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Thread: Obama: Solving Euro Crisis of ‘Huge Importance’

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by Higgins86 View Post
    same policies that created this mess, you mean Capatalism then? As for America your in the same situation has Europe you are in massive debt and your GDP is dropping, you have borrowed billions from the Chinese and recently nearly defaulted yourself. This mess was not just created by Europe so you can get off your high horse right now!
    If you have any idea how things work you would know that we were nowhere near default. It was just the wailing of crybaby politicians.

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by 1Perry View Post
    I wish they would have taken that position long ago.

    but they didn't and now we have to deal with the consequences. This notion that we can simply choose not to bail out currencies and major countries has to stop, America has no choice they have to help bail out these european nations as do Germany, the UK and France. We sink or swim together now!

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by 1Perry View Post
    If you have any idea how things work you would know that we were nowhere near default. It was just the wailing of crybaby politicians.

    oh sorry so America GDP isn't dropping like a rock and America isn't billions in foregin debt, please enlighten me because you obviously have information that the rest of the world doesn't.

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by Higgins86 View Post
    but they didn't and now we have to deal with the consequences. This notion that we can simply choose not to bail out currencies and major countries has to stop, America has no choice they have to help bail out these european nations as do Germany, the UK and France. We sink or swim together now!
    Sorry, I disagree. It's impossible to "bail out" this mess. Someone (a lot of someone's) are simply going to have to eat some large losses.

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by 1Perry View Post
    Sorry, I disagree. It's impossible to "bail out" this mess. Someone (a lot of someone's) are simply going to have to eat some large losses.

    that would be pretty much everyone then.

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by Higgins86 View Post
    oh sorry so America GDP isn't dropping like a rock and America isn't billions in foregin debt, please enlighten me because you obviously have information that the rest of the world doesn't.
    We can simply turn on the printing presses.

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by Higgins86 View Post
    that would be pretty much everyone then.
    Hell of a lesson, eh?

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by 1Perry View Post
    Hell of a lesson, eh?

    cant argue with that

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    Quote Originally Posted by 1Perry View Post
    If you have any idea how things work you would know that we were nowhere near default. It was just the wailing of crybaby politicians.
    Tell that to your grandchildren when they are stuck with the debt from our recklessness, irresponsibility and stupidity

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    Re: Obama: Solving Euro Crisis of ‘Huge Importance’

    Quote Originally Posted by VanceMack View Post
    Tell that to your grandchildren when they are stuck with the debt from our recklessness, irresponsibility and stupidity
    Yep, I guess that's what they said after WWII.

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