From an American's perspective, Europe should be l...

2008-11-10T19:15:00.000Z

From an American's perspective, Europe should be lessening its economic and defense dependence upon the US. We are not only broke we are fighting two wars as the teeth of a financial crisis and economic recession sink in.

Obama has already proven he's a corporate socialist/capitalist willing to bail out failing "too big too fail" institutions. But unlike Europe Americans are uneasy about the 'bailout' formula.

It only worked in the past because it was confined to one industry, i.e. Chrysler, then the S&Ls, followed by the Airlines. But this time its acroos the board simultaneously, which requires more socialism than most American taxpayers can stomach.

Europe, don't miss the key messages: US taxpayers were against the banking bailout. US taxpayers are against the Automaker bailout. They are soon going to learn that the banks are not fulfilling their side of the deal and AIG is going to cue up for a second round.

Obama's honeymoon is going to be very short-lived. The sparks are going to fly as the financial and economic dominoes continue to fall through the first half of 2009. Don't forget that Obama already signalled that he's going to shift the military focus to Afghanistan/Pakistan. Will that mean a re-allocation of troops from Iraq to Iran?

We simply cannot affort the accumulated costs of increased government spending in the face of a global recession. What is Europe going to do in the face of a belt-tightening US consumer angry at Congress and its so-called business continually asking for more money...

Comments on Centre for European Reform: Farewell, Polish plumber

From an American's perspective, Europe should be l...