Posted by
rycK on Sunday, March 01, 2009 1:50:55 PM
The Socialist Parasites
Now Begin to Beg for Money: The Collapse
of the World Economies is at Hand.
In that
last century, early on, we became ensnarled with the European system of
government and were asked to participate in two world wars where we had no
interest or involvement. In the Great Depression the English Commonwealth circled their wagons and Europe did not experience as much of a
compression of their economies as we did, down nearly 30%. England, France and Germany were all down less than 15%.
Like
malaria, the now mostly socialist nations in the European Community are again collapsing
from massive debt derived from massive spending and now require some more loans
from us as they did in WW1, 2 and later.
We should expect a different outcome if their superior socialist systems
worked better than our capitalist democracy and that, according to socialist
theories, we should be the ones in trouble and they should show sympathy by
bailing us out. This didn’t happen according to theory.
So, now
the one-eyed Scotsman at No. 10 Downing Street, Mr. Gordon Brown, has bent down on both knees to beg for alms
in what he tells us is a quest for a global New Deal:
“"That is why President Obama and I will discuss this week a global new
deal, whose impact can stretch from the villages of Africa to reforming
the financial institutions of London and New York - and giving security to the hard-working families in every
country."-- Gordon Brown aims for 'global new
deal' with Barack Obama. Gordon Brown has pledged to forge a "global new deal" with Barack Obama when he meets the new US President for talks in Washington.
Mar 1, 2009. [Emphasis is mine in all quotes.]
Now, this
sounds wonderful. But, to ask a pertinent, but in what may be construed as an
impertinent manner, just who is going to pay for this? Or, are we just mumbling
here and sending up a trail balloon?
Where are the details??
On a
tangential thought, we might see if the French are ready to play the New Deal
Game with a reflection on what their President just said about their auto
industry:
The French View:
“The summit followed
the French president's pledge to help his nation's car industry if jobs were safeguarded in France.
President Nicolas
Sarkozy's move raised fears that national protectionism could scupper hopes of
recovery within the EU. The Czech Republic, current holder of
the EU presidency, condemned his comments.
UK Prime Minister Gordon Brown said "today was the start of a
European consensus on all these major issues that are facing the world
community", including "no to protectionism".—BBC: EU 'consensus' to tackle crisis 1 Mar 2009.
Several countries are collapsing:
“Hungary's Prime Minister Ferenc Gyurcsany warned earlier
against allowing a "new Iron Curtain"
to divide the continent.
Many
of the newer EU members in Central and Eastern Europe have seen their financial institutions and economies
battered by the downturn. They are faced with plunging currencies, factory closures
and in some cases social unrest.
Hungary and Latvia especially are facing serious liquidity problems. They
are already receiving billions of euros from an EU emergency fund.”-- BBC
Is their talk of an Iron Curtain
across the Atlantic Ocean that would divide [or save us] from another European mess? What do
they want us to do??
“Writing in The Sunday Times today, Brown calls for “universal action to prevent the crisis spreading, to stimulate the global economy
and to help reduce the severity and length of the global recession.”--From The Sunday Times March 1,
2009
Brown woos Obama on global deal
Words, just words……….
Now, just
what can we mean by the words “universal action?” We know we are deflating from a world-wide debt monster and wealth is
being lost from falling real estate prices and spiraling down into a depression.
We know that many countries, soon the US too, will have a debt higher than our
GDPs. We are being told that we must spend and raise the deficit to really ugly
heights and be prepared to spend a lot of money on social programs, the kind
that have trashed Europe. Can we offer California as a model of how to handle debt by spending and barrowing? Can anyone criticize California for their spending?
Brown mumbled about ‘tax cuts,’ a theme that has been ripped out of
the leftist lexicon and is not a possibly for the US. Tax cuts do not enhance growth as the
left tells us. We know that spending by
Obama will surely save us from a depression and that we can spend ourselves
into prosperity like California did—so what is Brown’s problem?
England should just start up the printing
presses and create prosperity for all with their sterling. The EU should just
start printing euros and spreading them around so everybody will be happy.
But Brown, even with one eye, can see this. Brown really wants US taxpayer dollars or US capital to be spread
around Europe and Africa so as to bring peace and justice and prosperity to all.
We have a lot of wealth in the US, some 57 trillion—buried in our homes and IRAs and other assets and equities. Is
this what Brown wants?
What we need is a
fat, juicy wealth tax where we can give [read
universal action
here for ‘give’] part of our savings and retirement to the EC so they
can enjoy a global new deal in the true FDR
sense. If we cough up a lot of money then there will be no Iron Curtain and we will all be True
Believers in socialism. How about a mere 10% per year tax on our IRAs and
401(k)s!! That is nearly 6 trillion
for Europe from us!! Why, we could do that again the year
after and really make Europe look like the very fount of splendor.
That sounds great to
me. That is just wonderful. Oh, there is just one conflicting thought here
and a suggestion: Why don’t the Europeans just print and spend more? They could
have prosperity like Obama promised us! The whole world will become rich! The
EU can be a success like California! Let us wait just a bit until they
triple their money supply and see how things work out.
Let us spend ourselves into prosperity and be like California!
rycK
Comments:
ryckki@gmail.com