"Things are getting worse and worse in Greece. There is no future for the next few years there," says Christos Christoglou, a Greek inspection engineer who moved to Germany to find work.
MAINZ, Germany – Thousands of well-educated workers are fleeing Greece as the eurozone crisis batters their homeland.
Germany, Europe's economic powerhouse and a country which has been criticized by many Greeks over its harsh demands for austerity cuts in return for bailout cash, has experienced an influx of young skilled immigrants.
Der Spiegel magazine noted that while Greek newspapers "printed cartoons depicting the Germans as Nazis, concentration camp guards and eurozone imperialists who allow their debtors to bleed to death," the Greeks have kept arriving – bringing an "anything is better than Athens" attitude with them.
With more than 50 percent of young Greeks out of work, it's not surprising that official statistics show the number of Greeks who moved to Germany increased 90 percent during 2011.
Unemployment rates have consistently been shrinking in Germany in recent years and the economy is thriving despite Europe's ongoing financial crisis. Relaxed cross-border employment regulations for member states of the European Union also make Germany an attractive choice for job seekers. And while Germany is in need of specialized workers, the Greek labor market has little to offer.
Leftist tipped to be next Greek leader warns of 'Cold War' over cuts
"It is virtually impossible to find a job in Greece at the moment," says Christos Christoglou, an inspection engineer who took a job at German chemical and pharmaceutical giant Bayer at the start of the financial crisis in June 2010. "It is not that there are only very few jobs for young graduates to seek, no, there are none, zero, there is nothing."
A year after moving to Germany, Christoglou's wife Mary and their 5-year old daughter Georgina joined him last summer. The family now lives in a four-bedroom apartment in Leverkusen. They are likely to stay for good.
"My wife, an English teacher, and our daughter, do not speak German yet. But my Mary will soon also try to find a job," Christoglou told NBC News. "And while, yes, it is quite difficult to be without our close friends and family in Greece, I do not want to waste my six years of intensive studies to find myself without hope for the future."
Christoglou, 38, says incentives are needed to prevent Greece's well-educated workforce from abandoning the country.
"I know many Greek academics, but also ordinary workers, who have moved to wealthier European countries, like France, the Netherlands or Sweden," he added.
Greek debt woes put Europe on financial knife edge
According to Germany's national statistics office, some 24,000 people left Greece last year to live and work in Germany, almost double the number who did so in 2010. However, Der Spiegel quoted Hamburg-based immigration expert Vassilis Tsianos as pointing out that those figures did not include people who had not registered with German authorities. Tsianos told the magazine he estimates that 60,000 new Greek immigrants arrived in Germany in 2011.
There was also a significant spike in the number of immigrants relocating to Germany from other economically depressed southern European countries last year, with official statistics showing an increase of 52 percent from Spain, 28 percent from Portugal and 23 percent from Italy.
So much for 'the Spanish dream': Euro crisis turns suburbs into ghost towns
Until a few weeks ago very few people had heard of him, but Alexis Tsipras could soon be the next Prime Minister of Greece. His anti-austerity stance won his party second place in the recent election, and the forecasts for next month's run-off suggest they could do even better.
The recent arrivals include 27-year-old IT specialist Vasileia Paschali, who decided to bid farewell to Greece's political and economic turmoil and arrived in the quaint southern German city of Boeblingen nine months ago. She didn't speak a word of German.
"The most difficult thing was learning German, it was terrifying at the beginning," Paschali told NBC News. "Life is so quiet and structured here in Boeblingen, which is quite a contrast to the hectic routine I experienced in Athens."
She responded to a job offer from German engineering development supplier Ruecker, a company which mainly services the automobile and aviation sectors.
Europe told to prep for Greek exit scenario
Wiesbaden-based Ruecker is actively recruiting technical engineers from Greece, Portugal, Spain and Italy, offering them a two-month paid language course followed by an open-ended contract with a guaranteed base salary of about $4,500 per month.
"There are simply not enough qualified applicants on the German market," says Thomas Aukamm, who works for Ruecker's marketing and recruiting department. "These are investments that we need to make in order to secure the workforce that we work with in the future."
The company has received about 3,500 applications, mainly from southern European countries, and is presently evaluating about 500 of them.
"Even if we could only fill 10 percent of the open positions, we would be very happy," Aukamm added.
Many residents fear that a slow economy is cutting into the number of foreign visitors. NBC's Stephanie Gosk reports.
'Leaving everything behind'
For Paschali, whose parents, 28-year-old brother and other close family members remain in Greece, the move to Germany was not an easy choice.
Paschali already had a job at a local company in Athens, but she was forced to accept a 20 percent pay cut due to the financial crisis.
"Leaving everything behind with an uncertain future was difficult, of course, but I was seeking stability and believe that I can find it here in Germany," says Paschali, who is originally from the rural town of Trikala.
Greeks withdraw $894 million in one day
Greece's national unemployment rate presently stands at nearly 22 percent overall – German tabloid BILD has depicted Greeks as "lazy" – and widespread protests against the government's austerity measures continue. However, an estimated 70,000 engineering positions remain unfilled at the moment in Germany.

Courtesy Anna Sioki
University graduate Anna Sioki moved to Germany from Greece two years ago. "I was one of the lucky ones because I left at the beginning of the crisis," she says.
"Germany's skilled labor shortage could have severe economic consequences," said Dr. Ina Kayser of the the German Association of Engineers (VDI). "We estimate that the labor market could face economic losses of up to 7 billion euros, or nearly $10 billion, as a result of, for example, production delays or necessary relocation of production abroad."
Other German business sectors are also starting to look abroad.
