'Tax and axe' Europe Challenges Obama Strategy

The above title is my latest article just published here by Troy Media (Canada). Here's an excerpt:

Is it the irony of ironies? While ‘socialist’ Europe increasingly adopts economic austerity measures, the Obama White House continues to pursue a diametrically opposed economic trajectory, taking ‘capitalist’ America further down the path of Keynesian high public spending and further market intervention.  

As Erskine Bowles, co-chair of the president’s debt and deficit commission, was calling the current US budgetary trends a “fiscal cancer” that “will destroy the country from within”, the major EU economies were queuing up to raise taxes and pull the plug on national public spending programs.

Also did a 10-minute radio interview this afternoon for the Gary Doyle Show on something called 570News in Canada based on my previous piece 'BP and Union Carbide: A Tale of Two Moralities" (see Articles).

Comments

[Mitchell]

When Europe starts to lecture us on the excesses of socialism you know we are in danger. Toronto, Canada.