REPUBLICANS ARE PROMOTING EUROPEAN STYLED AUSTERITY
And Dr. Reich's explanation of why they are wrong seems pretty straightforward.
But a way to sum it up is:
"[W]ho would have ever thought that the Republicans would embrace the austerity and jobless policies of what they used to derisively call 'old Europe.' I never thought I'd live to breathe and see, here they are saying, let's do the eurozone's economic policy -- they got 11 percent unemployment; we can get up there if we work at it."
