[quote]MaximusB wrote:
[quote]Zeppelin795 wrote:
[quote]MaximusB wrote:
Zeppelin,
Can you tell me one Leftist place in America that is doing well ?
How about one Leftist place that is not flirting with bankruptcy ?
Europe tried it, FAILED.
NY, NJ, CA, Chicago, Detroit, all FAILED.
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You can look at the Bank of North Dakota which is run by the state and failed to bankrupt during the 2008 meltdown. By the way it actually did quite good during the meltdown. This is a specific example of how a structure run for the benefit of everyone instead of profit for the shareholders can be quite successful. Europe is currently trying the neo-liberal economic position of austerity and it is pushing them back in to recession. I watched a videos of 2 conservative business people and a conservative host claiming that Europe needs to give austerity a chance. Where are these fools now? Ecuador was brought out of recession in 3 months with public spending - a oft looked at leftist economic model.
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The Bank of North Dakota ? I think you mean the Credit Union of North Dakota. I am not opposed to using a Credit Union, just call it for what it is.
How did Europe get to where it is now ?
1/3 of a country’s citizens working for the government, collecting a pension, retiring at 50 ? These countries do not have massive military war machines the way we do.
Europe has massive government, huge taxation and regulation, Global Warming laws, high speed rail, government healthcare, and all went broke and sport massive unemployment.
Our governor touted Spain as the model to follow, Spain has an unemployment rate of 35%.
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No I believe it is called the Bank of North Dakota.
The countries that are effected least by this recession are Germany and Scandanavia. Both countries have more government assistance than the rest of Europe.
The fact that Europe doesn’t have the huge military machine of the U.S. is only more of a reason we need to scale back military spending.