Recovery Summer Part IV — opening in theaters near you.
I think the author means “Spain falls FURTHER into recession”.
” - - - On Friday, the government reported that Spain’s unemployment rate hit record high of 24.4%.”
How does that % compare to the true US % of un- and underemployed?
BTW, when WW2 started, the US unemployment rate was above 20 %.
BTW, BTW, with these three solid data points on the abject failure of State-control of National economies, is it NOW high time to reject Keynesian Economics in the USA?
This is good news for Obama! He can (and I suspect will) say “I fixed the economy, it was turning around, out of recession the numbers and the trends were all up! But then the oil speculators started causing problems and Britain and Spain and [insert whoever is next] all went into recession, it dragged us back down.” Anyone’s fault but his.
Total belief in Green Energy
and Marxism leads
to Economic disaster.