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Bush's Legacy: European Socialism
RealClearPolitics ^ | November 19, 2008 | Dick Morris

Posted on 11/19/2008 10:48:13 AM PST by nosofar

The results of the G-20 economic summit amount to nothing less than the seamless integration of the United States into the European economy. In one month of legislation and one diplomatic meeting, the United States has unilaterally abdicated all the gains for the concept of free markets won by the Reagan administration and surrendered, in toto, to the Western European model of socialism, stagnation and excessive government regulation. Sovereignty is out the window. Without a vote, we are suddenly members of the European Union. Given the dismal record of those nations at creating jobs and sustaining growth, merger with the Europeans is like a partnership with death.

(Excerpt) Read more at ...

TOPICS: Business/Economy
KEYWORDS: bush; europe; socialism

1 posted on 11/19/2008 10:48:13 AM PST by nosofar
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To: nosofar

“At the G-20 meeting, Bush agreed to subject the Securities and Exchange Commission (SEC) and our other regulatory agencies to the supervision of a global entity that would critique its regulatory standards and demand changes if it felt they were necessary. Bush agreed to create a College of Supervisors.

According to The Washington Post, it would “examine the books of major financial institutions that operate across national borders so regulators could begin to have a more complete picture of banks”operations.”

Their scrutiny would extend to hedge funds and to various “exotic” financial instruments. The International Monetary Fund (IMF), a European-dominated operation, would conduct “regular vigorous reviews” of American financial institutions and practices.

Well...this is fine can of worms...WTH?

2 posted on 11/19/2008 11:00:33 AM PST by HappyinAZ
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To: nosofar

Leave it to an ex-Democrat to speak the truth about George

3 posted on 11/19/2008 11:01:43 AM PST by ZULU (Non nobis, non nobis Domine, sed nomini tuo da gloriam. God, guts and guns made America great.)
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To: nosofar
Western Europeans are not socialists. This is the mistake that McCain/Palin made during the election.

Using scare words like "socialist" or "communist" just get people to tune out from the message.

We need to talk about our moderate welfare state versus Europe's overarching welfare state.

I know its not that jazzy as hyping up fears of socialism, but it is closer to the truth and I believe more effective in the long run.

We need to have a series of commercials similar to John Stossel's comparison of life in Europe vs. life in America: we have bigger homes, cars, fridges, washers, etc. We are living larger than them with more employment, etc. I believe that would be a more effective message in the long run.

4 posted on 11/19/2008 11:03:39 AM PST by who_would_fardels_bear (The cosmos is about the smallest hole a man can stick his head in. - Chesterton)
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To: nosofar

Whatever. American banks have spread cancerous zero value paper crap all over the world. You can hardly blame the world for being mad about it. And it’s pretty obvious they want to regulate things because the USA has completely dropped the ball. I guess the alternative is that we become a pariah nation like Argentina.

The IMF is not all that European controlled, either. The US has a lot of clout there. We have 371,000 votes. England has 107,000, France has 107,000. Etc.

Votes are based on contributions.

5 posted on 11/19/2008 11:03:51 AM PST by Jack Black (NO MANDATORY SERVICE IN THE OBAMA-YOUTH !)
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To: who_would_fardels_bear
Western Europeans are not socialists.

With all due respect to your time in grade here at FreeRepublic.........


6 posted on 11/19/2008 2:05:47 PM PST by AwesomePossum ("He who conceals a useful truth is equally guilty with the propagator of an injurious falsehood.")
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To: AwesomePossum
Technically socialism is when the government owns and operates the means of production.

This is true for some businesses in Europe, but not the vast majority.

Our own government owns and operates some businesses, but I would hardly declare that we are living in a socialist "paradise".

How much success did Palin and McCain have with trying to label Obama a socialist? Answer: Zilch.

Even if it were the case that we or the Europeans are socialists it just doesn't play. It sounds like extremist cage-rattling and nut-job conspiracy talk.

What phrases and thoughts seem normal here on FreeRepublic are often far outside the mainstream in normal conversation. We compain about the tinfoil crowd among us, but to most average people we are all wearing tinfoil crowns.

7 posted on 11/19/2008 2:48:55 PM PST by who_would_fardels_bear (The cosmos is about the smallest hole a man can stick his head in. - Chesterton)
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