His fragile economic recovery is heavily dependent on feelings of prosperity which rising prices and soaring debt engender, at least in Britain.
It's no secret that Bush's foreign policy blunders permanently damaged Brand America in the eyes of the world: encouraging terrorism, compounding our domestic debt, and engendering our credit downgrade, all by his outrageously costly, deceitfully sold, and wholly unnecessary Iraq detour.
What was lost in the orgy of low cost debt that ultimately engendered the securitization boom in credit card and home equity lending--and enabled growing deficit spending at the federal level--was that the American economy, like the American household, was living on a chimera of growth that belied the underlying damage that was being done to our economy.
Lingering questions over the country's economic plight – starting with the bitter disagreement between the EU and International Monetary Fund over how to deal with its debt mountain – have, however, engendered widespread criticism.
The defiant stance, coming months ahead of important local elections, illustrates the fatigue — and resistance — that a continued push for fiscal rectitude in the wake of the sovereign debt crisis risks engendering across Europe.
INTERACTIVE Europe's struggle with hundreds of billions of dollars in debt has rattled global markets, engendered protests and spawned flurries of deal-making.
Eclipsed by Europe's refugee crisis, terrorist attacks and the fears engendered by Britain's forthcoming EU referendum, Athens's debt drama appeared to disappear.
The poverty they engendered contributed to everything from famine to war and disease to debt elsewhere.
Most of this humongous public debt was held by Dutch private citizens, so in a sense it merely engendered an internal money circuit in the Dutch economy.
Their patronage engendered special treatment.
