and her friends
So seriously, where does this all go? Eurosocialism is in it's death throes and is about to take down a big part of the global banking system with it unless they go all Weimar on the problem and have the ECB just hand out buckets of cash to everyone.Do you think we'll still be seeing campaign commercials like this one the week after Italy fails to roll over it's debt for the first time?
Yes, because it will appeal to some, but how effective it will be we will have to see. Frankly no matter how bad an idea it is, I see the Germans throwing money at the problem. No one wants to admit that the Euro was a mistake.
The Germans don't have anything like the kind of money necessary to solve the problem. They're short by a decimal point at least.The good news for Eurosocialists is that they'll finally get what they want. All of the profits those horrid companies made raping the environment while providing delicious food and convenient vehicles, err, wasteful products, has been already taxed from them and given out as handouts to the poor and the public employee unions. They just don't know it yet. They'll find out when the banks fail and all the money evaporates because the cash lent to the government to do all that social spending is g-o-n-e gone.Success!
Better hope this isn't the end of the story. A serious euro crisis is going to hurt us too.
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