Fox News Channel’s Neil Cavuto closed his 4.pm. show Tuesday with possibly the most epic cable news rant of the year, torching European Commission President Jose Manuel Barroso for daring to blame the European economic crisis on North America.
“For god’s sake wake up and sniff your obviously spiked cappuccino,” Cavuto exclaimed while commenting in frustration on Barroso’s remarks during the G20 summit in Mexico Tuesday. “U.S. banks did not create your mess, you did. U.S. banks did not grant cradle-to-the-grave government protections that were unsustainable decades ago let alone today, you did. U.S. banks did not make austerity a foreign concept in Europe, you did. And U.S. banks didn’t force public workers to retire at age 52 or refuse to ask them to contribute so much as a single euro to their healthcare benefits, or their prescription drug benefits, or their ridiculously–unaffordable spousal and kid benefits, you did.
“You created the safety net and now you’re throwing us under the net? I don’t think so Peppe. We are many things in this country, but even our most gullible institutions aren’t half that stupid.”
Cavuto exploded after hearing Barroso’s remarks during a news conference on the first day of the G20 summit in Mexico Tuesday. When asked by a reporter why funds from North American governments should be used to help Europe, the Portuguese politician and European Commission President answered that there needs to be cooperation among the world’s governments, but noted that ”this crisis was not originated in Europe.”
19 Jun
Cavuto To European Commission – ‘Remember Who Magically Appears to Save Your Sorry Ass’
For that matter there is some indication that Europe’s Basel II Capital Accords were a significant contributing cause of the US mortgage bubble and a trigger of sorts for the US economic downturn in 2008.
Notwithstanding the fact that the Greek government got into this mess by engaging in mass accounting and financial fraud, this crisis originated when Europeans and the Portuguese in particular decided to stop having enough babies to support the over generous welfare state benefits:
Iceland
New Zealand
Mexico
Ireland
the USA and
Chile have a future.
Portugal has no future other than one wherein they will NOT live happily ever after.
http://portuguese-american-journal.com/birth-rate-second-lowest-in-the-world-%E2%80%93-portugal/
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Turkey’s ethnic Turkish birth rate is too low. Turkey’s Kurdish birth rate is substantial. Turkey has no future. Kurdistan has a very bright future.
SOCIALIST LIBERALS are all the same, no matter WHERE on the Globe they are… it’s ALWAYS SOME ONE ELSE’S FAULT!!! BWAHAHAHA!! I assume there aren’t ANY Libmen, who ARE men… they way they HIDE, from any responsibility for ANYTHING!!
Since they seem to think they know better than the US we need to pull all of our guarentees we extended a few weeks ago to help shore up their toxic countries. Let them fail, like children they need to be burned by the fire to learn not to play with it.
Frankly, I think we need to CUT funding, to ALL who “spit” on us!! Pakistan etc..etc. Any nation that espouses Socialism?? NO $$$$ we ought to STOP propping up, our OPPOSITION political wise…