Is Britain's double-dip recession a good predictor of what Republicans will do to the US if elected?

• In the U.K., Conservatives have been in power just under two years, and their austerity and tax cut regime have sent its economy back into recession. Is this a cautionary example of what will happen if Republicans get the Presidency? "LONDON — Britain has fallen into its first double-dip recession since the 1970s, according to official figures released Wednesday, a development that raised more questions about whether government belt-tightening in Europe has gone too far." "The last time the country experienced a double-dip recession was when Margaret Thatcher was elected leader of the opposition Conservative Party in 1975." http://www.nytimes.com/2012/04/26/business/global/uk-slips-into-double-dip-recession.html?pagewanted=2&_r=1&ref=business

• Answer:

  I'm not an expert in American nor British politics, but as this is a forum platform for all comers and i'm from a general walk of life so heres my perspective from across the pond about austerity measures. Historically these reforms,reccessions,cuts,growth and economic forecasts all come around full circle in the end ultimately leading to a regression in lifestyle for the general population and man on the street.But What do those figures produced from some thinktank actually mean to us ?? Prices go up for food,cigerettes,alcohol,petrol,borrowing becomes more difficult,wage increases are frozen,new jobs become sparse.We also make our own judgement by how it is "on the street" In short your money doesn't go as far and its more difficult to earn. OK . But Surely there is a resposibilty on all of us to start understanding that we'll all be ok in the end.We've become softened into thinking that all the creature comforts we have are neccessities,the latest smartphone for your 12 yr old?A bigger tele ? faster newer cars? Latest trainers? You get the message. there is a train of thought here that your lifestyle fits your pockets and its so true, but when backs are against the wall Humans all have an in built sense of survival and while i do feel sorry for the people (myself included) who are being forced to work harder to feed their families,we'll be OK in the end and missing out on a foreign holiday isn't that bad is it? Spending Expectations have grown since 1975 and Maggies days! thats the bigger problem for the government here,back then you had to approach the bank for a loan and provide detail on how you were planning to pay back,provide good credit history etc,isn't that sensible??? then 10 yrs ago Banks started freeing up access and literally SELLING money that people really didn't NEED to spend and couldn't really afford to payback all in the name of fiscal wealth and economic growth and so mankinds greed for the unneccessary has landed us where we are. Austerity measures are neccessary because whilst our government can't promote it,my belief is that a slight reccession or flatlining is actually NEEDED to re-align public attitudes and bring back the good old fashioned "Live to your means" attitude that is so crucial to Solid Sustainable Slow Economic Growth. Is this the similar scerario in the the USA i don't know, If Austerity measures aren't the answer for you then what is? Ultimately my view is; work hard,value the simple things in life and pull together then we'll be alright! Good luck