Just listening to radio 4 re the economy being discussed by economists and lay people not Poiticains.
Apparenly the USA has gone for a slower path to debt reduction and making cuts and has enjoyed significantly better growth and increased productivity than the euro Zone while being on target to hit its monetary targets for debt reduction by 2014.This sounds like Gordon Brown's strategy at the last election.
The eurozone has cut more quickly and seen low growth and shrinking productivity. The UK economy is 2% which may not sound allot but is about a years average net growth behind the coalition governments forcast.
So rapid measures of austerity have led to low growth or recession and falling productivity compared to the less severe US strategy maybe possibly etc.
If Coalition economic policy does prove to be over zealous some people will lose their jobs their homes perhaps even their families in the process for no reason. I very much doubt any of these poeple will be close friends fo David Cameron and his old etonian cronies.