Austerity is not going to go away even though the whole world now knows it's a total disaster

Mike Norman Economics 2015-07-07

There's been a lot of talk about the beginning of the end of austerity because everyone now knows that it's been a total, complete, disaster.
(Look at Obama's response when asked about the Greek vote and austerity. He was silent because his benefactors want him to stay out of it and leave THEIR interests alone!)
Reporters pressed Josh Earnest, President Barack Obama’s spokesman, for details of what his boss thought of the vote and of the bailout deal, and whether he agreed with 2016 Democratic presidential candidate Bernie Sanders that the latter was outrageous. Earnest answered with streams of polite words that added up to ... nothing. Obama was staying out of the issue, as he apparently had promised German Chancellor Angela Merkel he would when they met at the G-7 summit recently.
However, don't believe this. Austerity ABSOLUTELY is in the interests of the "Powers That Be." It benefits the oligarchs, finance capitalists and big business and they are the OWNERS of government everywhere. Do not think that because you vote you have a voice. You have no voice unless you are in that club that I mentioned above. Austerity will continue.