Wednesday, March 25, 2009

The Road To Hell

I loved this quote from Czech Prime Minister Mirek Topolanek to the European Parliament on Wednesday. He has clearly stated what most of us are thinking here in America.

Obama's Stimulus plans and Spending Proposals are Killing Us as a Nation.

The heads of Europe are perhaps doing what "We the People" can't. Our socialist leaders want to be more like Europe and are going with full gusto to get there. Now they have been slapped down by the very ideals they worship.

EU president calls Obama's plans to spend his way out of recession 'the road to hell'

But Topolanek took aim at Washington's deficit spending.

"All of these steps, these combinations and permanency is the road to hell," Topolanek said. "We need to read the history books and the lessons of history and the biggest success of the (EU) is the refusal to go this way."

"Americans will need liquidity to finance all their measures and they will balance this with the sale of their bonds but this will undermine the liquidity of the global financial market," Topolanek said.

I know some of you are going to point out that Topolanek is pretty much out as a leader and there are several EU nations trying to back peddle from this remark but the big three; France, Britain and Germany, haven't mentioned the remarks. Does that mean they are in agreement? Germany has clearly spoken on stimulus spending and the word is "NO".

The world runs on the US Dollar and deficit spending reduces the value of the dollar and destabilizes most of the world markets. I wish to applaud Topolanek for having the guts to stand up and say what needed said.

Labels: , ,


Post a Comment

Links to this post:

Create a Link

<< Home