Wednesday, May 16, 2012

Europe's Effect on the AmeriKan Elections

I suppose we will all be voting in Democrats again unless we get a Republican rigging again. 

My read on the American people right now is they will keep Obama, Republicans take Senate, lose seats in House.

"Europe’s elections resonate across US presidential race" May 08, 2012

WASHINGTON - Elections in France and Greece brought jitters to stock markets around the world Monday as uncertainty over Europe’s debt crisis reverberated across the Atlantic just as the debate over the economy, here and abroad, begins to play out in earnest in the presidential race....

While the economic impact of the Greek crisis on the United States is expected to be relatively minor, the political implications will probably be amplified by the presidential election.

Bulloney!!  Greece is going to default and down the drain goes the world economy!

“Presumably, the Republicans are going to use this in a political way, that if America doesn’t correct its ways, this is where we are headed,’’ said Desmond Lachman, an economist with the American Enterprise Institute 

That's the source they turn to for expert analysis?

Okay, let's RETRACT and RECALL the EMPIRE, SHUT DOWN the KILLING MACHINE, DISSOLVE the DEBT-ENSLAVING PRIVATE BANKING CARTELS, and END the BILLIONS a YEAR in AID to ISRAEL, 'kay?!!!!  

Whadda ya' mean that ain't a Republican position?

US supporters of more stimulative government spending will probably point to the European results as a warning to policy makers not to rely solely on budget-cutting measures. 

President Obama Monday made no public comment on the elections in Greece and the potential political and economic turmoil that could result. The president, however, released a statement Monday thanking President Nicolas Sarkozy of France for “his strong leadership and for his friendship and partnership in challenging times.’’  

Related: Fallout of French Election

In a phone call on Sunday, Obama invited France’s president-elect, Francois Hollande, to a private meeting at the White House in advance of the Group of Eight summit at Camp David and NATO summit in Chicago later this month.

Related: Why Russia Isn't Coming to Chicago

Having campaigned against austerity, Hollande could complicate how Europe responds to the region’s debt crisis.

The lack of a clear political or economic direction in Europe means continued pressure on the US economy, said Kristin J. Forbes, an economist at MIT’s Sloan School of Management and a former member of George W. Bush’s Council of Economic Advisors. She noted the extensive ties between Europe’s financial industry and the United States, particularly Boston.  

What a narrow spectrum of expert analysts, huh?

Europe accounts for 40 percent of Massachusetts exports, the largest share of any major industrial state and nearly double the US average. European firms invest billions of dollars in Massachusetts and employ more than 100,000 workers here.

Forbes said the political upheavals in Europe have sent a clear signal that austerity plans are not working and that Europeans are not going to support years of slow growth....  

And they are not going to support shredded social services so international banksters can loot their nations.  But what does it matter? The money junkies aren't hearing us.

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