Wednesday, June 29, 2011

Can I Be The "Rabid Faux St. Bernard of Freedom"?

A bit of whimsy on a day that could really use it, here's a video about a dog whose human has apparently been spending a lot of time protesting the ridiculous and dreadful measures the Greek government is taking to avoid offending its own rich and the bankers:

You go there, little buddy. Just don't drool and walk erratically in front of The Man. Take it from me, it makes him nervous.

(h/t: Lambert at Corrent)

UPDATE: David Dayen's article on the Greek Parliament passing the austerity package today contained an observation that is worth passing on:
Nobody is really saying that this privatization and austerity push will improve the economy in Greece. That’s not the issue at hand. They passed the bill because it was the stick-up demand made by their creditors. As a result, we can expect the economy to only get worse in Greece. The last round of austerity both harmed the economy and led to a LARGER budget deficit, as tax revenues fell. Tax collection is the major problem in Greece, not spending, incidentally. So you can increase as many taxes as you want, but unless you put together some credible measure to collect them (and instead, state agencies that do the tax collection have been gutted, so that’s not happening), they will be ineffective. So if this austerity follows the same track, we’ll be right back here next year, with Greek still at risk of default, and the country’s citizens materially worse off. European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy’s ludicrous joint statement, which includes the line “The country has taken an important step forward along the necessary path of fiscal consolidation and growth-enhancing structural reform,” is just not credible.

Greek Parliament Passes Austerity Package
I added that emphasis, because as far as I'm concerned that's the smart bet. I see nothing to suggest otherwise. Why Greek's politicians are ignoring this rather obvious train of thought is difficult to say, but I suspect it has something to do with their leaders being like ours - people who will not be feeling the pain of the austerity no matter how bad it gets - and this is the path of least resistance for them.


Paul Sunstone said...

The New York Times, America's allegedly most Liberal newspaper, is sadly reporting the Greek austerity measures as necessary to reduce the Greek deficit. As if measures that wound their middle class are going to stimulate their economy.

Cujo359 said...

It's been very discouraging to watch the press's coverage of this, and not just the U.S. press. The Beeb, and even Al Jazeera at times, speak in terms that suggest that the Greeks have absolutely no option but to sell off what they own and sell out their middle class.