This is the impact of delivering a stimulus or not. It's called employment, or not.
Or the difference between Obamanomics and Osbornomics:
The source is here.
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unfortunately the US labour participation rate is at an aal-time low. that could be factor as well.
Mr Murphy
This graph shows total employment in the United States and the Eurozone. Could you please clarify how Mr Osborne’s policies, as treasury secretary of Great Britain, have any impact one either of these much larger economic entities.
Let me say ECOFIN June 2010 in reply
Is ECOFIN not an EU body, rather than Eurozone?
And what about June 2010? From a quick check of the outocme of the meeting i find the UK mentioned precisely twice: once to say Mark Hoban was at the meeting, and once to say the UK had decided not to join the Euro. Neither of which indicates a huge amount of influence over the Eurozone.
Unless you mean the 2020 strategy, which again seems to have been decided by ECOFIN as a whole rather than the UK.
Selective memory does no help you
Obama has bet the house on Keynesianism & it seems to be working.
Problem is that Germany has bet the house on Kayekism & it seems to be working FOR GERMANY. it doesn’t work for anyone else !
Why is it that we are warned that spending cuts would be a disaster for the US economy if they DID happen and a disaster for the UK economy if they DIDN’T?
By the way, I see Vince Cable said you were wrong about Starbucks.
I’m on record as saying Vince Cable is wrong about a great many things
But he’s right this time.
If he is I look forward to the class action against Starbucks for 15 years of UK business losses wilfully sustained