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Economic Recovery: Not Happening Until Spendaholic Obama Admits He Has a Problem

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Posted on July 1 2010 12:00 pm

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Lately the United States and Europe have been big-time party animals, and unchecked counterfeiting, confiscating, and wealth-spreading was their drug of choice. At least until the Europeans woke up with a roaring hangover in the smelly gutter known as Rock Bottom.

That’s why last week’s G20 summit in Toronto reminded me of the 1962 movie, Days of Wine and Roses, with Europe playing Joe in the final scene, telling his co-dependent alcoholic wife, Kirsten, that he has had enough.

“You remember how it really was? You and me and booze — a threesome. You and I were a couple of drunks on the sea of booze, and the boat sank. I got hold of something that kept me from going under, and I’m not going to let go of it. Not for you. Not for anyone. If you want to grab on, grab on. But there’s just room for you and me — no threesome.”

But just like Kirstin insisted that her miserable alcohol-based problems could only be solved by more booze, President Obama ignores jaundiced indicators and dogmatically contends that his money-printing, wealth-redistributing, debt-tripling bender will eventually save us.

Not only that, but he demanded Europe do the same. Wow. At least Kirstin didn’t try to browbeat Joe off the wagon and into an early alcoholic grave along with her.

Peter Schiff explains the error of Obama’s compulsion to distort the natural forces of the free market with printed, borrowed, and confiscated dollars:

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