Tag Archives: Europe

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Aug 26 2010

We’re In a Depression, Not a Recession


While the Obama administration travels around the Country trying to convince the American people and small businesses that The United States is moving in the right direction, that the recovery is working which Obama knows it’s not working but still trying to paint a pretty picture. The American people is now wise to the President’s false hope speeches!

Rosenberg: This Is a Depression, Not a Recession

Gluskin Sheff economist David Rosenberg says “the United States has entered a Depression, and not just some garden-variety recession. Keep reading

Double Dip Coming

Economist Stephen Roach says a double dip recession is coming but the trigger hasn’t yet been identified. Chicago Federal Reserve president Charles Evans believes the risks of a double dip have increased recently. Keep reading

Some Governments Will Default on Debt

Global debt woes are severe enough that some governments will default on their bonds, says Arnaud Mares, an executive director at Morgan Stanley.
The weaker economies of Europe, including Greece, Portugal and Ireland, already have faced rising borrowing costs amid investor fears about their debt burdens.

Standard & Poor’s just downgraded Ireland’s credit rating, thanks to the escalating price tag of nationalizing its banks.

But it’s not just Europe. The sovereign-debt crisis is global “and it is not over,” Mares said. Keep reading

After reading what the economist are saying, would you trust what Obama has said that we’re headed in the right direction or would you trust the economist and what they say? After all the lies that Obama has told we the people of American and around the World, I will take the word of the economist over his!

Nov 29 2009

VAT Tax Hidden in Obama’s Health Reform

With spending at nearly 25 percent of GDP and headed for more than 40 percent of national output, according to the liberal Progressive Policy Institute, how will the Democrats pay for it all?

The evidence points toward the way big-government, slow-growth Europe does it: the value added tax.

Working as a sales tax that you don’t get to see on your receipt, the VAT has proven to be a brutally efficient money machine in other countries.  Maybe that’s why Speaker of the House Nancy Pelosi last month told Charlie Rose that a VAT was “on the table” as a solution to America’s fiscal liabilities.

The Senate bill’s “fee” on medical devices operates much like a VAT, and could end up being the model for future adoption of an unprecedented VAT on all goods and services in the United States.  SOURCE

Jan 28 2009

Britain will not take Gitmo terrorist prisoners despite begging by Barack Obama

European Union foreign ministers, meeting in Brussels, gave a warm welcome to the new US President’s decision to close the camp within a year. But most were lukewarm about the idea of taking in non-Europeans that the US does not intend to put on trial and who cannot be sent home for fear they might be mistreated.

The issue has become an early test of Europe’s relationship with President Obama.

European countries are particularly concerned that the US is not yet able to prove that prisoners do not pose security risks.Read More

Obama is finding out that the Europeans are not so fast to go along with his plans to close Gitmo…or at least they do not want the terrorist on their soil. Now what Barack?