Thursday, June 21, 2012

The Debt Crisis: Europe Faced With An Inconvenient Truth...

Via Matt Labash, some delicious irony:

Whatever the various micro-causes of the European debt crisis – real estate bubbles bursting, the unsustainability of members of the Eurozone playing by different rules, obscenely expensive public sector commitments, banking bailouts, general profligacy – the horror is amplified due to one incontrovertible fact: this is the first major crisis since World War II that Europe has been forced to face with the sobering knowledge that the U.S. can’t do anything to save it. At this point, we’re lucky if we can save ourselves.

They always wanted us to get on board with Socialist platform; and we finally did.  They clamored "USA out of Everywhere!", and we finally are.

So how's that working out for you, Europe?

Don't worry, you guys still have one strong actor left on the Continent - the Germans!  Nothing can possibly go wrong there, right?

We may be going under (the election of 2012 will determine that for sure), but if so, the collapse of Europe will occur before America's fall.  That won't make our landing any softer, just smugger...

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