EU Finance Ministers to Talk Over Worries
That Slowing US Economy Will Drag Down EU

From the AP via Yahoo courtesy of AlterNet:

European Union finance ministers open two days of talks Monday to discuss the United States' slowing economy, feeble dollar and massive current account deficit as major problems for the EU and the rest of the world.

Europe is starting to feel the bite as the U.S. dollar plummets, making French wine, Italian fashion and German cars expensive purchases for the EU's main export market in the U.S.

Click here for the rest.

What a fine irony it is when socialist Europe fears capitalist America dragging it down into the crapper.

Throwing aside for a moment all debate about the European-styled welfare state versus the brutal but successful-by-reputation American "free market" system, it's pretty damned clear that the US government and American business leaders have been extraordinarily irresponsible for these past few years. They've outsourced everything that's not nailed down, allowing our manufacturing infrastructure, which creates real stuff as opposed to the abstract ideas generally referred to as "finance," to languish, which has also dealt the US consumer market a deadly blow, as class stratification proceeds to make America look like a lop-sided hourglass, with a small bubble of wealth at the top, a big bubble of poverty at the bottom, and almost nothing in the middle class range. They've not only ignored, but vigorously denied, global warming, which is now beginning to have devastating economic impacts worldwide. They've poured hundreds of billions, trillions really, into the black hole known as health care administration, while claiming that it's all good for the economy. And they've wasted even more on the invasion and occupation of Iraq. The list of economic irresponsibility just goes on and on.

It's very funny how the socialists are kicking our capitalist ass.

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$