“In those places where the stimulus money went to the poor, the economic recovery was faster than in those places where that didn’t happen. And there is an obvious reason for that, which is any money that the poor get, they spend it, because they don’t have another choice, whereas stimulus packages that put the money in the hands of the banks or in the hands of the already rich people or upper middle classes, was saved, ” according to Roberto Bissio, Coordinator of Social Watch. (Read: - “Fiscal Austerity Pushing Globe into Recession” - diplomaticallyincorrect.org/films/blog_post/fiscal-austerity-pushing-globe-into-recession-by-ambassador-mo/42226 Is Austerity a Human Rights Violation: “It amounts to a violation of human right when those basic services are being cut while you have the resources to do otherwise. The other angle is, it is not good economic policy to do that because it is bleeding the patient; the patient weakens and you bleed the patient even more.” (See Film Report – Development a Human Right” - diplomaticallyincorrect.org/films/movie/development-a-human-right/29068). “Speculation” in Financial Sector is “Criminal Conduct”? “It is time to revert the wrong decision and to take a series of prudential measures in the financial sector that can curb speculation and that can avoid this kind of criminal conduct. And this is something that everyone understands, in every other sport, you know from cricket, to football to boxing, players are not allowed to bet against themselves, but you can do that in finances. How can you explain that to the public?” Read: -“Financial Jungle: Can Anyone Leash the Predator?”- diplomaticallyincorrect.org/films/blog_post/financial-jungle-can-anyone-leash-the-predator-by-ambassador-mo/27281). Mr. Bissio, Uruguayan journalist and activist, was at press launch for the Social Watch Report 2012 - this year focusing on the rights of future generations. “Social Watch is an international network of organizations aimed at combating poverty and the causes of poverty as well as all forms of discrimination and racism and ensuring an equitable distribution of wealth and the realization of human rights.” (Read: -“Global Recession: Best of Times, Worst of Times” - diplomaticallyincorrect.org/films/blog_post/global-recession-best-of-times-worst-of-times-by-ambassador-mo/36338). Link to Report: - www.socialwatch.org/report2012 By Ambassador Muhamed Sacirbey Facebook – Become a Fan at “Diplomatically Incorrect”

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