Crush Liberalism

Euros: Hey, guess what? Socialism just MIGHT be a failure!

Looks like the Euros caught a clue bat upside their noggins.  Sure, it’s a half-century in the making, but better late than never, n’est-ce pas?  Details:

Analysts warned, however, that the emergency bailout fund would do nothing to reverse Europe’s soaring public debt — and could even worsen it.

“The last thing you give a drunk is another drink,” said Jeremy Batstone-Carr of Charles Stanley stockbrokers.
…
Even EU president Van Rompuy warned that the bloc risks irrelevance and the end of its expensive welfare programs if it can’t speed up economic growth, forecast to expand by just 1 percent this year.

“With 1 percent growth we can’t finance our social model any more. With 1 percent structural growth we can’t play a role in the world,” he told the World Economic Forum in Brussels. “We need to double the economic growth potential that we now have.”

Many are skeptical that can be achieved.

So as the Euros are figuring out that it takes real money to run a bloated welfare state, and that pilfering the fruits of the producers to hand over to the non-producers doesn’t work has put them into a real craphole, American liberals are determined to emulate that failure here.  Friggin’ wonderful.

May 11, 2010 Posted by crushliberalism | Euros, socialism | 6 Comments