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Who keeps bailing them out? Who appointed the head of that dump? Who will give the IMF more money most likely when QEIV comes out? You are the one who doesn't think or can't think logically. Try it sometime.
it is mostly European money. And anyone who participates in those bailouts only does so because they get interests on their loans, it is an utterly egoistic greedy act...
Now what will the liberals in the US do as they watch france collapse? Why of course try and copy the very policies that they implemented.
"Back in May I wrote a piece describing Francois Hollande’s election victory as emblematic of the EU’s decline, noting that “his government promises to be a symbol of everything that is wrong with Europe today.” True to his election campaign promise, the new French president, together with his prime minister Jean-Marc Ayrault, has outlined his plans for a 75 percent marginal income tax rate tax on anyone earning more than €1 million Euros a year.
This is economic suicide for the second biggest economy in Europe, a supreme act of financial har-kiri for a country whose public debt has now risen to 91 percent of GDP, a growth of 30 percent in five years. This is part of €20 billion Euros worth of new taxes, mainly on businesses and high earners, unveiled by a backward-looking Socialist government seemingly intent on economic self-destruction. As Jean-Paul Agon, chief of L’Oreal told The Financial Times earlier this week, it will now become “almost impossible” for France to attract leading business talent.
The end result is all too easy to predict. The steady flow of entrepreneurs and businesses out of France, which has already been taking place for some time, will now turn to a flood of money leaving Paris and en exodus of high wealth individuals, who will flee to the promised land of Britain, Switzerland, Singapore – anywhere they don’t have to hand over three quarters of their hard-earned money to the government. Paris’s loss will of course be London’s gain. With good reason, there has been a significant increase in recent months in the number of French citizens buying expensive properties in the UK. London is already home to hundreds of thousands of French exiles, with Chelsea and South Kensington dubbed “the 21st arrondissement.”"
I don't know that I'd call them "THE EVIL RICH", but most have very little "FORESIGHT". Certainly not worth the money they've made (or inhereted). Business executives that are collecting so nice a salary are a large part of the problems.
The economic woes stem from lower income levels not being able to stretch the budget any further. So, just who has their hands on the controls for wages? They've been holding wages down, taking a good share of the pie for themselves and patting themselves on the back.
Now, it time to pay the piper, and they aren't happy. Gee, did they think it could go on forever?????
it is mostly European money. And anyone who participates in those bailouts only does so because they get interests on their loans, it is an utterly egoistic greedy act...
Horsepucky!!
"The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government’s first-ever audit of the central bank.[LEFT] Last year, the gross domestic product of the entire U.S. economy was $14.5 trillion.
Of the $16.1 trillion loaned out, $3.08 trillion went to financial institutions in the U.K., Germany, Switzerland, France and Belgium, the Government Accountability Office’s (GAO) analysis shows."
Go earn your own "justice" and stop trying to steal it from others.
We don't think of it as stealing if the other person received way too much in the first place. It is redistribution. When someone takes much more than they deserve that is what we consider stealing...
I don't know that I'd call them "THE EVIL RICH", but most have very little "FORESIGHT". Certainly not worth the money they've made (or inhereted). Business executives that are collecting so nice a salary are a large part of the problems.
The economic woes stem from lower income levels not being able to stretch the budget any further. So, just who has their hands on the controls for wages? They've been holding wages down, taking a good share of the pie for themselves and patting themselves on the back.
Now, it time to pay the piper, and they aren't happy. Gee, did they think it could go on forever?????
More of the class envy gibberish posted by the share the wealth crowd who don't want to go earn their own money.
We don't think of it as stealing if the other person received way too much in the first place. It is redistribution. When someone takes much more than they deserve that is what we consider stealing...
You don't think of it as stealing because it's not your money that's being stolen. That is why you call it redistribution. Different words same thing. Your a thief who hides behind words like the rest of the share the wealth club.
"The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government’s first-ever audit of the central bank.[left] Last year, the gross domestic product of the entire U.S. economy was $14.5 trillion.
Of the $16.1 trillion loaned out, $3.08 trillion went to financial institutions in the U.K., Germany, Switzerland, France and Belgium, the Government Accountability Office’s (GAO) analysis shows."
That's an interesting statement as those countries whose financial institutions are listed are not the ones in trouble, they are doing fine.
The money went to financial institutions, not European countries. And many of those institutions like Deutsche Bank and all those Swiss banks also have huge US branches, which just like their US counterparts have screwed up immensely over the years.
Greece for instance receives very little money from the US, most of the rescue money comes from Europe.
We don't think of it as stealing if the other person received way too much in the first place. It is redistribution. When someone takes much more than they deserve that is what we consider stealing...
That's Socialism. And it has never worked. As Margaret Thatcher said, "The problem with Socialism is that eventually you run out of other people's money".
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