almost double in the decade through 2017, according to S&P.

Held up as a model of prudent fiscal policy at the height of Europe’s debt crisis just three years ago, Finland has emerged as one of northern Europe’s weakest economies. The government needs to revive a manufacturing sector whose main growth engines -- a technology industry once led by Nokia Oyj and paper producers -- are faltering after years of decline.

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Finland’s government has pushed through austerity policies equivalent to 2.8 percent of projected 2018 GDP, delivering 6.4 billion euros ($8.1 billion) of spending cuts and tax increases since 2011 in a bid to keep its AAA rating, according to the Finance Ministry. Government debt will breach the EU’s 60 percent-of-GDP rule next year, compared with 33 percent in 2008.