17 thoughts on “Obama’s Coming Nightmare Decision”

  1. You heard it here first. If Mr. Obama would simply authorize the construction of the Keystone pipeline, he could solve all of our problems.

    Yep, you heard me right. Oil production is the engine that drives the world economy. Anything to turn the corner on production and supply will have an immediate economic effect as it will communicate to futures markets that the U.S. is serious about making more oil available, both to the U.S. and worldwide.

    I really thought that Mr. Obama would authorize the pipeline and tell the enviromental opposition to pound sand — who are they going to vote for, anyway? Are they going to stay home and get Republicans in charge of the Presidency and the two houses of Congress?

  2. What nonsense, the eurozone doesn’t need and shouldn’t want a US bail-out. The US has no reason to bail out the eurozone either. They may have to bail out their own *banking sector*, *again*, just like the Europeans.

  5. Bail them out with what? We’re broke and borrowing massive amounts of money. Why not go direct to China and cut out the US middleman? Well, Goldman Sacks would like to be the middleman to rake in a bunch more cash but how would that benefit Europe?

  6. Obama will just vote “present” and then blame it all on somebody else. Then he will ask for more campaign donations so he can run against the do nothing Congress.

    1. If by “vote ‘present'” you mean not throwing dollars down the rathole that is Greece and the other PIIGS, I’m all for it.

    1. Yes, they are going for even more drastic austerity than the previous government and they also intend to liberalise the labour market drastically, by August at the latest. The market has already factored that in though.

        1. Developments in Spain are a real reason for hope. There’s a lot of harmful blather coming from Anglophone punditry about how this is about remoulding the eurozone in the image of Germany (cue not-so-subtle hints about the war), how the ECB needs to print money etc. It is really disappointing to see the weak leadership offered by the likes of David Cameron, as this crisis finally offers an opportunity to move away from the failed Rhineland model and towards a more Anglo-Saxon model. But the Little Englanders would rather see a failed eurozone than a free market based one, or so it seems.

  8. Can you all read? That article is dated September 13 and confidently concludes with the words “… within the next month, and probably sooner rather than later.”
    So what’s the shelf life? Is it still any good? Why didn’t it happen by October 13th?
    Make no mistake – I expect Greece to default by year-end. But this did not happen. Commenters need to take that into account.

  9. Yes, I had a strong sense of deja vu about 3 sentences into this article, and realized I had read it a while ago. It may well still happen, but when is anyone’s guess.

  10. There was a time when you could [kind of] trust the different groups in Congress to hold back POTUS craziness, regardless of which side was sitting there. NOW, the WH has a guy who just does WTF-ever he wants, no holds barred, no rules, no regulations for HIM.

    Screw Congress.

    Screw the Constitution.

    Screw us.

    And given half a chance, he’ll do so for 5 more years!

    Screw THAT!

Comments are closed.