End the Bailouts
At a time when Americans are speaking out against government bailouts and wasteful spending, President Obama is committing at least $50 billion of U.S. tax dollars to help bailout Greece and the European Union. Just today, the Financial Times reported that the IMF is seeking to boost its lending resources by another $250 billion. If the IMF is successful, the U.S. contribution to the E.U. | Read More »
Greetings from Europe
I live in Portugal. Until recently, Portugal was located at the end of the Iberian Peninsula, the westernmost point of Europe. Nowadays, Portugal is right next door to Greece, jockeying with the Cradle of Democracy for first place in the spiral race down the drain.
Read More »
Who You Gonna Call?
The answer to that question is simple, the US of course. Some months ago I made a comment to Skip that the EU would be lucky to survive another ten years. It now looks like my estimate could have been generous. Greece is all but bankrupt, Portugal and Spain are teetering on the brink, Italy and Ireland are close behind. This week, Britain announced that | Read More »
Obama has decided it’s the right time to Marginalize the European Union. It’s “pay back” time.
After nearly 20 years of US-European Union summits held in Europe, the Obama White House has said that he will not attend them anymore. This year’s summit will be held in May in Madrid. Obama leaked this news out just days before Spain’s prime minister was to meet with Obama at the White House
Read More »
How Cap and Trade Plans to Cripple Our Economy
If you can’t understand conceptually why a Cap and Trade system is such a bad deal, how about a concrete example? The European Union is a signatory of the Kyoto Protocols and have been dealing with a Carbon Cap and Trade system for several years. This article in today’s Wall Street Journal shows how the potential profit from the sale of carbon credits directly led | Read More »
EU: Obama is too beholden to Hollywood
In another triumph of openness for the Hopenchange™ administration, the secret negotations of the proposed Anti-Counterfeiting and Trade Agreement (ACTA) continue. And according to Wired, they’re not going well for the President. A note from the EU to the US was leaked and published to a European website, and it exposes two facts. First, Hollywood isn’t content to have gotten two expansions of copyright in | Read More »
, Barack Obama
, Culture of Corruption
, elections have consequences
, European Union
Poland Signs European Union Treaty….. What’s not been said….. An opinion from a nobody (me).
http://news.theage.com.au/breaking-news-world/poland-signs-eu-treaty-czech-hurdle-remains-20091010-groc.html Poland’s President Lech Kaczynski on Saturday signed the European Union’s reforming Lisbon Treaty at a ceremony, leaving his ultra-eurosceptic Czech counterpart Vaclav Klaus as the only holdout. “The fact that the Irish people changed their minds meant the revival of the treaty, and there are no longer any obstacles to its ratification,” Kaczynski said before signing. “Today is a very important day in the | Read More »
A signal that the European Parliament can govern from the right
And now for a little bit of European news on a day that may he packed with it due to President Obama abandoning our allies in Eastern Europe for the Russians. Yesterday, the European Parliament re-elected Manuel Barroso as President of the European Commission. Not a big deal right? Not exactly. You see, this is the first time that the leadership of the European Union | Read More »
Forget Healthcare…Watch those town halls when the light bulb ban takes effect…
We have until 2012 until we follow where the European Union is leading. Our fearless leaders, in order to make themselves feel better about themselves passed a bill that banned incandescent light bulbs from American shores. The federal government believes that they have the right to interfere in our lives to that extent…. Well, here’s what’s happening in Europe: On September 1, the European Union | Read More »
China Ditches US Dollar with $50 Billion IMF Bond Purchase
Last Wednesday China officially began to move away from the U.S. Dollar as it’s reserve currency when it purchased $50 billion in bonds issued by the International Monetary Fund. The Chinese government has agreed to purchase up to $50 billion worth of International Monetary Fund bonds, the first such notes in the fund’s history, the IMF said Wednesday. The global organization said the note purchase | Read More »
Tags: armenian genocide
, Barack Obama
, European Union
, International Monetary Fund
, John Kerry
, special drawing rights
, United States
Visa Waiver Program Tariff
Somehow, I don’t think this is what people had in mind when Obama said he would be creating jobs. According to an article by the Associated Press reported at Yahoo News, the European Union is up in arms about a new proposed fee for tourists to the United States from people in countries who are not required to obtain a visa to enter the country*. | Read More »
European Election: Victory for the right
Between June 4 and June 7, citizens of 27 European countries voted in a new 736 seat European Parliament. The European Parliament website contains provisional results. This parliament and this election may have a significant impact on a number of patterns in international politics and business. It is worth summarizing some of the results. Going into the elections, there were several questions. First, would the | Read More »
The obligatory “Yet another British MEP unloads on PM Gordon Brown” post
As I understand it, British MEP Nigel Farage had his own rant aimed squarely at UK Prime Minister Gordon Brown just a few minutes before the sensational dressing down from MEP Daniel Hannen began. The word “devalued” also features prominently: http://www.youtube.com/watch?v=E1waGanUNt0 With all of the attention Hannen got, Nigel must be feeling a little under appreciated!
Czech president compares EU to Soviet Union
Cross posted to The Political Class. Buy that man a beer! BRUSSELS – The European Union has turned into an undemocratic and elitist project comparable to the Communist dictatorships of eastern Europe that forbade alternative thinking, Czech President Vaclav Klaus told the European Parliament on Thursday. Klaus, whose country now holds the rotating EU presidency, set out a scathing attack on the EU project and | Read More »
Will there be anything left for us?
We’ve been beating our heads against the wall lately wondering about the futureof the Republican Party, what we will become and where we will end up. We’vebeen hemming and hawing about Obama’s policies and the downward spiral of the economy. To many of us Obama’s Change will be literally that, change…pocket change to be exact because that’s all we’ll have left. But with all the | Read More »