European GDP Takes a NoseDive. “In 2012, they didn’t have a single quarter of growth.” “The multiplier effect of government spending is 0.” Well, if the Keynesian stuff isn’t working, the EU will just have to adjust the meaning of “working”.

{ 11 comments… read them below or add one }

ooddballz February 14, 2013 at 1:56 pm

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Great, my timing has always been lousy. I move to Europe because the economy is better (among other reasons) and now this.

Man I wish the Euro would just tank already, so Germany can pull out.

Progressive Hemrrhoid February 14, 2013 at 2:11 pm

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Coming soon to a NYSE near you. If it wasn’t for all the creative accounting that’s been going on it would have already happened.

ooddballz February 14, 2013 at 2:16 pm

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Yeah PH. I never got a in the circus because I couldn’t juggle balls.
I never got a job as an accountant because I can’t juggle books either.

Fenster314 February 14, 2013 at 2:32 pm

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Relax, socialist France is on the job. They’ll be wringing out those E-vil rich dudes to the tune of 75+ percent. Not only will that pay off the debt but build Euro-Disneylands in every member country.

poppajoe49 February 14, 2013 at 10:24 pm

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Refer to this post by Karmaa:
http://www.ihatethemedia.com/tips/comment-page-79#comment-249073

It will detail how well the French model will work.

Jim Stewart February 14, 2013 at 3:04 pm

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That’s right! The 75 percent tax rate should restore the French economy and everyone will be on easy street. And I have some land to sell in south Florida. It has a great ocean view when the tide is out.

Dan February 14, 2013 at 5:43 pm

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They just gotta spend more!! FORWARD!!

Not so silent February 14, 2013 at 6:07 pm

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Socialist Greed!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! It’s Ron Paul’s fault!!!!!!!!!!!

jacksman February 15, 2013 at 4:53 am

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I just can believe no one saw this coming! do we not teach economics in school anymore?

poppajoe49 February 15, 2013 at 8:12 am

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Yes, but it’s progressive/socialist economics.

flashingscotsman February 15, 2013 at 9:01 am

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The course is remarkably similar to Butt Scratching 101. Same teachers.

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