'Vicious circle': Europe crisis threatens world economy, OECD says
Hospitals and private medical practices are also in need of highly trained personnel, especially in Germany's rural areas, where many workers have migrated to cities.
Karl Horn, staff manager at the Rheinhessen Clinic in Alzey, says that health care executives are increasingly looking at the southern European labor market.
"We've already sent out tweets in Spanish to advertise openings at our clinic," Horn said.
Why so glum? Germans struggle to find joy, poll suggests
Despite a degree in applied foreign languages, Anna Sioki was only able to find work at a book store in Thessaloniki after finishing her studies in 2009. She decided to come to Germany two years ago.
A new election is scheduled for June 17, as debate continues over the country's place in the euro zone. NBC's Stephanie Gosk reports.
"I was one of the lucky ones because I left at the beginning of the crisis," the 27-year-old told NBC News.
Her parents were not as fortunate. Sioki's father, an electrician, had to close his shop due to a lack of business and has been unemployed for nearly two years. Her parents now live on a small pension that her mother receives.
"It is pretty bad that all the specialists are going abroad," Sioki self-critically remarked. "How is Greece supposed to make progress that way? But, I see no other solution for myself and the other young Greeks."
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- Britain's PM eats humble pie over snack tax
- At least 16 killed in 5.8-magnitude earthquake in Italy
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Follow us on Twitter: @msnbc_world


Brain Drain? Looks like job openings to me. If I was Greece I would be planting my victory gardens now.
You say that like there are actually jobs available. That's the whole reason why most of them left in the first place. No future in Greece at the moment, maybe never.
By the looks of their inability to adjust to their new reality, the brain drain in Greece had already happened.
The United States is in line to get our country foreclosed upon, just like what’s happening to the European countries. The entire banking system is corrupt and rigged and the rating agencies are insignificant. Spain is the next Greece. It is just one of the dominoes that is falling as the money junkies move in to buy countries for pennies on the dollar who are involved with the Federal Reserve.
The governing elite of psychopathic bankers/Federal Reserve, Wall Street, corrupt politicians, and powerful mega-corporations create crises, then save us from the crises they created, while accumulating more control, wealth and power. This perpetual swindle has been going on for decades and has reached its zenith. This demented psychology is called Problem – Reaction – Solution.
It is time to remove and arrest this criminal cabal that has enslaved humanity.
I think most people have figured out that Wall Street is one of the most corrupt and ethically deprived institutions on our planet. I think most people also know the media is bought and sold just like most politicians. We also know that Wall Street is one of many tools of the elite but not the main tool. What is very clear is that our financial system has an architect and carefully designed plan that is playing itself out in Europe.
The International Monetary Fund (IMF) is very brazen in its fear mongering that we have lost a decade economically. Especially since the IMF has been one of the biggest contributors to perpetuating the instability of the European crisis. The dominoes are beginning to fall in what is an orchestrated attempt by the banksters to consolidate Europe and eventually the rest of the world’s economies under one umbrella that is to be controlled by those that have always controlled currency and money. The most egregious aspect of this contrived extortion is that they are blaming the people who are the backbone of any economy instead of their greedy corrupt political and business leaders.
George Papandreou was pressured to quit because he lapsed into a morally and ethical responsible position by trying to give the people of Greece a say in their economic future through a referendum. This vote would have given the Greek people the choice to stay in the Euro zone and allow their country to be foreclosed upon by the banksters or leave the Euro regain their sovereignty and coin their own currency once again. The IMF bullied the smallest country as a litmus test for what is going to be a much more challenging foreclosure process when it comes to the larger economies. Spain and Italy are now in the cross hairs. This dilemma you are watching unfold goes to the core of the rotten apple that is the world’s financial system.
Folks, you are witnessing the death throes of a desperate corrupt financial system where the stock markets and the fractional reserve banking system are at its core. The volatility in the stock markets are a microcosm of the greed, theft and corruption that has perpetrated all aspects of our and other countries economic systems. In the United States, It doesn’t matter who’s in office. Our political system has turned into a two headed one party system with both parties serving their masters, Wall Street and the banksters/Federal Reserve. The stock market is just another ponzi scheme whose intent is to fleece the gullible at the bottom of the pyramid. The stock market is a rogue element of a financial system that is meant to funnel the wealth to the elite/banksters who soicopathically control our financial lives. It is reaching a point where there is nothing more to take from the 99% of the world. The banksters would separate you from your rainy day fund if they could gain access to your shoe box or secret compartment in your purse or wallet. The stock market isn’t the main problem; it’s the fractional reserve banking system that has set the foundation for outright theft. We are experiencing the biggest bank and investment robbery in history and the banks and financial institutions are doing the robbing. When you blame one political party or another they have you right where they want you, in fear, divided and distracted to the theft that is going on right in front of your eyes each and every second of the day.
When you have people on Wall Street day trading and speculating making half a million dollars a year in their twenties betting on people being foreclosed on, you need to ask yourself what is the true purpose of our banking system? At the moment it is largely a theft on the American public. MF Global CEO, ex Goldman Sachs CEO John Corzine knows this and knows that nobody with his connections have served any time for stealing the investor’s money (1.6 billion at last count). The financial system’s main mission should be to allocate capital to areas of greatest growth in the real world economy. Yet they allow all kinds of broker speculation and financial gimmicks such as the derivative markets which are based on non-realistic side bets which are now in the quadrillions. The derivatives market was illegal for most of the 20th century.
