I can’t support either Presidential candidate for a lot of reasons, but this is at the top. Even the most staunchest conservative and capitalist cheerleader in the world would have to agree that you can’t have a stable capitalist system unless you punish fraud and criminality. This is why you can’t take either of candidate seriously when they talk about protecting the middle class, because neither man has lifted a finger (Obama), or has talked about lifting a finger (Romney), to punish the people who wrecked the economy.
Nigel Farage of the UK Independence Party scolds the European Parliament for the “humiliation” being forced upon Greece and the warnings this holds for other debtor Eurozone nations like Portugal and Spain.
“Greece is a nation-state, with a history, with a soul. They are suffering. They have a youth employment of 50%! Of course, because they’re in the Euro! These people are being driven into humiliation and desperation. Desperate people do desperate things.”
Juan Somavia of the International Labor Organization gives a short recap of the global jobs crisis and how austerity and bond market appeasement has disturbing consequences. And of course the CNN reporter asks questions that are riddled with the same inaccurate talking points that dominate the current discourse.