More Informative Links for June 19, 2012
G20 Summit: Barroso Blames Eurozone Crisis on US Banks – Guardian “EC president says European leaders have not come to Mexico to receive lessons on how to handle the economy. The opening day of the G20 summit was threatening to deteriorate into a fractious row between eurozone countries and other non-European members of the G20, notably the US ….”
Lieberman: Holder Should Appoint Special Prosecutor To Probe Leaks – Newsmax “‘Holder would do the administration and himself a favor if he appointed special counsels in this case because it would remove any appearances that anybody in this administration was trying to block a full-scale investigation,’ Lieberman told Wallace.” Let’s see how Holder responds!
Why Is the Private Sector Doing So Poorly? – Real Clear Politics “… Why is the private sector doing so poorly? Perhaps because most businessmen are not that dumb. … President Obama seems wedded to an old-fashioned Keynesian philosophy of trying to revive the economy by using government hiring and spending to increase consumer demand. By now we should have learned that no amount of pump-priming is going to help, as long as businesses are worried about the crushing burden of debt, taxes, and regulation in their future.”
Dithering Europe Is Heading for the Democratic Dark Ages – Telegraph “A Greek economy run by Brussels will ignore the lessons of history, leading to more misery. If things go on as they are, we will see more misery, more resentment, and an ever greater chance that the whole damn kebab van will go up in flames. Greece will one day be free again – in the sense that I still think it marginally more likely than not that whoever takes charge in Athens will eventually find a way to restore competitiveness through devaluation and leaving the euro ….”
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