07.06.2011 or 7th June 2011
US President Barack Obama warned Europe’s debt crisis must not destabilize the global economy, as he laid on an effusive White House welcome for German Chancellor Angela Merkel. Obama and Merkel had extensive talks about the plight of debt-stricken Greece, which needs a second huge financial bailout, despite some reluctance from some eurozone members to stump up fresh funds.
What a bloody two faced hypocrite. He is the leader of a country that created the banking crisis. He is the leader of a country whose loan sharks, [goldman sachs if I recall], illegally, “sold” Greece $billions of worthless credit bonds – HIS COUNTRY DESTABILISED THE EURO. His country attacks other currencies – why? Because the american teabagging electorate WILL NOT PAY MORE TAXES. He expects European pensioners to stump up hard earned savings to stop Obama filing for bankruptcy. Per head of the population the Greeks owe the world banks LESS than the citizens of the US of A !!!
If you think this is a Middle Englander moaning then consider this article:
April 21st New York Times: reporting on the current pessimistic mood of the usa – a mood certainly not without merit.
Among the highlights, some of which can be found in the article, affecting how
Unrestrained energy prices are affecting every sector and rising gas prices are just the tip of the iceberg.
Rising national debt; High unemployment; Involvement in yet another overseas conflict – Iraq, Afghanistan, and now Libya. All paid for in dollars AND LIVES
Lack of political leadership to hold themselves and each other accountable to do that which they’ve been elected to do, like:
Cut spending and seriously address the country’s debt problems without political posturing.
Raise taxes on wealthy
Reduce tax breaks for businesses [ Subsidies / nationalisation ]
Tax businesses using off-shore locations to escape paying ANY taxes
Simplify the nation’s tax code and eliminate loopholes which only the rich can afford to exploit.
Seek out term limits which would:
Help bring in new blood and curb influential lobbyists
Stop scapegoating public employees such as policemen, firemen, and teachers.
Addressing the damage banks did when it came to stoking up the financial crisis?
Reigning in bonuses for those responsible for the mortgage collapse and other questionable profit raising moves?
Are Americans hopeful or pessimistic when it comes to their nation’s future? Things can only get worse after Nov. 2012.