ran 3.3 miles
Greece was rescued today in the form of $172 billion by the European Union. This was the reason our stock market hit heights today it hadn’t seen since 2008. Enjoy the glimmer while it lasts.
Had this bailout not occurred a wake of economic disruption would have rolled up on many other nations’ shores, including our own. Think about it. Do you honestly believe that every country in the European Union actually wants to throw away money at a nation that naively promised its people the impossible? It’s like having a cousin who lacks all responsibility, hope for a future, and is involved in things that serve no real purpose for his own well-being. Ultimately, every member of this individual’s family, all the way to the most distant relative, is affected.
The EU is not letting this rapidly growing bubble pop. They are only buying time from inevitability at the price of greater disappointment.
Speaking of bubbles, there is an American bubble that will be popping soon and it is Barack Obama’s spending.
The American housing bubble that popped in recent years is similar to what happened in Greece. The banks that financed the loans for people who could not afford the payments to live in the houses they purchased are being blamed; in fact they are in the process of shelling out a few thousand dollars to each of the hundreds of thousands of those who received bad loans.
Bad loans?
There is a certain amount of common sense that is expected to function in American society and purchasing a house that is way out of your means lacks common sense. Shame on the banks, but shame on the unrealistic perception of one’s own financial situation, as well.
America, as a whole, has a bubble that is swelling to a devastating state It is our national debt. Just as Greece unrealistically promised its people golden pensions, unrealistic minimum wages, excessive vacations, and everything else utopias have to offer, Barack Obama is following this same path regardless of the warning signs, one after another.
Americans living in houses they know they cannot afford, the sense of “getting away with it” that they felt, Greece actually believing they could get away with the unrealistic way of life they were promised, and, back to America, the idea that so many believe we are moving forward under Barack Obama when we are only further ensuring a rapture of economic regression---there is a larger picture here.
Barack Obama is obviously not going to campaign on “hope and change” again in 2012 because "hope and change" failed. Fortunately for him, the average voter has the memory of a goldfish, so now he will campaign on something entirely less optimistic and more disparaging. His theme will be about fair shots and everyone getting a square amount. But it will be fresh and new and distracting and that’s what counts.
America is on Greece’s path and the current administration shows no apparent restraint from that course.
421.2 miles to go.
Here is what happened one year ago on Day176.
Greece was rescued today in the form of $172 billion by the European Union. This was the reason our stock market hit heights today it hadn’t seen since 2008. Enjoy the glimmer while it lasts.
Had this bailout not occurred a wake of economic disruption would have rolled up on many other nations’ shores, including our own. Think about it. Do you honestly believe that every country in the European Union actually wants to throw away money at a nation that naively promised its people the impossible? It’s like having a cousin who lacks all responsibility, hope for a future, and is involved in things that serve no real purpose for his own well-being. Ultimately, every member of this individual’s family, all the way to the most distant relative, is affected.
The EU is not letting this rapidly growing bubble pop. They are only buying time from inevitability at the price of greater disappointment.
Speaking of bubbles, there is an American bubble that will be popping soon and it is Barack Obama’s spending.
The American housing bubble that popped in recent years is similar to what happened in Greece. The banks that financed the loans for people who could not afford the payments to live in the houses they purchased are being blamed; in fact they are in the process of shelling out a few thousand dollars to each of the hundreds of thousands of those who received bad loans.
Bad loans?
There is a certain amount of common sense that is expected to function in American society and purchasing a house that is way out of your means lacks common sense. Shame on the banks, but shame on the unrealistic perception of one’s own financial situation, as well.
America, as a whole, has a bubble that is swelling to a devastating state It is our national debt. Just as Greece unrealistically promised its people golden pensions, unrealistic minimum wages, excessive vacations, and everything else utopias have to offer, Barack Obama is following this same path regardless of the warning signs, one after another.
Americans living in houses they know they cannot afford, the sense of “getting away with it” that they felt, Greece actually believing they could get away with the unrealistic way of life they were promised, and, back to America, the idea that so many believe we are moving forward under Barack Obama when we are only further ensuring a rapture of economic regression---there is a larger picture here.
Barack Obama is obviously not going to campaign on “hope and change” again in 2012 because "hope and change" failed. Fortunately for him, the average voter has the memory of a goldfish, so now he will campaign on something entirely less optimistic and more disparaging. His theme will be about fair shots and everyone getting a square amount. But it will be fresh and new and distracting and that’s what counts.
America is on Greece’s path and the current administration shows no apparent restraint from that course.
421.2 miles to go.
Here is what happened one year ago on Day176.
