Social Democracy’s goal (to which much of Europe’s right also subscribes) was to use the state to realize as much economic security and equality as possible, without resorting to the outright collectivization pursued by the comrades in the East. In policy-terms, that meant extensive regulation, legal privileges for trade unions, “free” healthcare, subsidies and special breaks for politically-connected businesses, ever-growing social security programs, and legions of national and EU public sector workers to “manage” the regulatory-welfare state — all of which was presided over by an increasingly-inbred European political class (Europe’s real “1 percent”) with little-to-no experience of the private sector. – American Spectator
Post Tagged with: "European financial crisis"
February 27, 2012 05:46
Eurobamacare can’t pay for drugs
Will your drugs cost more to pay for drug companies losses in Europe?
February 24, 2012 05:26
Obama Has Already Lost, and He Doesn’t Even Know It
The good news is that there has been a mass awakening of the American people, who now realize that the mainstream media has a decided leftist tilt and that media polls can no longer be trusted. – American Thinker
February 22, 2012 05:18
8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default
[T]he new debt deal imposes such strict conditions on Greece that it is almost inevitable that Greece will fail to meet some of them. When Greece does fail, Germany and the other northern European nations may try to claim that they “did everything that they could” but that Greece just did not “live up to its obligations”.
February 13, 2012 06:39
Greece MPs pass austerity plan amid violent protests
Tens of thousands protested in Athens, where there were widespread clashes and buildings were set on fire. Violent protests were reported in cities across the country. – BBC News
February 10, 2012 18:26
UK MEP Hannan Gives America a Warning at CPAC 2012
European Parliament member Daniel Hannan warns Americans not to follow the failed socialist policies of Europe. MEP Hannan spoke at a CPAC conference titled “The European Debt Implosion: Is America Next?” Hanna is the Secretary General of the Alliance of European Conservatives and Reformists. What you might call the EuroTeaParty.
February 10, 2012 06:14
Rough Sledding Ahead For 2012 As Global Economy Drags
The U.S. will not be immune to the downward pressures. In the weakening global environment, exports will drop. Consumers have increased spending by reducing their savings rate as wages continue to stagnate.
February 1, 2012 05:09
Germany to take over Greek budget
To bail out Greece Germany is demanding veto power over Greece’s budget. Greece is the result of a socialist welfare state that is the model for the “redistributive” ideology of Barack Obama. Greece is where the US is headed if we continue to keep our heads in the sand about the consequences of a debt that is greater the our entire Gross Domestic Product.
January 24, 2012 06:43
IMF Warns of Global Depression If Governments Don’t Pay Up
She never mentioned Germany and the US by name, but those were her prime targets. “It is about avoiding a 1930s moment,” she said at the German Council of Foreign Affairs in Berlin, “a moment, ultimately, leading to a downward spiral that could engulf the entire world.” – Testosterone Pit
January 19, 2012 07:31
Warning Signs That We Should Prepare For The Worst
The vast majority of people out there only believe what they want to believe. They don’t want to believe that a great economic crisis is coming, and so when it does happen they are going to be absolutely blindsided by it.
