Christmas shoppers walk along Oxford Street in central London. (Photo: REUTERS/Olivia Harris)
We get reaction from Brits hanging out on this holiday in an East End pub.
They’re not happy about the potential for a global economic fallout, but they also don’t believe it will actually happen.
Why the Brits are not concerned about the Fiscal Cliff—that’s easy to answer. The fiscal cliff is promoted by Republicans looking to scare. And by TV anchors looking for a dramatic hook. Consider some good things about going down the cliff—cut in spending for implements of war, such as guns, cluster bombs, war planes. We get rid of the hated Bush tax cuts. There is no grand bargain, where Pres. Obama, being a nice guy, agrees to Republican demands to chain cost of living for Social Security. So please, editors of The World, stop your drumbanging that the world will end, or that the US economy will tank.
Totally misleading segment. Here’s the test: What have people been calling the economic policy followed by the UK Government for the past couple of years? Class, repeat after me: Austerity.
Right – Austerity! But all that history is thrown out the window for something else. Why? Maybe because The World’s reporting on ‘Austerity’ wasn’t as traumatically negative — you know, Cameron was just trying to cut spending and keep the government in the black — nothing wrong with that!
Now of course we have the ‘Fiscal Cliff’ and everything’s changed. It’s the End of the World! And suddenly Cameron’s activities are presented in a completely different light. Funny how that happened.