Bubba Effect
Published by Jonas Clark Friday, February 27th, 2009 in Economy and the Christian |
Glenn Beck was talking about the Bubba Effect on his television program.
That Bubba Effect is spreading across the globe. Just in from Bloomberg.com
‘Quick to Attack’
German unemployment began to rise last November after almost three years of declines. Deutsche Bank AG Chief Economist Norbert Walter predicts the German economy, Europe’s biggest, may shrink by more than 5 percent this year.
The worst recession since World War II is fueling anger among youths across Europe who “perceive their future as rather precarious,” said Margit Mayer, a politics professor at Berlin’s Free University.
“Whether you look at the Berlin events or these anarchist groups in other European cities and countries, they are all making reference to the deepening economic crisis and how the various governments are dealing with them,” said Mayer, a specialist in urban social and protest movements.
Some groups are “very quick to attack whoever they can make out as responsible for having robbed them of decent life prospects,” according to Mayer.
http://www.bloomberg.com/apps/news?pid=20601109&sid=auZeM63nrgzo&refer=home
‘We’re Not Paying For Your Crisis!’
Anger rises in Germany as the economy falls. Trade unions and globalization-critical protesters are planning demonstrations in Berlin and Frankfurt under the banner: “We’re not paying for your crisis.” Alexis Passadakis, 31, an activist from the group Attac, tells SPIEGEL what’s wrong with the system.
http://www.spiegel.de/international/europe/0,1518,610099,00.html
Will we see the Bubba Effect on the streets of America? In my opinion yes and sooner than you think.
1 Comment to Bubba Effect
Sad thing is that most of the people are unoblivious of what really is going on behind the scenes, and probably will start to notice once those tax cuts will be eliminated.
The taxcuts of today are not going to last very long, especially if the government needs the money…
I’ve never seen any government promising taxcuts, and actually keeping them for longer than 3 years!
Cuts here, and raises on something else (perhaps on goods or purchases in the store).
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March 2, 2009