Steve Practices That Good ol’ American-Style Imperialism in Europe

Oh, it’s just too priceless! The blogging romper roomies are a glow with the prospect of their hero Steve fighting evul soshalism in Europe (well, European Union. I  would love to see him try that shit in Norway or Sweden or any of those other Scandinavian countries who do outrank us consistently; those welfare states he hates so much).

Steve is giving economic advice to German Chancellor, Angela Merkel. If you ask me, since he is categorically refusing to participate in that global rainy day tax for banks, he should butt the hell out of their affairs. Another thing: I don’t see Steve trying to tell Obama to reinstate the banking regulations, nor do we see him chastising Congress for their debt.

“I don’t think we should forget the primary crisis here, the fundamental crisis, is not in the financial sector. It is in the finances of certain governments,” he said. “It’s important for all countries to understand that high levels of deficit and debt cannot continue indefinitely and in some countries they are very high and that issue does have to be tackled and it has to be tackled not just in Europe but across the globe.”

Yes, Greece has indeed become a convenient scapegoat for the economic crisis. As Michael Moore predicted on the Rachel Maddow Show awhile back, the other shoe is about to drop. But it will be due to the fact that Obama and Congress have not reinstated any regulation that was scrapped.  Another thing, Greece will probably end up leaving the EU and the euro anyway.  Paul Krugman even says Greece is neither big enough or interconnected enough to cause a global economic meltdown.

Yes, Angie is calling for reforms to the financial sector. Steve calls for reforms. Again, not once do we hear them chide the United States who started this mess in the first place with all their deregulation. In fact, we all know that if Steve had his majority, he would have deregulated Canada’s financial industry.  Give him a majority tomorrow, and it begs the question: would he deregulate? My guess would be yes, because he’s a greedy with greedy friends to pander to. The reason we’re in good shape is that Paul Martin held fast to regulation.

Here’s a good explanation of  how the latest economic crisis began in layman’s terms.

What caused this global fucking recession?
Well, unless you are a right wingnut conspiracy theorist, the blame seems to fall squarely on the banks, corporations, and deregulation.

Predatory lending.

Selling us cheap shit with over the top aggressive marketing campaigns. Cheap shit that falls apart two weeks after the warranty.  Comsumer debt is going to go up.  Go fucking shopping? Bush’s fucking answer to a looming recession.

Click the above link to read the rest.

The commenters at the Grope & Fail, needless to say are all ga ga giddy over this, they seem to be happy that the Europeans will lose their “entitlements”. This, of course, leads me to one conclusion, besides the fact that they like it when misfortune happens to others; they’ve been jealous of European countries’ social programs, no doubt.  Who wouldn’t be?   I know I would much rather be a senior citizen in the Netherlands than here, that’s for sure.  At least their tax dollars yields them better services than ours’ and  of course, the U.S. Instead of trying to keep our programs, they wish misery on others. Real classy.  Yep, to those trolls, it’s business as usual, denouncing evul soshalism. To them, everything is evul soshalism.

Again, I must ask: Greed is supposed to lead to where and what?