Posted on 07/11/2013 1:39:59 PM PDT by mojito
They're going to be replayed.
Where’s the IMF wisdom?
What? You mean the EU was not a good idea afterall?
How can this be? Isn’t socialism the answer to everything?
Mass taxation and spending....always works....
Even the USA has elected a socialist “president” twice!
It must be good......well, uh......
Coming soon to the USA...
They don’t call them P-I-G-S for nothing. (PIIGS if you add Ireland)
The IMF wisdom has always been more good money after bad.
Lots more.
Tahrir Square in Paris, later in DC...?
Hmmm.
WILL NOT END WELL.
Sky . . . Dark . . . Chickens . . . Home . . . Roost.
I don’t think it’s the EU. I think it’s trade policy. The EU embraced free trade with communist China just like the US did.
They saw cheap stuff and didn’t consider that it was going to throw their own people out of work. That cheap stuff comes at the cost of your country’s industries and your citizen’s jobs.
All Ponzi schemes end eventually. I think it just boils down to that.
Wheels coming off of Europe Ping.
All those European socialist MEPs. All those professors, with their degrees and honors and textbooks. Their endowed chairs. Their sabbaticals. So much smarter than ordinary people.
Who keeps screwing things up for them? I can’t figure it out.
“..That cheap stuff comes at the cost of your country’s industries and your citizen’s jobs.”
:::::::::::::::
Our jobs have gone away due to confiscatory corporate taxation levels, over-regulation, and government-supported unions. That is why we cannot compete. And now business has Obamacare to raise the costs of doing business even higher.
No, we know WHY we have lost our jobs and businesses.
So socialism doesn’t work. Too bad no one is learning the lesson from the failure.
The big question remains: what is the trigger of the collapse?
DC........10 million strong.......we can only hope.
DHS and all the rest can’t handle all of us!
Central Planners FAIL
Don’t believe it. You could eliminate all taxes and regulations and you still won’t compete with Chinese labor rates of $2/day.
The taxes and regulations are pains in the butt, but we’ve had taxes and regulations for decades and it didn’t kill jobs. It’s the lowering of trade import tariffs that killed jobs.
I will give you one thing though. Our import tariffs are about 1% but our employment taxes on domestic producers averages about 10%. So the tax structure does provide an incentive to offshore. However that’s small compared to the wage differential.
But I’m also all for lowering our taxes by the amount we raise import tariffs, so it’s tax neutral. We’d still get a huge bump in government revenues when 25% of Americans went back to work.
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