[lbo-talk] European cities hit by anti-austerity protests (correction)

[Eric Beck]

With the requisite caveats--that the loudest opponents are absolute
cretins and that the package did quite a lot of good--it's not totally
ridiculous for US workers to be critical of actually existing stimulus
packages: the administration predicted 8% unemployment but it's
settled a bit under 10%; piddling tax cuts and one-time payments for
most people; tax credits (e.g., college tuition) that are useless for
many; long-term unemployment is still a huge problem; etc. If this is
the result of stimulus, then it's really not hard to see why people
are against it.

On Wed, Sep 29, 2010 at 1:29 PM,  <123hop at comcast.net> wrote:
> This is probably because they have been convinced that further stimulus will lead to hyperinflation.