Spain in 2012 typifies the old expression concerning being caught between a rock and a hard place. Unemployment is over 25% and for those under 30 it is much higher. The government is cutting, cutting, relying on austerity and concerned if anyone will even loan a dollar to the government. Prime Minister Mariano Rajoy warned there is a “serious risk that investors will not lend us money or they will do so at an astronomical rate.” So, what to do?
The answer is clear to Angela Merkel, to David Cameron to Mitt Romney, to the Republican party– just cut government expenditures, lower taxes on the wealthy, and let a few people reduce calorie intake in order to end obesity and end rising debt. Of course, there is absolutely no evidence this approach will work, but it certainly looks great to the “job creators”of the modern world.
Somehow, it is still a bit unclear which type of jobs they are creating and for whom are those jobs? In the meantime, cut out the food.