If Greece leaves the euro it will set a very dangerous precedent. The moment Greece exits the euro, investors all over the globe will be asking the following question: “Who is next?” Portugal, Italy and Spain would all see bond yields soar and they would all likely experience runs on their banks. It would only be a matter of time before more eurozone members would leave. In the end, the whole monetary union experiment would crumble.
Archive for Category: "Economy"
May 15, 2012 15:56
Government has doubled since 2001 – Sen. Coburn
“We’re spending twice as much money as we did in 2001. If you go back 15 years our deficit this year is bigger than what our entire budget was. That’s how out of control the federal government is. … There is a political reason we’re not having a budget. Everybody understands that. Nobody’s going to say it. .. “because we don’t want to make the hard choices in an election year.”
May 15, 2012 11:33
Using Earth’s blessings to better mankind and planet
Some wish to have energy rationed or be made increasingly expensive, creating artificial fuel poverty for millions. Such policies will make food, clothing, shelter, transportation, and medical care – in short, everything – more expensive and scarce, create more unemployed workers, push many people back into conditions of poverty and deprivation, and gravely impair human health and welfare. This strategy will not save the planet, as they hope, because one of its first casualties will be environmental stewardship.
May 15, 2012 11:21
Krauthammer – Obama lost more jobs than Romney
More jobs were lost in Obama’s taxpayer funded bailout and illegal bankruptcy of GM than in the profit motive privately funded Bain Capital acquisitions.
May 15, 2012 10:46
Obama railed against deficits until he became radical record breaking big spender
In 2004 Obama said the “monstrous” deficits were “an enormous problem” when the deficit was $413 billion. In 2008 he said increasing the debt would burden our children and was unpatriotic. Every year of his term deficits have been over a TRILLION dollars. By the end of his first term he will have increased the debt more than all other presidents combined. Can we afford four more years of two faced, self serving fiscal insanity?
May 15, 2012 07:43
Sex, Money and Largesse – The Hidden Depression
[T]here is a hidden economic depression running along the underbelly of the country. … The government may say this is not the 1930’s where bread lines formed outside the corner soup kitchen, however, for many American’s the only difference is that they are found at the mailbox and online instead. – Streettalklive
May 15, 2012 06:45
New Socialist Path for France
Francois Hollande has been sworn in as president of France, becoming the first Socialist leader in 17 years to occupy the Elysee Palace. – BBC News
May 14, 2012 09:05
‘Taxmaggedon’ Is a Real Threat
This would be devastating to the fragile economic recovery, and to every American still looking for work. Combined with the expiration of temporary payroll tax relief, the United States faces what has now been labeled “taxmageddon”—a fiscal headwind so strong that it threatens a swift return to recession. – The Wall Street Journal
May 14, 2012 08:05
Two Kinds of Austerity – Growth and Anti-growth
“Europe raised taxes by almost $9 for every $1 in actual spending cuts.” This approach to austerity, also known in the United States as the “balanced approach,” has unfortunately proven a recipe for disaster.
May 14, 2012 06:33
The “Dakota Model” of Job Creation – It Works!
North Dakota’s economic success goes beyond its energy sector. The state’s pro-business climate gets some of the credit for the impressive job growth over the last five years. Whatever North Dakota is doing, it’s working, and the state should be a nationwide model.
