Thursday, November 13, 2008

What This Is All About

Socialism and anti-American sentiment dovetail nicely in the dreamland of Europe. This opportunity must have them wetting their pants. A financial "crisis" and a liberal senator in the White House? Game on, baby:

German Chancellor Angela Merkel last month attacked ``greed, speculation and mismanagement'' and today called on counterparts to agree an end to ``blind spots'' in the financial system. Rudd said ``the root of this malaise'' lay in the ``twin evils'' of greed and fear that went unchecked because of ``obscene'' failures in oversight.

While defending capitalism as the ``most efficient system ever created,'' Sarkozy has described as ``over'' the view that ``everything could be solved by deregulation, free competition and the market.'' The French president said today he will argue the dollar ``can't claim to be the only currency of the world anymore.''

And:

Mr. Bush called the weekend G-20 meeting in Washington in response to persistent and widespread calls among European leaders for tougher regulation of the global financial system, and particularly what some European leaders view as the overly-volatile U.S. system. French President Nicolas Sarkozy, for example, has referred to the U.S. devotion to free-market principles as "mad" and has called for an international financial regulator.

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