Ireland now finds itself in quite the conundrum (thank you china and the stimulus package because you're responsible for a lot more jobs (sustaining of course) than anyone will ever give you credit for) after pursuing the types of austerity measures that, despite the dissent of a certain world leader, the g20 has agreed to pursue. so tip your hats to Ireland all you self made supply side economists but just look what common sense has done for Ireland (where they'll be lucky to lure international investment for the next 20 years). I'm sure those are the people who will come crying for the middle and lower class if the U.S. or Europe find themselves in similar situations. see for yourself:
http://www.nytimes.com/2010/06/29/business/global/29austerity.html?pagewanted=1&ref=global-home
Monday, June 28, 2010
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