Re: Recall that frequently I harp on the idea that austerity can kill a recovery?
Sorta like stopping chicken soup after two days. However, higher taxes could help. Low taxes on the wealthy simply free up money for derivatives, hedge funds, currency speculation and other counter-productive investments. Tax the wealthy at 75%, tax the flow of money outside the country at 80%, and cut taxes on those people who will actually spend the money.
And don't call it class warfare until the CEO makes less than the janitor.
Invest in crying towels. They will be a big seller.
There will be a new breed of wetback, as the patriots busily try to move their money off-shore.