Hi my name is Rachel and I can feel myself slowly devolving into a hipster blog.
Iceland proves that bailing out the middle class works better than bailing out banks
Cenk Uygur explains why Iceland is a perfect example for how bailing out citizens instead of banks can help an economy recover. Between 2001 and 2010, the median net worth in the U.S. dropped 20 percent. Meanwhile, Iceland invested in their middle class, provided debt relief for 25 percent of its citizens, and now the economy on the rebound. “We were told here in the United States, both by Republican and Tim Geithner, ‘That can’t work; it’ll destroy our economy,” Cenk says, but Iceland disproves that by now doing better than the U.S. and the Eurozone.
(via lesshumansmorecats)
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Fix us :c
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That’s SO crazy, because last night before I went to sleep, literally the last thing I thought was “Fuck it, I’m moving...
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