[Army Air Corps]

"The worry is that there is a wave of austerity building throughout Europe and even hitting America's shores," Mr Stiglitz said. "As so many countries cut back on spending prematurely, global aggregate demand will be lowered and growth will slow – even perhaps leading to a double-dip recession.

State spending to boost aggregate demand. Where have I heard that before? Ah, Keynes and Obummer...

[bruinbirdman]

"Ah, Keynes and Obummer... "

Ah, Keynes Stiglitz and Obummer... a pair of Nobel Socialists.

yitbos