With apologies to Amy Heckerling, Alicia Silverstone, Stacey Dash, Brittany Murphy, et al, American “progressives” are proving once again that they are clueless. Absolutely, utterly, painfully, hopelessly, ridiculously clueless.
Evidence: Germany’s reaction to White House suggestions that the EU increase the money available to its bail-out mechanism (EFSF) beyond the current €440bn limit.
Consider these excerpts from a UK Telegraph article:
Berlin savaged plans to boost the EU rescue fund as a “stupid idea” and told the White House to sort out its own mess before giving gratuitous advice to others. German finance minister Wolfgang Schauble said it would be a folly to boost the EU’s bail-out machinery (EFSF) beyond its €440bn lending limit by deploying leverage to up to €2 trillion, perhaps by raising funds from the European Central Bank.
“I don’t understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense,” he said.
Mr Schauble told Washington to mind its own businesss after President Barack Obama rebuked EU leaders for failing to recapitalise banks and allowing the debt crisis to escalate to the point where it is “scaring the world”.
“It’s always much easier to give advice to others than to decide for yourself. I am well prepared to give advice to the US government,” he said.
Come to think of it, wasn’t the U.S.’s AAA debt rating downgraded because of a demonstrated inability by American “progressives” to curb historic, mammoth deficit spending? In fact, with the outspoken support of his fellow “progressives”, the current White House occupant seeks to dig an even deeper economic hole by spending still more.
After three years of centrally planned big government bailouts and failed “stimulus” spending, the U.S. economy is in the worst shape it’s been since Jimmy Carter’s administration. It’s gotten to the point that members of the EU, an organization which includes countries heavily populated by Socialists, are openly and aggressively rejecting economic advice from the United States. It’s so bad that even Coca Cola, a quintessentially American company, is openly characterizing economic conditions in Communist China are more favorable to conducting business than those in America.
At this juncture, it would be perfectly appropriate for you to think: “Perhaps someone who’s flunking class shouldn’t be my tutor”.
For the current administration to expect others to take their economic advice is akin to them expecting an unmarried couple to accept marriage counseling from Elizabeth Taylor and Richard Burton.