And guess what's next:
(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)
this is HUGE.
Here in the US, among other things, we could stand a real hard look, and real, meaningful action on our borders to halt illegal immigration in its tracks and ensure that our immigration policy is made healthy and then maintained strictly through legal immigration.
"Europe is back to the drawing board. Africa will become more important."
What can one say?
It is not possible to fight the poverty of Africa without out first fighting the culture of Africa that produces that poverty. Simply stuffing $millions down the rat hole of primitivism will accomplish nothing except waste more resources.
And guess what's next:
Africa may or may not be worth fighting for, But we need to get out of the Mid-east first. Dont spend a dime on Africa unless we get rid of the leaders of the countries that are not allowing human rights.
France should be in a panic about now. They were the main beneficiary of the whole EU scheme. They get massive subsidies for their farmers and it looks like that may be about to end.
My, what an inane statement.
Put the damn, over-valued euro to good use then! We'll continue to do what we have to do with our dollars fight for something worth fighting for while you take your high-value currency and shove it down some third-world pimps' pockets!
Would this be a good time to short the euro?
Buck up Tony, it's better this way.
Italy's muttering about putting the lira back in circulation...for some reason Italians have lost faith in the euro. Another nail in the coffin.
'Focus now shifts to Africa.' Last week, the BBC did a piece on the G-8 conference -- the main thrust was that Europe had done their bit and more to help the benighted Africans. Time for the richest nations to step up: Guess who? (America, Japan, and India.) But of course, the big bad boy is Uncle Sam. We don't give enough, do enough, grovel enough, etc.. Now that Europe is falling apart, they'll look to the US to solve the world's problems, and in the next breath blame us for poking our nose where it isn't wanted.
Power Line
http://powerlineblog.com/archives/010643.php
Maybe it Meant Something, After All
I was taken aback by this Sunday Telegraph article about English reaction to the "No" votes on the European Constitution in France and the Netherlands:
Tony Blair has given up on Europe as an issue worth fighting for, senior allies of the Prime Minister have told The Sunday Telegraph.
A leading Blairite cabinet minister made the admission last night as the European Union descended into deeper turmoil, with doubts surfacing over the future of the single currency.
Mr Blair, who will seek to shift the focus of his administration on to poverty in the Third World this week during talks with President Bush, has told his closest allies: "Africa is worth fighting for. Europe, in its present form, is not."
Most striking is the discussion about the future of the Euro:
Yet the crisis widened beyond the document alone, with a media offensive being mounted to bolster the euro after German officials and an Italian minister openly discussed its possible demise. In the first rumblings of a call for the franc to be reinstated, Nicolas Dupont-Aignant, a member of Mr Chirac's ruling UMP party, said: "France, Italy and Germany would be in a better state without the euro. However, I don't believe we should ditch it now.
"But either it is reformed, and the central European Bank kick-starts growth by lowering interest rates and pursuing a more American-style monetary policy, or the euro will explode in mid-air."
At the moment, the dollar is looking pretty good. As one Euroskeptic Tory says in the Telegraph: "You can't have a single currency without a single government. They are in a mess because they have only done half of it and they are now discovering in a painful way what that means."
When American corporations have lost their way and can't figure out how to improve their market position, a common "solution" is to merge with another similarly befuddled company. This allows both companies to "grow," and permits executives to put off hard decisions for years amid talk of "synergy" and restructuring. I think a similar phenomenon has been at work in Europe, where merger via the EU has been seen as a solution to all sorts of problems that Europe's peoples and politicians lack the will to address in a more meaningful way.
Posted by John at 08:29 AM