Quick question: when Lehman collapsed and our markets were in turmoil, in what fashion did the euros come to our aide?
Are not they the self proclaimed "world's biggest and most important market? Aren't they the enlightened ones? Is not Europe the society which our own "elites" ape and envy?On what level could we simpleton Americans "help" these advanced and sophisticated societies?
I love all kinds of interventions: TARP, stimulus, takeover, quantitative easing -- you name it. But with Europe there is a very special reason to help.
We protected Europe for decades, to the tune of hundreds of billions, if not trillions, of dollars and Europeans loved us dearly for it, showed their gratitude to us and stood by our side whenever we needed them. We cannot abandon them now.
And yes, don't let me forget - Europe is, not feeling too good. Something to do with sclerotic liberal economy and "youths". It will get worse soon. Don't be surprised -liberal policies are quite advanced in Europe - like the advanced stage of cancer. I believe the Europeans should run for their life...