Page 34 - Austerity Program News Today

In two days. why? we are so happy about the greek bailout. then the greek prime minister comes out and says, you know what, lets put this plan up for a vote for referendum among the very people who have been rioting in the streets in protesting a benefit cut. >> and we should explain to the viewers what we are talking about is that germany and france say, look, we will bail you out, greece, but you need to have an as austerity program and you have to start cutting things and the people of greece...

this "american morning.". busy weekend. good morning, august 1st. a lot going on today. >> it was an agonizing weekend and we were all up late last night. e-mails flying at midnight. >> it was busy. >> but things are a little brighter today than they were last night and saturday night and a little brighter. >> tiny bit. we start with that possible break-through in the debt ceiling crisis. in a few hours the house and senate are expected to vote on a plan by president obama and congre...

Governments austerity program, any signs in there of what effect that is having, the rise and the fiscal tightening? >> no yet because these figures wont have taken into account because the austerity measures or the, you know, the belt tightening, the 81 million pounds of budget cuts wouldnt have really made a significant impact on these figures and thats what economists are worried about. theyre saying if we want the sort of growth that we wanted over the last three months and now the figures s...

Actually impose austerity program, the opposite of stimulus, cutting back, cutting spending, seems to have a negative effect on britains growth? >> actually, not. if you look at any persons budget in their own family or in a business, if youre over extended as a family or as a business, you cut out the credit card, you sell the boat, sell the second vacation home, you stop buying and certainly stop borrowing. in the united states, we need to take some similar advice. we just cant keep on the par...

Offset its effect. >> britains five-year austerity program began last year. pauline? lets look at some market action right now. stock market heres in asia struggled to find some clear direction, in this session. australias main benchmark was the standout today gaining just over 1% led by mining and metals companies. energy stocks were up around most of the region with the exception of tokyo electric power in japan. thats the company that operates the nuclear power plant. and tepco was the bigg...

Democrats. a whopping 15 point difference. and a new poll in ohio done a democratic company, public policy polling says that the folks who live in that state would rather have george w. bush back in the white house than continue with barack obama. the number 50-42. thats stunning! because ohio went for obama in 2008. as i write in "pinheads and patriots" barack obama has allowed his ideology to overwhelm his common sense. hes now listening to the far left elements in his party and in the media. ...

Democratic specialist and former special assistant to former president bill clinton. gentlemen, good to see you both, justin i was about to pose a question when the president appeared for the news conference and it was, whether hes really a winner or a loser and i note parenthetically that moments ago, reuters news service came out with what they call a fact box, winners and losers and list the winners as germany and great britain because their austerity program prevailed at the g20, the preside...

Europe economies. now you have president obama warning those across the pond that something has to give in this relationship, this escalation tension is coming ahead of a pivotal meeting of the world economists. lets get staurt srarpb knee in on this. if youve been a sleep for 15 years you might be a little bit surprised. for europe to be getting fiscally conservative and doing major cuts is a brand-new story. reporter: who would have thought that britain, spain, france, ireland would be cutting...

Des tight that extreme edge, there are tens of thousands of greeks angry about the government and the new as thert -- austerity program. that program is not going to come without a price practicing and it will be reduced pensions, higher taxes and wage cuts. many people the payment is placed unfairly on the burden of average government workers. so a lot of anger, more strikes and protests likely to come, and a real concern the problems here could go way beyond greece to other european nations. w...

Since the mid 1970s when a dictatorship was overthrown. theres people angry at the government, what they see as government incompetence, fraud, overspending and a small percentage of violent anarchists to want to cause trouble and theyre doing battle with the police every night. its a dual between the two of them as far as the bailout, some good news with mayor european nation, part of $140 billion bailout that should help greece delay default. but its been a tough sell for the european nations....