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View Diary: IMF admits disaster in Austerity orders (85 comments)

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  •  It isn't true repentance (5+ / 0-)

    They have only repudiated austerity with regard to lending to banks and elites.  It is called "Quantitative Easing."  They still support structural adjustments. Structural adjustments are austerity against ordinary people, like cutting pensions, and eliminating social welfare programs. privatizing services, like public education.  In the elite, neoliberal, mind what Obama has done is not austerity, because it bails out the people that caused the crisis but still cuts all programs for the victims.

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