There’s a reason they call them ‘idiot lights’

David Cameron at the OU

And of course austerity politics sucked all the oil/disposable income out of the economy, the engine’s out of oil AND THAT’S WHY THE DASHBOARD IDIOT LIGHT IS ON, you fucking idiot!

David Cameron has issued a stark message that “red warning lights are flashing on the dashboard of the global economy” in the same way as when the financial crash brought the world to its knees six years ago.

Writing in the Guardian at the close of the G20 summit in Brisbane, Cameron says there is now “a dangerous backdrop of instability and uncertainty” that presents a real risk to the UK recovery, adding that the eurozone slowdown is already having an impact on British exports and manufacturing.

His warning comes days after the Bank of England governor, Mark Carney, claimed a spectre of stagnation was haunting Europe. The International Monetary Fund managing director, Christine Lagarde, expressed fears in Brisbane that a diet of high debt, low growth and unemployment may yet become “the new normal in Europe”.

And of course the solution will involve…. more austerity!

2 thoughts on “There’s a reason they call them ‘idiot lights’

  1. Of course it means more austerity. Because when Susie talks about uncertainty hampering the economy, she is talking about financial insecurity of most consumers. Whereas shitforbrains prepschoolfop here is only concerned about uncertainty for the businesses and financial institutions. So more bailouts for them, which means more debt for the public, which means more crushing austerity (go ask Ireland how that works, saving privately owned Irish Banks to which the Anglo/Franco/Bundes Banks had lent irresponsibly)

  2. Austerity takes on many forms. The US has spent $1 trillion $500 billion dollars over the past 11 years fighting the wars in Iraq and Afghanistan. Every penny of that trillion and a half dollars has been borrowed money that was added to our national debt. What if we had spent that $1.5 trillion dollars creating good paying jobs for people who would then pay taxes and not require federal subsidies? Wouldn’t our national debt have gone down? And wouldn’t the mess that we’ve created in the Middle East not have been made? Thanks neo-con/Zionist interventionists for your outstanding foreign policy and the austerity it brought to us so that the 1% could pay virtually no taxes.

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