The Corner

Facing Eurocollapse

From my most recent NRO article, on the problems of Europe: “It is a bit rich for Barack Obama and Timothy Geithner (though it is a relief to hear Mr. Geithner speak in public again after a lengthy simulation of a cigar-store Indian) to urge stimulative spending in Europe. Europe is not prepared, to its great credit, to resort to the fraud of simply ‘electronically’ buying its own bonds, as the U.S. has been doing with the last $3 trillion of new debt; and the policy has failed in the United States. The $800 billion stimulus package of 2009 accompanied an addition of 2.5 million unemployed, despite the creation of over 400,000 new federal-government jobs.”

 

Whether you agree or disagree, your comments are, as always, most welcome.

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