Obama gets schooled from the Chinese

CNN just spit their coffee out at their monitors watching this. You better believe they are already writing a "CNN FACT CHECK" about this particular skit.

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Wall Street shows you how to make a million dollars......you start with a 100 million.

So "that's" the problem....its all so simple!

sent by Phil

USA looks pretty good as Europe meltsdown

As bad as the economy is in America, the situation is much worse in the Europe. Iceland is bankrupt and the government has been toppled. France and Latvia are facing rioting in the streets. Other European governments are watching their currency value collapse and unemployment rise to staggering levels.

France paralyzed by a wave of strike action, the boulevards of Paris resembling a debris-strewn battlefield. The Hungarian currency sinks to its lowest level ever against the euro, as the unemployment figure rises. Greek farmers block the road into Bulgaria in protest at low prices for their produce. New figures from the biggest bank in the Baltic show that the three post-Soviet states there face the biggest recessions in Europe.

This is not a cumlitive effect.....this all happened in just the last week. Just goes to show what I've always said about the news media and politics in Europe...they love to focus their populace on everything bad about the US, to keep them from seeing how bad it actually is in their own backyard. Any wonder why they love Obama so much?

Europe decline could be worse than expected, Brussels admits

Europe's social model is unable to tackle the modern challenges of globalization, and has left Europe with gigantic problems. A high public debt, huge unfunded pension liabilities, a rapidly ageing population, 19 million unemployed, and an overall youth unemployment rate of 18%.

Persistent financial turmoil, the fallout from a deepening US downturn and resurgent oil prices are set to inflict a more severe slowdown on the European economy than previously expected, Brussels said yesterday.

Economists said that despite Brussels cutting its previous forecast of 2.2 per cent growth, its view remained too rosy. Independent analysts expect eurozone growth to drop to 1.6 per cent or less this year. STORY

Economic Indicator

A friend of mine who is native Belgian, says forget about statistics, here is the true economic indicator for Belgium. When you get a Cote d'Or with your coffee, things are going good. When you get a biscuit........not so much.