Saturday, April 28, 2012

Europe Is In Trouble - Hard Times Ahead

Socialist Europe is in trouble.  Britain is officially in Recession.   Spain, with 25% unemployment, is in a Depression.  France, Italy, Greece, Portugal and the Netherlands are headed over a debt cliff.   The struggle now in Europe is whether they should pursue more austerity, the German approach, to prevent the the bankruptcy of these countries, or more Socialist borrowing and spending to stimulate the economy.   This will play out in elections in these countries in the weeks and months ahead. 

If Socialist spending worked to bring prosperity, these countries would already have it since they have been borrowing to support cradle to grave entitlements since the end of World War II.  No, more government spending will not solve Europe's problems.   The only way to restore economic growth is to cut government spending, cut taxes and eliminate job killing regulations.  

Further, many of these countries adopted CAP & TAX to deal with carbon emissions.  As a result, the cost of energy in Europe is strangling business.   In addition, European countries have invested heavily in solar and wind power, through either direct investment, or big government subsidies that are contributing to the bankruptcy of these nations.   All of this has to stop to get their economies back on track. 

It is not likely to happen because the Socialists in European countries are so ideological that common sense will never prevail.  And, let's face it, Europeans like cradle to grave "free" entitlements, 37.5 hour work weeks that make European countries uncompetitive, all their holidays and paid vacations and their pensions at a young age, even though all of this has caused the mess they face today.   Many European countries just do not produce enough to sustain all of these goodies.  

So, Europe will face hard times in the years ahead.   It is very likely that the grand experiment in the European Union and the EURO will end because at some point, the Germans will say enough.  What will happen remains to be seen; but it is clear that the status quo is not feasible.  Something has got to give and it will give in the next few years.   

The United States should take a lesson from all of this.   Socialism has failed where ever and when ever it has been tried in the world.   President Obama is a Socialist, who wants to "transform" America into a European style Socialist nation.   Why are earth would we go down that road when it leads to poverty, misery, a lower standard of living and in some cases historically, in the extreme, to murder.  

No, we have to make Obama a one term President and sweep his Socialist pals, at all levels of government out of office in 2012 and 2014 to prevent economic chaos in our country that would lead to civil strife on our streets.   We must clean house to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.  We must learn a lesson from what is happening in Europe to avoid financial calamity. 

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