Hennessy's View

Domine, non sum dignus

Terrific: U.S. Pumping $$ into European Economic Abyss

Break out the Depression Glasses to toast the Obama Administration’s latest foray into economic disaster. Just posted on WSJ.com: BREAKING: The Federal Reserve and other central banks open a credit line to send dollars to Europe to ease debt crisis. Yes, folks. Your taxes are going up, your kids are going deeper into debt, to bail out lazy, overpaid, spoiled Greek socialists. Thank your president. The U.S. move follows a panicked decision by EU leaders to pump hundreds of billions of $$ into failing socialist economies in Europe to avert a global economic collapse. Read more →