The European banking crisis is a prime example of what is going to happen to all economies associated with stock market fraud and the Federal Reserve banking system. The financial strife in Greece is the model that will befall most countries. Greece is but a symptom of a cancer that has attached itself to the world’s economies. The Federal Reserve (which is neither federal nor a reserve) has been creating money (monopoly money) out of thin air and charging interest on it insuring a debtor economy for anyone who chooses or is forced to get involved with the Federal Reserve and their fractional reserve banking system. That is why this whole European or any countries current debt crisis will never be resolved and will be preyed upon by the stock market vultures. The Federal Reserve System is designed to cause economies to fail.
If someone loans you two dollars to run your economy and expects three back for the loan and interest how are you going to pay the third back? You can’t unless you borrow more dollars which puts you in perpetual debt and in a constant borrowing cycle to pay off the debt. This is designed not accidental.
Here’s the kicker, once the Federal Reserve/banksters have you struggling to pay off your interest, they send in their loan sharks the International Monetary Fund (IMF). The IMF will loan you money to cover your ever burdening interest payments but they attach a provision that if you default, you will have to give them your assets in what they call privatization (foreclosure).
Since the interest is exponential, you will default and the banksters will come in and try to foreclose on your country, like Greece, Spain’s next. They are being told to sell off their own country to pay back the people who caused the mess to begin with. This allows the elite to steal your intrinsic valuable assets because they gave you paper (loans/debt) and the interest on the debt that is systematically impossible to pay back. This also allows the parasitic stock speculators to profit from this designed theft. They not only know the outcome of an economy, they can gamble on the economic bubbles at the investor’s expense. This cancer goes all the way down the food chain.
In the United States case, it doesn’t have to be that way. In our constitution, in Article 1, Section 8, it stipulates that we can “coin money” as a nation and avoid the Federal Reserve’s interest (fee charged on loans) black hole.
The Federal Reserve has a 100 year charter and it is up in 2013. We have to stop these banksters from gaining an extension by our corrupt paid off politicians. If we can stop the extension, our income taxes will drop dramatically! End the Fed!
So don’t be fooled that the Europeans have come to grips with their financial debt, it’s impossible, it’s a designed virus that has spread around the globe. The Europeans are now replacing their leaders with technocrats/ex Goldman Sachs banksters. These people haven’t been elected by anybody. The stock market vultures will continue to contrive “financial instruments” (credit default swaps/credit derivatives) to defraud the people of the world.
The Federal reserve at the end of the day, is just another private company and its debts are NOT the debts of America or the American taxpayer. What we are looking at folks, is the demise of the most vile and corrupt institution ever put on Earth
Banks, Central banks, World Bank, BIS, IMF = Federal Reserve = Debtor economies, Debtor Nations (economic slaves) and carrion for the stock market derivative heist.
Gee, and Obama and the rest of the G8 ganged up on Merkel? Perhaps they can learn something from her. Maybe they are just jealous of a woman? How dare she show them up? This is what happens when you live beyond your means!
http://www.msnbc.msn.com/id/47489892/ns/world_news-the_new_york_times/t/g-lean-toward-obama-growth-not-merkel-austerity/#.T8X1irBPsdU
Austerity did not work in Greece and it will not work in the US. Tar and feather Grover Norquest and run him out of the country on a rail.
Coming soon to America. : (
The deficit is growing by the trillions.
Howardusa,
How would anyone know? Neither country has tried it.
Greece has spent so incredibly much more than they produce that it has no good options. Eventually there won't be a sucker left on the planet to lend Greece more money and they WILL live within their means.
As for the U.S., how are all the massive deficits working out? Do you think we can spend our way to prosperity? Do you think that if you take enough from the makers and give it to the takers that the productive people will just decide to work harder and invest their money so that the profits can be confiscated by the government? Have you looked for a second job so that you can give all the money to the government?
I would not be surprised if they start moving here looking for quality work. There are thousands of jobs here in the US, but Americans are unqualified to fill them. Many people just do not want to go back to school, or they just find it very difficult when they get to be older and with responsibilities.
I think it is logical for these young persons to leave. If there is not a job market for their skill set, then they need to go where there is. Greece number one business is tourism, not much need for engineers there.
Economan is right howardusa, Greece has yet to take on any serious austerity measures. Hence why Germany, who is holding the money, wants a show of good faith from them that they will do what is needed before giving them the money.
Oh and TrustVerify - you do realize the country went to the bank, not the other way around?
Or it could be people don't want to take on added debt to go to school, when the state of the economy is so unsure.
Not only has Greece not fully taken on austerity measures but in addition austerity is more a result than a cure. Over spending and over expectations are an economic disease. Austerity is like taking proper care of your body. Think of a diabetic... often the disease can be controlled through diet but if you start eating sweets again you are still a diabetic. Ditto for not really sticking to the diet. Greece isn't doing austerity to return to spending they have to accept it as the new normal and they haven't done that. They are cheating on the diet and nothing they say can alter the results except accepting that austerity is not a cure but the new reality. The same goes for the rest of us because we are not far behind.
Wasn't this one of the main benefits of creating the European Union? The ability of skilled workers to move where the jobs are in Europe?
What does Greece expect? 18% of the working population are in public sector jobs. Those salaries, benefits, and being able to retire at 60 have a cost. Unfortunately the private sector, to include job creating private companies, pay the price. It won't be long before the rest of the relatively healthy EU jettisons parasitic countries like Greece. How would you feel if you lived in German where the retirement age is 65 and the taxes from your hard work are going to help bail out Greece?
Zeus finds a job as security guard, Aphrodite as nanny in New York. Both have no brain, though.
