Austerity is a crock: Here is why!

Capitalism runs on sales. In survey after survey, we find that the Number One reason businesses are slow to hire and invest in new plant & equipment is a lack of demand for the things they produce.  Businesses hire and invest when they’re swamped with customers.  See this story in The Wall Street Journal.

With Austerity and Sequester, we put people out of work and reduce the sales people can make.  Europe has been on the solid austerity program for 5 years and things are just getting worse and worse.

http://www.alternet.org/economy/10-reasons-austerity-crock?akid=10410.294211.ENUECe&rd=1&src=newsletter836553&t=8