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A Hitchcockian nightmare: Europe falling off a cliff

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melgross
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re: A Hitchcockian nightmare: Europe falling off a cliff
melgross   8/4/2012 8:46:28 AM
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The problems are far mor structural than that. Credit cards are certain,y part of the problem, but the nature of the economies are more to blame. This includes a paralyzed governmental structure. A major problem in the EU is that these countries really don't like each other, and don't trust each other. Neither do they trust the EU government, which has little power anyway. In addition, the fear Germany has of debt. Is making it almost impossible for them to agree on the correct steps, because the voting public, and therefor the politicians, refuse to do anything that will burden them with the EU's woes. Interestingly, as has been Listed out by some, whatever Germany is doi g seems to benefit Germany itself. Ironic, huh?

melgross
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re: A Hitchcockian nightmare: Europe falling off a cliff
melgross   8/4/2012 8:48:34 AM
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If you're going to blame a party, it's certainly not the Democrats who are responsible for that.

Bert22306
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re: A Hitchcockian nightmare: Europe falling off a cliff
Bert22306   8/5/2012 9:33:11 PM
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The first gargantuan bailout was indeed in the last budget of the previous administration. However, let's not assume that the previous administration would have made that sort of government largesse the "new normal." Which is what it has become. Now, we seem to congratulate ourselves if deficit spending is not increasing beyond $1.5T, for heaven's sake. How twisted is that? Furthermore, the events that precipitated the crisis, the housing bubble burst, was caused by a fairly small (well, less than 20 percent anyway) default of reckless government guaranteed home loans to people unable to repay them. That was also not your typical Republican social program, by any stretch of anyone's imagination. Lastly, a "well known economic fact"? When people say, "It's a well known fact," that's when I brace for the unsubstantiated leap of faith. Stimulus spending is an adrenaline shot. It takes money out of the real economy and puts it in the hands of politicians. You can't keep injecting adrenaline and expect the patient to recover.

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