Would have been different if the Greek government had helped to start businesses and factories. Greece had an opportunity to compete with Germany. A depressed economy always provides a competitive edge. But, Greece chose to gamble with the banks instead. Greece allowed the financial parasites to push them to austerity - instead of growing their own economy. Growing the Greek economy was the ONLY way to generate money to pay their debt.
The Germans are NOT bailing out Greece - the Germans are bailing out their own banks. Greece is only being used to launder the money. Germany dumps money into Greece and Greece sends it back to the banks - Germany is NOT helping Greece.
That is what the 'debt crisis' conservatives fail to understand in the United States. Our deficits and debt are rebuilding our bank's balance sheets - the 'welfare queens' only launder the money.
Thank you! Trust Verify for that intelligent comment, I've read that story before but never quite like that..Hats off.
so this is what happens when the occupy wall street types get their way, the smart people leave the country.
When a country discourages private enterprise, naturally, the brightest hard working people leave.
Do you think south africa is doing so well that it could afford to lose Elon Musk? Even more interesting, how long will he stay here?
Whatever faults Greece may suffer, they have one impossible problem. When the Euro formed the exchange rates became fixed. Greek products and services are overvalued causing a cost disadvantage that makes competing impossible. The United States has the same problem with China. The problem is not the result of excess government spending, at least it wasn't when the Greek economy could still export.
Austerity may eventually balance the budget but the country will become impoverished unless the exchange rate problem is fixed.
What makes the USA think they are any different than the EU???
Are Greece, Italy, Portugal, Spain, etc. and different than; CA, MI, NY, NV, etc, etc???
The flood of unskilled former USSR countries labor into the EU is equivalent to the flood of unskilled Mexicans and central Americans. These people did not raise the standard of living, they lowered the existing standard to their levels...
Until the USA and other countries can shake their entitlment population, their economies will be dragged down by the escalating social cost...
irespond
You have been talking about these jobs for a while now. Where are thses jobs? I would like to apply for some of them. Please post the links!
Thank you!
@Scott_TOO -- You raise a very valid point. However, while exchange rates are fixed - business costs are not. The competition between the Eurozone economies is based on business cost.
We see the same competition among the various states within the United States. State governments provide incentives to businesses and promote lower wages to attract business. Unfortunately, the states continue those incentives so there is never a pay back. The states that have low business costs (low taxes, low wages) do attract more businesses but do not have healthier economies.
Greece could have applied those same types of incentives to attract business - and - gradually allowed those incentives to expire so there was a pay back. At the least, it would have supplied JOBS - just as happens in the United States.
Greece is ran by the government, not New Yorks wall street. It is government politicians promising people things for votes that have gotten them into this mess. Promise the people the world and worry about the fact you can't come through later. The people of Greece choose these fools that lied to them and this is what happens when you believe something to good to be true.
@AC Robertson -- The 'entitlement population' is NOT the disease - only a symptom of the disease. The disease is government policy that is NOT directed at growing the economy.
Greece adopted policies that attempted to create money - without growing their economy to provide value to that money. If a government does not want an 'entitlement population' - then that government should be adopting policies that actually grow the economy so there are JOBS.
Our 'entitlement population' is larger simply because our economy has not grown to support our population. Moving people into the workforce is no different than creating businesses. You cannot force a business to start up - and - you cannot force people into the workforce. It is necessary to make work attractive - just as it is necessary to create a 'business friendly' environment.
Wow the best and brightest of Greece have moved to Germany thus lowering the collective IQ's of both countries.
Intelligent people don't stick around a country with no future. It isn't even about being pro- or anti- Austerity. It is about that you won't see a Greek politician making him suffer anywhere near what a citizen does, nor fight for the citizen having a career in the future. If you cut out jingoistic patriotism, or a need to own real estate, exactly what do you have left?
Jokers blame entitlement or banks. Pure jokers. What is clear is that it took idiots to lend money that wasn't getting paid back, and idiots to borrow it.
Jokers are right here in the US arguing about whether it was banks OR borrowers who should be at fault. How about ALLof you lending or taking money that shouldn't have been lent to buy something you didn't need are at fault?
Or is that too much truth to handle, so the morons go on blaming either, say, Democrats or Republicans, instead of both.
WHAT! They attract more business but do not have healthier economies? Of course they have healthier economies. Texas and Utah are BOOMING, have no budget problems, and are increasing in population, contruction, and tax revenue even with the lower taxes. New York and California are doin the exact opposite, lossing businesses, losing population, losing tax revenue, and have huge budget problems.
http://cnsnews.com/news/article/escape-new-york-high-taxing-empire-state-loses-34-million-residents-10-years
@LogicReguired -- The California economy was based on debt - primarily real estate. The New York economy is based on financial services. Financial services and debt do not grow economies - they create bubbles. Nevada is another prime example.
Texas and Utah are running like boom-bust mining economies - that attract large populations of poverty. Both rely on a lot of Federal money to support their economies. When the bust happens - both states will be in a world of hurt. The southern states that have created 'business friendly' environments are not fairing as well.
Texas is one of the best states in America, for several reasons.
1) We have many thriving businesses and more are arriving.
2) We have a state government that meets only briefly every two years, resulting in less damage to freedom.
3) We have good weather, although it can get hot, with no really harsh winters.
4)We have a growing population which allows for many economic opportunities.
5) And the most important of all: we don't hate God Almighty, Jesus Christ, and the Bible nearly as much as northern, self loving, Marxist, liberals.
Trust verify: Excellent post. Sadly many do not see the logic in your statement. They have been told to think that spending beyond your means can save the day. Going away from the gold standard represented one of the final nails in the U.S. coffin. Until we have United Leadership and popular majority support, we will never be able to get back to our own coin and away from the subsequent reliance on the FED to spend our earnings.
