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Reply #2: Iceland's handling of the Financial Meltdown, is the way Europe [View All]

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sabrina 1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 06:34 PM
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2. Iceland's handling of the Financial Meltdown, is the way Europe
and the US should have handled it. Instead, Europe is still trying to bail out the banks and impose 'Austerity' programs on the people forcing them to pay for the corruption of the Financial Industry. And that is what is being pushed here also. Social programs did not cause the Meltdown. Why are they even being discussed in the same conversation?

Any politician who goes along with cuts to social programs, should start rethinking that position. It was the genesis of this movement which started in Europe and is now here. Not surprising to see Iceland at the top of the list. They refused the Global Capitalist 'Shock Doctrine' attempt to use the Financial disaster to privatize Social Programs, arrested the criminal bankers and their corrupt Government official, and elected a new government. Iow, they listened to the people. Their economy is now on the rebound, proving that bailing out corrupt institutions only leads to more disaster.

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