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BRUSSELS (AP) — European countries should ease off their austerity and adopt more growth-friendly policies, U.S. Treasury Secretary Jacob Lew said Monday as he kicked off a series of meetings with the region's top leaders.

America's biggest trading partner and the world's largest economic bloc has entered the fourth year of a debt crisis, which has plunged many of the 27 EU nations into recession. The U.S. administration hopes Europe will relent in its focus on debt reduction, which has been hurting growth through spending cuts and tax increases. http://bigstory.ap.org/...

Wow, what great advise, perhaps Lew should tell the President to relent in his focus on debt reduction at home.

This galls me as it should everyone. This is beyond doublespeak. Obama is on the one hand pushing a grand bargain for us and simultaneously advising European nations to put the breaks on austerity.

Many have used the word stupid to describe the President's Chained CPI budget proposal on both policy and political grounds. In light of the above, I join you and go one step further, his budget proposal is contemptible.

Whose legacy is more important anyway, a president's or the people's he was elected to serve?

I've read many people's and pundit's reasoning for the President's move, but frankly, not one comforts me.

We are on the brink of compromising away the backbone of our society, the middle-class. I fear after thirty years of economic erosion, this could be the proverbial feather; opening the door to more cuts to the big three in future.

Make no mistake about this; more austerity will take us down, deepening and lengthening the U.S. depression and the pain will be shared by all, except those wealthy who are economically immune and stand to benefit from the sacrifices; especially if the Fix the Debters get their territorial protection and lower corporate tax rates from Sen. Baucus and company.

Why, I must ask the White House?

"Let the tax cuts expire," many more economically astute than I screamed to no avail last fall. And poll after poll demonstrates that we, the majority of the American people, would prefer paying more in taxes than cutting Social Security, Medicare and Medicaid.

Well, the White House blew that negotiation as it did the healthcare battle before, no public option or Medicare expansion.

Are we to be willing hostages of the ruling class who have the President's ear?

I don't think so and the polls coming in suggest that an overwhelming majority of those polled thus far oppose the CPI cuts as well.

If the CPI is enacted, the people's revenge will be heard at the ballot box in 2014. Independents broadly oppose the measure and who swings elections?

I'm calling and writing congress-critters, please join in and tell them to take Treasury Secretary Lew's advise and say no to austerity at home.

Please see the many good diaries in the group: Pushing back at the Grand Bargain.

Originally posted to smiley7 on Mon Apr 08, 2013 at 01:05 PM PDT.

Also republished by Pushing back at the Grand Bargain.

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Comment Preferences

  •  Tip Jar (7+ / 0-)

    "Lets show the rascals what Citizens United really means."

    by smiley7 on Mon Apr 08, 2013 at 01:05:16 PM PDT

  •  Republished to the (4+ / 0-)

    blogathon group. Thanks, smiley7.  Yes, this is a wtf moment with the advice to Europe, huh?

    blogathon_HellNo_01
    DailyKos Blogathon -- Week of April 8th
    (Pushing back at the Grand Bargain group)



    SS_Medicare_Medicaid

    1. Call your senators and representatives and tell them "Hell No!" with a priority on contacting senators.  U.S. Capitol Switchboard at (202) 224-3121.  You can find email contact information here

    2.  Contact the White House and tell them "Hell No!".  Switchboard: 202-456-1414.  Email contact page is here.

    3.  Petitions.  There are a number of petitions available.  Choose from the following or preferably sign them all.

    a. White House petition calling for no cuts to Social Security.
    b. AFL-CIO petition calling for no cuts to Social Security, Medicare, Medicaid and calling for more jobs, repealing the sequester and ending tax loopholes for the wealthiest individuals and corporations.
    c. Sen. Harkin's petition telling Pres. Obama not to cut Social Security.

    4. Social Media.  Share this diary and promote this blogathon on Facebook and Google+ using the buttons at the top of the diary.  Send this out on Twitter and add the hashtags #HellNo and #NoGrandBargain.


