The United Kingdom's American cousins will emulate this socially drastic script after the election bloodbath is over. The Republicans will want it, Democrats will not resist too strongly, and Obama already has his eyes on re-election. Likely targets will be postal workers, teachers, and municipal employees. The British, at least, will have brains enough to tax banks. The Americans will try the unique approach of giving the banks more money, especially once the foreclosure scandal reveals the tawdry state of major money center banks' balance sheets.
Do you still think the Great Recession is over?
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