In short, then: the Obama plan is designed by and for the billionaires who control large international corporations (especially U.S.-based ones); it's more of the same economics that had produced the 2008 crash, only now imposed internationally. Official Europe (representing Europe's oligarchs) is supporting it, but the economic data indicate that European economies would actually be greatly weakened by it. The question for Europe is whether they'll continue being controlled by their oligarchs. And that's the same question in America (where it seems to have been answered in the affirmative on November 4th).
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Investigative historian Eric Zuesse is the author, most recently, of They're Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of CHRIST'S VENTRILOQUISTS: The Event that Created Christianity.
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