Detailed text transcripts for TV channel - MSNBC - 20120425:16:32:00
.robert reisch saying at president should make it clear he won't follow america into an austerity trap of slower growth and higher unemployment. what is happening in europe, is it a lesson for those of us in the united states? >> david cameron is elected in may 2010 and introduces through his treasure sect a series of draconian cuts. 25% is cut from public housing. 25% frrs all nonhousing. and guess what, the british gorveths the british nation has just collapsed back into recession. the second quarter and there's a prediction there's going to be a third quarter of contraction, as well. a doub...
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