Get rid of the fed 2013..agreed.
Now thats a question for Mittens to answer.
Son the Greeks are finally starting to see the results of unending Deficit spending.
Are you listening, Obama?
Herald - you forgot the two most important.
OIL
MILITARY BASES
both are the ONLY reason texas is booming. you take both of those away, and you're just as sad as the rest of us.
@ROY WILSON-336103 -- How, exactly is this supposed to work? Let's look at Greece as if it was a business with a lot of debt.
Your suggestion is that the business should cut back on costs - workforce and materials - which means the business produces less product. Less product means less revenue to pay the debt - so a price increase is needed just to stay even. Following that course of action - eventually the business still has the debt but cannot produce product to pay the debt. A business cannot cut its way out of debt - the business only loses market share and becomes smaller.
The way it is actually done in the real world - the business tries to capture a larger share of the market to generate additional revenue and pay the debt. Once the debt has been paid - the business is stronger because it retains the larger share of the market.
In the real world - a business tries to grow its way out of debt. Businesses that try to cut their way to health go bankrupt.
Here's what everyone ALWAYS fails to grasp, we are all interconnected.
Germany is doing great, because they export a great deal of their product - mostly to China, which is (was) growing at a fast clip.
Where things start to get different is in the details - Germany hasnt had the bubble/bursts that our economy has had with wild speculation and massive debt accumulation by it's citizens, all in the name of THE AMERICAN DREAM (owning a home). When the recession hit globally, Germany felt it - but rather than lay off workers en masse to keep their shareholders happy, they found ways to have EVERYONE shoulder the burden. They have not attacked and dismantled the unions, rather they've worked arm in arm with them - which is always a good thing and always possible when the politicians and business owners arent viewing the workers and the unions they belong to as the devil.
Unfortunately, Germany is going to now have to prove they know what they are doing - and it's not all been mostly luck. With the influx of desperate, skilled workers...willing to take lower wages just get the job, skilled german workers are going to find themselves struggling to be employed at wages that make sense...
and if the US goes the way of Greece, as every conservative on here wishes for...
Then China's bubble will burst too, taking Germany with it.
@Herald9 - Jesus Christ was black (arabic/jewish genes)...definitely not blonde hair / blue eyes....hope you know that...now if you can believe that means you are a true Christian. God Bless you and Texas. *peace*
WRONG Jessica (comment # 1.35) Germany's No.1 EXPORT trading partner is not China but France. It exports more than double as much to France as it does to China. China is only No.9, right between Switzerland and Belgium. Tendency climbing! (the Netherlands, the UK, the US and Italy are ALMOST TIED for the next four places)
The top three import countries (almost equal) are The Netherlands, China and France.
But you ARE RIGHT about Germany not running with the dumb bulls in the real estate speculation game! We in America called 'owning a home' euphemistically 'THE AMERICAN DREAM', although many just joined the race because EVERYBODY IS DOING IT, and because we treated home equity loans as a source of false wealth... and that's how the bubble burst! Fake wealth, fake jobs, fake everything! But home-ownership is over-rated as some of my friends have recently declared. They can't sell the thing to move to another place for a better job or they have to spend so much in unexpected repairs it wipes them out. And not everybody REALLY wanted all that grass to cut or cares a thing about growing ANYTHING (unlike myself) or has a green thumb and the house has become A TETHER, a concrete block on the foot!
And you are right about the unions in Germany: by law they are on the board at major companies and make rather frugal choices so as not to kill the goose that lays the golden eggs.
And much of the industrial production and exports come from mid-sized family-owned companies that KNOW what they are doing and they don't allow themselves to be taken over like companies in the US... where corporate raiders born with a silver spoon in the mouth made an ART-FORM out of destroying century-old-companies and thousands of jobs, while paying themselves tens of millions and preach the bogus religion of 'trickle-down-economics'. And then consider that economic savvy and boldly run for president in a TWO-party system... wow, what choices we have!
Germany btw has NO MINIMUM WAGE which is about to change, because it has led to a lot of working poor, but still it has a shortage of qualified people in specific jobs.
But unlike the US AND CHINA, I don't see an economy built on a bubble. So if China flounders (as it has created a monstrous real estate and banking bubble internally) it looks to me that the German economy is well diversified...
Great! So they're moving to Germany!
How welcome do you think they'll be in a country that, oh, I don't know...
Values hard work and whose citizens pay taxes?
These workers think they're in for a free ride like in their irresponsible homeland, well, they're in for a surprise, aren't they?
Or if you have more brains you look a level above that and see that most of the borrowers have no choice because their wages haven't budged in 30 years, and they either voluntarily lower their standard of living to Chinese quality or they get up to their eyeballs in unsustainable debt. The corporations and banks are to blame for setting up a predatory debt cycle where workers don't earn enough and all the nation's money ends up concentrated outside it's borders. If you think that this 30 year wealth funnel happened by accident I have a bridge to sell you.
The us of a has been saved time and again by our immigrants. They have been ridiculed and hated while they saved our butts. The same as is happening today.
Germany, like us, will benefit from getting smart hard working people who want to improve their lives.
A lot of them also live 20 to a house, I don't agree that forcing our working class towards that is a step forward. Someone with a Bachelor's or Master's degree shouldn't be filled with glee at the prospect of getting a job making $12/hr, but that is largely all the jobs that our economy creates anymore.
