Thursday, March 26, 2009

Europeans to America - You're Spending Like Drunken Europeans

EU presidency: US and UK economic recovery plans are 'a way to hell' - Telegraph:
"Mr Topolanek warned the European Parliament that the Obama administration's stimulus package and financial bail-out 'will undermine the stability of the global financial market'.

”All of these steps, these combinations and permanency is the way to hell,” he told Euro-MPs in Strasbourg

”We need to read the history books and the lessons of history and the biggest success of the EU is the refusal to go this way.”"


I think the Europeans are getting really freaked. For decades its been the hard-charging capitalist economy of the US that has been the growth engine of the world. Who's going to take over that role if Pres Obama turns us into a pseudo-european social democratic welfare state?

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