Wednesday, November 02, 2011

Another day, another Greek bail out

Sometime back in late spring, the markets went wild on the news that the Germans had agreed to bail out Greece. At the time, Lex opined that the Greeks would need another bail out by summer’s end. Well to be honest I don’t know if the Greeks made it to the end of summer or not. They have pretty much been in the news everyday. For a casual observer, I’m not sure if “trouble in the Euro zone” equals trouble caused by the Greeks or not. But we know whatever was done in the spring didn’t work.

Now we’re talking bail out again. It’s like Lindsey Lohan’s 5th or 6th visit to rehab. You hope it works this time. It’s like Mickey Rooney’s 7th or 8th marriage. You hope it works this time. It’s like the Cubs’ 104th run at a World Series title. You hope they make it this time. It’s like the P-BO telling the truth for once, as in, “Hell no I’m not qualified to be president. I never was.” But in each case you know deep down that it won’t work and ain’t happinin’.

Until the Greek nanny state can be deconstructed, it useless to pour more money down that sink hole. It’s like trying to patch the gash in the side of the Titanic with a quart can of Bondo. It isn’t going to work, and everyone knows it. It’s like trying to reduce your deficit by spending more money. No wait. That’s what we’re doing. And according to the Slowest of all Joes:

“We’re going to go bankrupt as a nation. Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’ The answer is yes, that's what I’m telling you.”

And that Mr. & Mrs. America is $h!t you cannot make up. If you sat down for six months with team of comic geniuses and tried to construct a dumber line of reasoning for Homer Simpson, it would be impossible to do so.  This is close:

Yes Marge, that is what I'm telling you.  I have to go down to Moe's and drink more beer so that I can stop drinking.

Somehow, it almost sounds reasonable coming from Homer.  Yet this Biden doof, this monument to idiocy, is not a yellow cartoon character.  He's one heart beat away from the presidency. Pray, pray brothers and sisters for the safety of the P-BO.

I can tell you this. The overwhelming anecdotal evidence from my travels in Europe is that very few waiters, waitresses, bar tenders, travel guides etc. wanted or support the Euro monetary system. The former communist in eastern Germany were the exception. Almost to a man or woman they detested the money and European Union. So how did it end up getting foisted upon them? Well how did we get P-BO care? Take another look at the picture at the top of the post.

That’s how this stuff happens.  It's all pre-cooked.

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