When talking about 'Greeks not paying their taxes' the talk is not of EVERY employed, hard-working Greek, or Greek going to Germany. But it seems that a SUBSTANTIAL majority (if not all) of SELF-EMPLOYED Greeks like plumbers, doctors, lawyers, tavern, restaurant, gas-station owners and inn-keepers play some sort of 'catch-me-if-you-can' game with the tax-man. They don't like to issue receipts (which they do 'at their leisure') and bag all income AND expenses, INCLUDING sales-tax (VAT) for themselves and then at the end of the year claim "I only made 15,000 Euro!" (the magic mark where they don't pay - hardly - any taxes)
Greek harbors are full with multi-million-dollar yachts owned by tax-evading Greeks, registered to bogus London-based POBox companies. When confronted with their offenses the righteous become quite belligerent and play the victim. It's been a Greek tradition!
A couple years ago, a survey in one of the better suburbs of Athens asked home-owners questions like: "Do you have a swimming pool?" While Americans would brag about a tacky above-ground pool and call it a 'swimming-pool', Greeks with a luxurious spread with a pool will apparently will say : "No we DON'T have a pool!" The particular survey came up with a few dozen (acknowledged) pools, while a satellite image revealed THOUSANDS.
Maybe the Greek 'elite' should acknowledge they are the source for the hardships suffered by hard-working Greeks, who if they can, rather go to Germany where they know what to expect!
Greece should never have been in the Eurozone in the first place.
...but Greece is there to stay...inside the Euro - it's the right move.
Pigotry, you are in for a big surprise. The Euro makes Greece uncompetitive (unless they want to accept annual pay CUTS, to make up for their lower productivity). They will be defaulting in the next few weeks. They should leave the Euro and re-issue the Drachma. This will mean a big drop in their standard of living, but they have been living well beyond their means for over a decade.
Greece appears to be in a death spiral. I've come to believe that renouncing their debt and defaulting in order to get a clean(er) restart may be their only solution.
Derek-; What if they decide to do something like what was done in Cuba, only equal for everyone, after they default, where everyone would have a home food electric etc. , and medical care, and a pay check and pay no rent, or medical bills, a communal type government? where they all work for the good of the community! free education, free gasoline, free everything, by denouncing greed, and pooling all the resources, and they might even be able to cut the work week in half, or they could work for two weeks, and take off two weeks, without the greed they could all live in a utopia style country! and everyone could live happily ever after!!! [there is all-ways another solution]!!!
Why don't we try it here in this country to see if it would work! you realize this would still be a free nation, where everyone could live just as well as the other![ just kidding but what if?] "BUT" on the other hand it might be better than what is happening now!
Dale,
Here's a clue: The Greeks don't work much even when they get paid. Where do you think all the food, housing, electricity, health care, etc., will come from? Greece is broke because they consume far more than they produce already.
Are you suggesting that if they work half as much that they'll suddenly have more to consume? Could you explain how that might work?
Dale. That would never work because those of us who work harder than our neighbors expect to have some rewards from our labor. Let's face it: not everyone IS equal. Some are smarter, some are prettier, some work harder, some are more talented, and so on. There is no way someone who has worked hard to get an education and a professional job is going to be content to be "equal" with the same house/car/etc as the deadbeat who contributes nothing.
dale-763548
Cuba, a utopia? You have to be kidding!!! You have to be nuts!!!
Derek you Really think bankruptcy is the answer? You do know this money just doesnt disapear, All these fools that file for bankruptcy are just passing it on to others, yes including thier own children.
dale = clueless.
And dale, if you are a product of U.S. public schools, than there is no hope for the future of this country.
Dale is a communist sympathizer. He is of the ilk that wants everyone to "have the same amount of stuff." In other words, the central government controls all thee money and outlays it accordingly. Dale believes that the perfect America would be modeled after an Eastern Bloc Soviet nation where everyone lives in communal government housing. In that Orwellian 1984-type world, we would also depend on monthly government allotments of food and a fixed amount of money per month for other basic necessities of life. I mean come on, CUBA a model that Greece and even the US should follow? It was extreme SOCIALISM spawned from a central authoritative government that killed Greece to begin with! And these people like Dale VOTE!
There are more and more people like that in America as the media and Democrat politicians (both in cahoots with each other) whip up the anti-success mentality in this nation and the "unfairness" that someone have more than someone else. That mentality is actually a paradox when describing what a free nation is. Read Dales words again: "you realize this would still be a free nation, where everyone could live just as well as the other!" That is one of the byproducts of living in a free nation...someone may live better than someone else!
What people like Dale fail to understand is that a free nation allows you to be all you can be or be a bum. You are free to be a freeloader and live in government Section 8 housing and EBT/food stamp cards; you are also just as free to work your butt off, get a college degree (it took me six years to work my way through college), and continually strive to better yourself and reap the rewards accordingly (in Dale's words, living better than someone else).
In any event, this is the mentality we are up against. People like Dale will not ever blame government for creating an entitlement-based society that feels it should be given everything in life because it's not "fair" that someone has more than someone else. This nation wasn't founded nor grown on such a childish, emotion-driven mentality. (It's not fair that Johnny has a nicer bike than me mommy! WAAAAHHHHH!).
Communism is a nice idea, but it doesn't work with human nature. We're wired to work for our own success, not the general good. Just ask the Soviets.
10tacle,
You have mastered key phrases.
"(both in cahoots with each other)"
Cahoots? Do you have any evidence of this?
"There are more and more people like that in America as the media and Democrat politicians . . . "
Not only do you identify a problem to fit your conclusion you offer no proof that the problem exists. Neither do you establish any plausible connection between the cause you posit and the unverified problem you mention.
Would you favor a return to Feudalism? Was the high unemployment of the Great Depression the result of lazy, indolent freeloaders or simply the logical consequence of a job shortage? I believe you are blaming the victims for the crime.
