{"id":184455,"date":"2012-04-25T20:01:00","date_gmt":"2012-04-26T01:01:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/04\/25\/yeah-austerity-works\/"},"modified":"2012-04-25T20:01:00","modified_gmt":"2012-04-26T01:01:00","slug":"yeah-austerity-works","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/04\/25\/yeah-austerity-works\/","title":{"rendered":"Yeah, Austerity Works"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/i.imgur.com\/Lvngy.jpg\" style=\"cursor: pointer; float: right; margin: 0px 0px 10px 10px;\" width=\"380\" \/>The <a href=\"http:\/\/krugman.blogs.nytimes.com\/2012\/04\/25\/camerons-remarkable-achievement\/\">UK is officially back in recession<\/a>:<\/p>\n<blockquote style=\"color: blue;\"><p>When David Cameron became PM, and announced his austerity plans \u2014 buying completely into both the confidence fairy and the invisible bond vigilantes \u2014 many were the hosannas, from both sides of the Atlantic. Pundits here urged Obama to \u201cdo a Cameron\u201d; Cameron and Osborne were the toast of Very Serious People everywhere.<\/p>\n<p>Now Britain is officially in double-dip recession, and has achieved the remarkable feat of doing worse this time around than it did in the 1930s.<\/p>\n<p>Britain is also unique in having chosen the Big Wrong freely, facing neither pressure from bond markets nor conditions imposed by Berlin and Frankfurt.<\/p><\/blockquote>\n<p>Yep, the UK is now doing officially doing worse than it did in the great depression.<\/p>\n<p>Why is <b>anyone<\/b> still listening to the austerity monkeys?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK is officially back in recession: When David Cameron became PM, and announced his austerity plans \u2014 buying completely into both the confidence fairy and the invisible bond vigilantes \u2014 many were the hosannas, from both sides of the Atlantic. Pundits here urged Obama to \u201cdo a Cameron\u201d; Cameron and Osborne were the toast &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,984,1089],"tags":[],"class_list":["post-184455","post","type-post","status-publish","format-standard","hentry","category-economy","category-europe","category-recession"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184455"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=184455"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184455\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=184455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=184455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=184455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}