Tuesday, March 3, 2009

European Bailout?

The Prime Minister of England is meeting with Obama to seek Americas help to bailout Europe. We have enough on our plate right now with our country. Europe should first help themselves more. There interest rates are way higher than ours and they should be dropped to near zero like ours. Second they have spent twenty five percent of what we have as a percentage of GDP to stimulate the economy. They need to spend their own money before asking us to spend more of what we don't have to help them. If Obama goes this route than I fear he is more than just a socialist. He may be of the one world order crowd. Watch this carefully as it develops. As a side note I commend all the people in this country starting their own "tea party's" to protest higher taxes and reckless spending. Keep up the good work!

1 comment:

  1. Why doesn't Europe just borrow the money from China like we do?