The current problems may have less to do with politics than many think. The wage convergence resulting from globalization results in a middle class with declining real wages. The same trade treaties did increase the GDP so the increasing disparity in income and wealth is a direct result of a government treaty. Why is that not welfare for the wealthy?
Alan Greenspan's ill considered monetary policy produced several asset bubbles. One allowed people to mask their decreasing buying power by borrowing against inflating real estate prices. Neither Bush nor Obama had anything to do with that problem, unless the failure to regulate lending or wall street can be counted. Sad to say, this failure is not a point of difference between the two political parties.
Even in small groups attempting the "communal" livestyle it never worked. You ended up with the guys having to actually do all the hard manual labor growing the crops etc. and the guys who did "entertainment" sang songs and stuff like that and when they all got equal food, living space etc. the guys doing the real work would leave and the commune would fall apart...............happened everytime.
A pay check was mentioned in my post, and a pay check for working; did you read the part; [ just kidding ?] or the part about denouncing greed? we all ready have communal functions in our country they work well pulling together pooling resources is not communism; look how well the children's hospital works to help sick children those programs work in part because there is no greed involved, when there is a fire burning thousands of acres of land people work together to fight the fire, you know a lot of those communists who volunteer to work without pay to help the community[sarc] chill out people the commies are not coming lol!
what I'm talking about is something like this! if our country has a national debt crisis, and a millionaire could pay twenty thousand dollars cash along with say 28 million other millionaires, and billionaires could pay a million dollars cash along with a few hundred others, and banks, corporations, etc. on the budget deficit, and others could pay say five thousand cash working in a communal way to eliminate the budget deficit, so the country would not keep going through a crisis ! so the country could balance the budget, and start to pay down the debt, saving around four trillion dollars over ten years, while they got tax breaks to recover their money put out of their pocket change so to speak, then this would be the good Cuba, where we help and still live free, try to follow I don't want to have to explain every single thing we are a country and a wealthy one at that fix the "DARN" deficit problem this quarter, OR AT LEAST THIS YEAR, and get this country working again period, and that's an order! its a big order but we can do it ! come on you commies, lets do it!!!
Do you commies realise that if 200 million people were to donate twenty thousand dollars we could solve a lot of problems, that would be a lot of money! money solves all problems!
100 Million people times twenty thousand dollars is two trillion dollars, that would pay the budget deficit, and pay for all the infrastructure we would need to create a million jobs w/out borrowing any money that would probably turn this economy around, and save four trillion dollars in interest over ten years, not counting the tax revenues the million people would pay in, and the tax revenues paid when selling the materials, and the machines to do the work, gasoline tax, it is so simple when you think like a commie for a minute [sac] we can do better lets do it!!!
Dale,
You seem to be numerically challenged. OK, suppose 100 million people each donate 20 thousand dollars. That's 2 trillion dollars, or roughly 1.5 years worth of Obama deficits. In 18 months we'd still be $16 trillion in debt. Woopie. What's the point of that?
Do you think there are 100 million people in the U.S. with an extra $20K? Why don't you start and donate your fair share - $20K - on your taxes this year. Are you aware that the IRS has a special provision for fools who want to donate extra taxes to the U.S.? (It's true!) It's staffed by the Maytag repair man - another worthless government bureaucrat who's not worth his salary.
@Dale, thanks for the humor! (oh wait, you were serious? Starry-eyed communist! @Logical is absolutely right - Marxism fails because it fails to account for human nature.)
@tomt: From Greece's perspective, yes, bankruptcy may be the answer. From the European banks' perspective, it sure ain't. The massive write-offs on the near worthless sovereign debt they hold would cripple them for years.
Greece is going to totally collapse, there's a simulation game called 'Super Power 2' which simulate the entire world based on CIA handbook and other sources. Greece was one of the quickest to default, if said player was unable to control the economy ASAP, Greece was doomed to fail. My point is that said government failed to quickly do anything, and the world is going to pay, you might not care or anything, but as the game simulate, if a country falls into bad economic problems, we all do. We're going to see a raise of dictatorships or civil wars in Europe and around the world as democratic nations are struggling as their people are more angry and bitter over the whole mess. Ever wondered how Hitler got into power? The economic crisis and bitter anger among the German population.
Aren't you forgetting the drastic concessions, reparations, and land loss as a result of Germany's prior little scuffle with the rest of Europe called World War I?
The article states that a radical left winger is most likely to going to become the PM of Greece!
this could be a sign of things to come in many countries where the wealthy has dominated the money supplies for many years leaving the crumbs for the ones on the bottom to struggle to get, just to stay alive to do the work for them, I wonder what message he used to get the people to help him rise to the top over the ones who "had" control over them that drove them to the economic cliff In this country it was a message of change, that was fought against everyday since the President has been in office! I imagine it was the same over there ! now you might think this is ridiculous, but just look around you, unemployed everywhere here, and thousands of protesters in the streets everywhere here in this country! it might not be as much of a coincidence as you might think! We still need change in this country because it is still not a working condition economically for millions of people here! lets face it people are tired of having to work two jobs just to make ends meet, work and sleep is not a life its a drudgery existance !!!
Dale,
The U.S. has been in a downward spiral ever since the War on Poverty started in 1964. What was thought of as a humanitarian Act that would help people turned out to be the beginnings of a dependent society where people expected the governmet to take care of them. We now have almost as many people dependent on the government as we have people who give money to the government. And far too many people like you who don't understand how economic systems work!!
The "War on Poverty", Viet Nam war, and implementation of the Unified Federal Budget are all products of the late 1960's.
You are correct, there are too many people who don't understand how the economic system works.
