Difficult to blame....

**bluffmanxx** · 05-06-2010, 03:35 PM

GWB for the financial crisis in Greece that's shaking Europe and now the U.S. as well.

Just before the panic started, which was around 2:30pm ET, Mohamed El-Erian said on CNBC that the Greek crisis is about to spread.

"We've seen a crisis start in a country—Greece—become regional, impact the whole of the Euro zone and is on the verge of truly going global," said El-Erian, CEO of the world's biggest bond fund.

Rochdale analyst Dick Bove said the riots in Greece, which escalated after the Greek austerity bill was passed, are also a telling sign.

Dow Sheds 350 in Wild Selloff

"There is simply a growing recognition that Greece has got to default, said Rochdale banking analyst Dick Bove. "The riots in the streets showed the decision to repay the debt was not going to be made by the people in Germany, France and Switzerland, it's going to be made by people in Greece and they're not going to repay it," he said. "Anyone seeing the riots is going to recognize that this government is going to be thrown out and anything replacing this government is going to be far more leftist leaning and they're going to repudiate."

sadly, as Greece and it's failed economic policy drags down Europe, so will California drag down the U.S. Fiscal irresponsibility in the name of social progress. Also known as Obamanomics. Sadly many just keep repeating that the tea party protestors are crazy and that we just need to give it all more time. The free ride is over, for both the greedy wall street types and the nanny state socialists. Oddly Obama is somehow beholden to both groups.

**ColdCase** · 05-06-2010, 05:12 PM

Tea bag protestors ARE crazy and social progress is necessary. You just can't see it yet!

**bluffmanxx** · 05-06-2010, 06:52 PM

here is a news flash lucas.

we don't have the resources to pay for all those social programs. and borrowing to fund them leads to the sort of problems we see in Greece and California. at some point there is nobody left to bail out the fiscally irresponsible. even selling your soul to China has it's limits.

i'd like to see how Canada would fare if it had to foot the bill for a proper military instead of counting on big brother to come to the rescue. or if it were flooded with tens of millions of unskilled immigrants.

oh and one more thing. quit saying what others can and can not see or what you think they do or do not understand. you really don't have a clue about what i think. just because i am against fiscal irresponsibility does not mean that i'm against social programs. it just means that i understand that we can't always have everything we would like. that's something that too many of our elected officials can't seem to figure out.

**billybob** · 05-06-2010, 06:55 PM

Originally Posted by bluffmanxx

here is a news flash lucas.

We don't have the resources to pay for all those social programs. And borrowing to fund them leads to the sort of problems we see in greece and california. At some point there is nobody left to bail out the fiscally irresponsible. Even selling your soul to china has it's limits.

I'd like to see how canada would fare if it had to foot the bill for a proper military instead of counting on big brother to come to the rescue. Or if it were flooded with tens of millions of unskilled immigrants.

Oh and one more thing. Quit saying what others can and can not see or what you think they do or do not understand. You really don't have a clue about what i think. Just because i am against fiscal irresponsibility does not mean that i'm against social programs. It just means that i understand that we can't always have everything we would like. That's something that too many of our elected officials can't seem to figure out.

can i hear an amen !!!

**ColdCase** · 05-07-2010, 03:52 AM

We don't have an over bloated military not because we rely on your protection, but because we don't see the necessity of
triggering illegal wars and posturing like cowboys.

We're not flooded by illegal immigrants because we don't ILLEGALLY hire them.

Get your house in order, then maybe you'll be the great nation you once were.

Every second thread is about me being Canadian these days! You guys run out of excuses for your backward thinking?

Oh btw....I have much more then a clue of how and what you think, Doug and as always I find it very amusing, but mostly 'sad'.....very sad!

**motherfunky** · 05-07-2010, 04:44 AM

Why let Bush off the hook, its the money system, it's debt based and it has run it's course. They is no one else left to take on more debt. In this paper ponzi scheme thats a BIG problem.

Why cant we all just agree and be nice to each other.

What did Jefferson say:

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.

How Crazy he sounds... LOL he could see into the future

**billynomates** · 05-07-2010, 06:24 AM

Doug your problem is that you sometimes admit that it's possible that you're wrong. This irks those who are always right, as long as they debate with someone else who believes their opinion is infallible the debate will always end in an impasse. Once you start agreeing with one or two things they say; they are flummoxed.

**ColdCase** · 05-07-2010, 07:00 AM

Nothing 'irks' me around here. Nothing 'flummoxes' me around here. Things are how they are with all backward thinking people. Simple.

Simple = laughable.

Trying to insult by the back door, Mo Mo? .....How obviously SIMPLE!!!!!!