The EU

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Saturday, March 28, 2009

Comments on the Economic Crisis

A friend of mine, Charlie Spika, sent this along,with a note:
Mr. Daniel Hannan is a Conservative in the mold of Winston Churchill and Margaret Thatcher.  I sincerely hope he will soon become the next British Prime Minister.
Charlie spent several years living in the UK, working with the Brits.

The title of this "You Tube" (3:28 Minute) clip is "Daniel Hannan MEP:  The devalued Prime Minister of a devalued Government."  Mr Hannan is a little rough on his own Prime Minister, during the Prime Minister's visit to the European Parliament, on 24 March of this year.

The one thing this does bring up is the question of the best path out of the current economic crisis.  MEP Hannan says a Government can not spend its way out of such a situation. In fact, his nation, the UK, did not try to do so in the 1930s.  The result was that while there were pockets of poverty, the nation as a whole was on its feet by 1935.

Frankly, I don't know what will work and what won't work.  Ten years from now, if we do a good analysis, we will know.

Regards  --  Cliff

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