Media, Austerity and Bad Medicine

The election results in Greece and France sent a clearer message about austerity: Voters don’t like it. That sentiment isn’t hard to fathom; massive spending cuts and pay cuts aren’t fixing the problems in their economies–they’re making things worse. Media coverage seems to be clearer these days about what the public thinks of austerity. But the assumption that austerity is mostly “good” still seems firmly in place. Like this Washington Post lead (5/7/12): Voters in France and Greece redrew Europe’s political map Sunday in a powerful backlash against the German-led cure for the region’s debt crisis: painful austerity. It’s not […]