European contagion not far from U.S.
The Kansas City Star
The climbing jobless rate in Europe is likely to wash onto American shores soon as the recession in the eurozone keeps spreading.
Budget cutbacks and other austerity plans in Europe are contributing to a consumer retrenchment, slowing European economies and raising unemployment rates.
Republicans are pushing for austerity in the United States. Bad plan.
If that takes hold, expect the jobless numbers due out on Friday to start trending higher, following the double-digit numbers in many European nations. This country needs to have more stimulus money injected into the U.S. economy, not less.