Posted on 11/09/2011 6:45:01 PM PST by martosko
Former Massachusetts Governor Mitt Romney said during CNBC’s Republican presidential debate that he would not bail out Italy’s struggling economy even if that nation’s debt problems threatened to sink the entire European financial system.
“Europe is able to take care of their own problems,” he said Wednesday night when asked if the U.S. had a stake in the eurozone’s continuing economic struggles. “We don’t want to step in and try and bail out their banks and bail out their governments. They have the capacity to deal with that themselves. They’re a very large economy.”
(Excerpt) Read more at thedc.com ...
He’s right.. to bail them out would not fix their problems nor make ours any better.
Even if we wanted to bail them out, with what would be bail them out with?
Bailouts in general are a bad idea. The institutions receiving the money rarely take the necessary corrective action and end up needing another.
With Romney’s record, if he is elected President he will probably commit US Treasury resources to bail out Europe as soon as he takes office .,...
One of the few times I’ll ever agree with Romney.
Is this his way to say he is conservative? There is no excuse for his heartlessness. He is an idiot not a politician. There is an old saying, 'if you have nothing good to say don't say anything.
This is the type of conservationism that plays in the hands of socialist. I really dislike this guy
So even lefty Romney’s right about one thing. Big deal. Most of America by far is against bailing Italy or any other European nation out of its socialist debt. Our own socialist debt is beyond remedy.
Some quotes from the words of George Washington:
“Why, by interweaving our destiny with that of any part of Europe, entangle our peace and prosperity in the toils of European ambition, rivalship, interest, humor or caprice?”
“Nothing is more essential, than that permanent, inveterate antipathies against particular Nations, and passionate attachments for others, should be excluded...The Nation, which indulges towards another an habitual hatred, or an habitual fondness, is in some degree a slave. It is a slave to its animosity or to its affection, either of which is sufficient to lead it astray from its duty and its interest.”
Poll: Young Americans Favor Less Government Spending
http://www.freerepublic.com/focus/f-news/2805096/posts
We tried that in 1919. I think this way worked out better in the long run.
which ones? ...and how much?
Don’t worry, Europe. That’s his answer today.
It’ll change again tomorrow.
And again.
And again.
I typically find myself agreeing with approximately half of what Mitt says on any particular issue.
The problem is, the leftists agree with the other half and they seem to be more confident about what they'll end up getting from him than I am.
We did that with the Marshall Plan which was intentionally punitive toward Germany per FDR. It was revenge. Not until the artificial restraints on German recovery did their ‘miracle’ occur.
We repeated it post WWII per FDR’s instructions. Germany was economically punished and until that wicked policy was lifted Germans suffered terribly.
I concur. We need a man of principle.
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