Wednesday, June 22, 2011

GREEK PRIME MINISTER WARNS AGAIST DEFAULT

Protests in Syntagma Sq, Athens - Reuters
As much of a mess as the Greeks are in economically, they are smarter than our Republicans as they recognize and are warned about the consequences of default.  They are preparing for austerity with a vote of confidence for their Prime Minister.though protests have been prevalent.  It proves that we all have feelings about being lied to for the gain of politicians and bankers.

Americans are being fed propaganda through Grover Norquist and Americans for Tax Reform, the group he heads.  There are very few who have showed their love for country by refusing to pledge to Norquist and some who have blatantly violated their pledge.  One must question why any elected official should sign a pledge to other than those who voted him into office.  What might I be missing? That they do not see the voters as putting them in office but see the butter on the side of their bread spread by men like Norquist, the Koch brothers, lobbyists who write legislative bills for them, and others less visible to the eyes of the taxpayers who are slope shouldered from carrying the burdens rich men are refusing to share.

France and Germany agree on aid to Greece.  While there are many who want out of the European Union for Greece, this is clearly one of the advantages for Greece to have joined.  But there is no bail out for us, Americans.  If I hear one more person say we can no longer blame Bush I'm not sure if my sanity will hold.  Of course it was Bush that put us so in debt and he and the Republicans have done nothing to get us out.  While we are being told to go 'Green', I don't think they mean it to be through their greed.

1 comment:

Frank J. Lhota said...

The Papandreou supported austerity package includes deep spending cuts, and increased privatization. If these measures are praiseworthy when practiced in Greece, why not try them here?

The French and German governments have backed the new Greece bailout, but the bailout is highly unpopular among the voters of France and Germany. Angela Merkel may very well have her coalition's chances in the next election over this issue. It is not hard to understand why German voters dislike the bailouts. While the Greek government was running up deficits, the German government practiced fiscal discipline, which is why Germany is in much better financial shape than Greece. Many German voters believe that the rewards for their austerity should go to their fellow citizens who shown restraint, rather than to a foreign government that did not.