For some strange reason the adage “Socialism can only last until it runs out of other peoples money” (Margaret Thatcher) keeps coming up in my mind. I do not know for sure if it is applicable in this instance, as well as Greece, Portugal etc.
I also keep on wondering why it should be up to the Germans to support people in other countries so they can continue with a life style they have become accustomed to. I feel the same way for tax payers in this country, why on earth should my tax Dollar be used to support union people (GM) so they can have a trouble free ride even so many of us have a rough time in this economy.
I am quite sure there may be some experts on Free Republic to correct my faulty thinking and tell me where I went wrong.
I’ve thought for a while that these bailout band aids will continue through the 4 Nov elections. Basically, anything no matter how expensive or ludicrious will be initiated in order to keep the Markets “stable” enough to ensure Obama’s re-election. After that, however, watch out: the bill will come due with a vengence for all these Market distortions.