This is a MUST READ from Nobel Prize winning, liberal, economist, Paul Krugman, writing in his NYT op-ed blog. Check it out!
Osborne and the Stooges – NYTimes.com.
Despite all the hard evidence from mainstream economists and the IMF, the UK media is trying to portray George Osborne as a hero. Why?
Just try to imagine the economic and social damage that George Osborne’s policies of excessive austerity have done to the UK? (according to Oxford economist, Simon Wren-Lewis it’s equivalent to circa 6% of GDP over the term in office)
George Osborne is being portrayed as a hero because the UK is supposedly recovering.
It is recovering because there is a pre election boom based on housing and consumer spending.
Most of the public can afford to go on holiday,eat the odd Indian meal and buy cheap beer.
So George Osborne can take credit for that and for being more right than Miliband who is someone they dislike.
When this boom ends and the “frogs start to be boiled again”,George Osborne will suddenly become less popular.
We only have to wait until the 15th of May 2015,just 8.5 months from today.
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