Maggie Thatcher apparently died today. I don't come here to praise her or attack her, but to point one thing out.
The current insane round of economic idiocy called "austerity" in Europe, which is being pursued despite its causing immense damage wherever it is implemented, is a direct descendant of Maggie's economic policies when she was Prime Minister. Like Reagan over here, she was a patron saint of the notion that whatever was good for the rich was good for the rest of us too, so we can just love it or leave it. Obama seems to be trying to give us a good dose of the same poison too. We all know the result will be the same disaster, but no one in control seems to care any more than Maggie and Reagan did.