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View Diary: Jobless rate hits 8.2%. 'Missing workers' make the situation look better than it is (349 comments)

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  •  Europe is a festering tumor that has to be... (1+ / 0-)
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    Dealt sooner rather than later.  There is noting Obama can do to help this economy, or for that matter ANY US politician.  It's over.....We are facing the "abyss" of something MUCH worse than 2008.  Spain is flat out broke and with sky high employment, is turning into the vortex of a gigantic economic/financial black hole.  Spain is too big to bail out.

    Lecturing about the merit of the creation of the euro itself, and why such undynamic nations such as Greece were let in, is analogous to "whistling past the graveyard".  And there are some truly awful ideas being floated around to hide the end result.  Heck, there was a market rumor that WE were going to bail out Spain yesterday.....LOL!

    Sort of like the rumor early on that China was going to bail out Europe.....

    We stuck (would like to use a certain 4 letter word beginning with the letter "F").....we have to pay the price of truly awful ideas.   As I tell everyone, just be careful.  We live in a global economy, and as such, we are being held hostage over Europe.....

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