    "Justice is a commodity"

    by joanneleon on Mon Apr 08, 2013 at 01:12:00 PM PDT

  •  It's shit like this that makes me not believe (2+ / 0-)
    Recommended by:
    smiley7, joe shikspack

    a damn thing coming out of politicians.

    Don't they want voters to trust them???

    Apparently not in my lifetime.

    I am much too liberal to be a Democrat.

    by WiseFerret on Mon Apr 08, 2013 at 01:35:28 PM PDT

  •  Not exactly doublespeak... (2+ / 0-)
    Recommended by:
    smiley7, Mary Mike

    I truly understand where' you're coming from and am extremely upset with Obama's proposed budget, at least as it concerns SS and Medicare.

    However, we should keep in mind a couple of points:

    1) What are the first weapons out of TP mouths when we talk about the economy has Democrats? Greece, Spain, and Italy, all countries the EU is making adopt limits on spending.

    2) When other countries in the EU speak out about "living within means" it has an affect over here, too.

    3) One of the PRIME austerity-mongers is Angela Merkel. Germany is heading into elections soon, and in an election test, her party did poorly. France and Germany are the primary elements behind economic policy in the EU. Hollande of France is a huge supporter of growing our way out of the recession, Merkel wants cuts.

    So it's not surprising Lew would say what he did. If we can get Europe moving a more growth-oriented direction, that could have big benefits here as well.

    What separates us, divides us, and diminishes the human spirit.

    by equern on Mon Apr 08, 2013 at 02:26:04 PM PDT

    •  With respect to living within means relative to (2+ / 0-)
      Recommended by:
      jabney, Mary Mike

      past U.S. GDP, and compared to, as an example Japan's position, we are okay and have room to spare so deficit reduction is smoke and mirrors.  And I agree  "If we can get Europe moving a more growth-oriented direction, that could have big benefits here as well."

      Which brings me back to why offer CPI in his budget?  I don't buy that this is to appease Republicans. I think it's to appease Peterson, Bowles and company.

      "Lets show the rascals what Citizens United really means."

      by smiley7 on Mon Apr 08, 2013 at 02:41:16 PM PDT

      [ Parent ]

    •  are the tea partiers so powerful that obama... (1+ / 0-)
      Recommended by:
      smiley7

      needs cover from europe to enact a stimulus plan?  sounds unlikely.  certainly the land of "freedom fries" is not a place that tea partiers especially respect opinions from.

      obama doesn't need cover from europe.  he needs to start telling the truth.

      i'm part of the 99% - america's largest minority

      by joe shikspack on Mon Apr 08, 2013 at 04:12:30 PM PDT

      [ Parent ]

      •  Nope. Not the point. (1+ / 0-)
        Recommended by:
        smiley7

        The point is that Obama has no one to work with on the continent except Hollande, and as you mentioned, French policy has little impact over here. However, if the GERMANS or the BRITS were to sing a song of growth, that would give him people to work with.

        Like I said above, I think Obama is lost in the clouds of his own thinking. I don't think it's a question of the "truth", I think he's telling the truth as he sees it. It just isn't a reality that the rest of us believe is real.

        What he REALLY needs are people who can show him why and how his thinking will cause more harm than good. He THINKS a "grand bargain" will allow us to move on to other things. He doesn't understand that even if he were to obtain this dream, the GOP would just devise more ways to entrap, ensnare, and confound him.

        Obama just isn't the perceptive person we've been lead to believe he is, he wants to be liked by the GOP members of congress, and that is continually his undoing.

        When he gave his SOTU address we had hope that we were seeing the "real" Obama, but we weren't. He more concerned with the concept of "dysfunction" than the harm he might cause by trying to avoid it.

        What separates us, divides us, and diminishes the human spirit.

        by equern on Tue Apr 09, 2013 at 12:18:17 PM PDT

        [ Parent ]

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