DON : I think it started when Ronald Reagan took office, and never paid one dime on the debt he ran up to get the economy going, what Reagan did was good in my opinion, and it would have worked if everyone would have followed his wishes, but they did not do that, they ran the budget deficit up more, until Bill Clinton took office, and balanced the budget as the tax rate went up for the middle class! during that time the country was running on all cylinders, then G.W. Bush came along and lowered taxes, around four trillion dollars over ten years, and the country went to war two wars that were left out of the budget, along with an unpaid for! drug prescription program, and borrowing two hundred million dollars per day from China, Japan etc. to try to keep from going into a recession, that eventually came, anyway along with the housing crash, etc. as 750,000 were losing their jobs per month when he Bush left office, and a 750 billion dollar Tarp that was already half spent, as he left office, and all the problems of a great recession behind for the next President to deal with!!! It is not any one persons fault this was building up over the years, but now it is every ones problem, and we should all work together to solve the problems and do it be for we act to late to turn it around, yesterday would have been a good time to start, we need to work together both sides!
Big European banks made big risky loans to Greece and other sovereigns without collateral. As Greece is unable to repay the loan, the European Big Bankers now demand a pound of flesh from every Greek, even if only the corrupt politicians and their special interests benefited from the loans. In effect the Big European Bankers are demanding the Greeks bail them out of their own stupid banking practices -- or else.
Unlike in America where the Federal government and the Federal Reserve forced the American people to bailout the WallSt FatCAts, the Greeks refused to roll over so easily. When the European bankers were raking in billions in profit from loans to Greece, the Greek were not allowed to share the spoils. Now, as the European bankers are losing money on bad loans to Greece, the European bankers expect all Greek citizens to bail them out through austerity measures.
In America the Federal government and the Federal Reserve had set aside such logic and instead, enslaved several generations of American family in order to pay and save the WallSt FatCats who made bad bets on derivatives and hedgefunds worth several trillion dollars. Fortunately for the WallSt FatCats, the American people are a much of stupid ignorant complacent lambs all willing to sacrifice themselves for the 'Flag, Motherhood and Apple pie' at the drop of a hat.
The financial meltdown exposes some embarassing truth about America, the so called Republic. America is actually fascist state, a government that serves and protects certain elite groups luxuriously on WallSt at the expense of the working-stiffs. As to the purpose of the American people, they are merely 'materiale' to be used up for the production of wealth and for the benefit of the WallSt FatCats. The US Constitutional guarantee of personal liberty and protection of private property is a fraud, a sham to fool all the people all the time.
I've never seen such truer words.
I find it endlessly amusing when people insist upon blaming bankers for loans. What happened to personal and political responsibility. Be it on a private or a national scale I have yet to see a banker with a gun saying "take this loan or else".
AMEN, can we say "housing bubble". People living beyond their means. Time to own up!! If ya can't afford it, don't buy it. It is called self control.
So I guess when people make bets, loans, only the people borrowing the money are taking the risk. Banks made risky bets too, and now they want to be paid back. Guess what not all investments pay out, and it is time they take a loss.
Yes John it is. I have no love of the banks either. Let them sink and newer wiser institutions will follow in their place. It is the core belief of capitalists that the free market will self regulate if given the chance. However, I wouldn't want my retirement money in stocks belonging to the banks or anything that can be affected by their stocks so the situation does get sticky.
how can germany be thriving they dont have free trade.they have a 19 percent tariff.they havent had their middle class destroyed by outsourcing.they also have surpassed america in exports.we need to do what theyre doing and end free trade
alternatively, we could form a trade zone with europe and strengthen both markets before neither is able to compete.
I wouldn't say its "virtually impossible to find a job" right now....IF you're willing to work full-time for $500 a month or part-time for about $225 a month, there's plenty of indentured servitude positions to be had. *sarcasm*
Funny they say the unemployment rate there for young people is 50%.. Sounds like the United states to me..
Unemployment for young people 16-24 here is close to 50% as well... You know how hard it was for me to get a Job in my younger years ? When i was 18-24 when the market went to crap.. Im 25 now and still dont have anything worth braggin about.
Been there, done that! German business's are only hiring foreign specialists because they are cheaper to hire than their own citizens, and at best might be temporary. The last I checked Labor Unions still rule in most German companies, especially manufacturing, and once these jobs are threatened I would expect to see organized protesting in the streets.
People do not think about it but this is the second half of the issue with Greece sinking Germany. Yes, Greece will default and leave Germany holding the bag but in addition how many of these Greeks are sending money home to Greece that otherwise would stay in Germany. In the end it will be seen as a problem because Greeks will take less in pay and benefits and put Germans out of work. They will regret those open border policies in the end I think.
your greeks sound like our mexicans
Smerica lst this be a lesson in politics for us this election year. we dont need the debt crisis more than we now have which obama has worsened for us as he and his gangster cronies have wanted us to be the chain-link in international macroeconomics. Lets make sure he does not see a second term or you will be seeing this same thing happen in the usa. We dont need the debt and we dont need the cross border immigrants coming to this nation any longer.
vote like your life depends upon it. Because it does.
and for y our children and grandchildren as well
Yes, because I'm sure things are going to get so much better under Romney, the Republicans, and the crony capitalists.
Get real man. It doesn't matter which pill you swallow in our "democracy," because both sides serve other interests, and those interests don't have anything to do with either you or me.
Ranman - while I would agree that there are problems on both sides of the political aisle - which can almost all be traced back to a lack of term limits - I think it's a cop out and intellectually lazy to claim that things are the same under both parties. It's just not true. And the evidence of failed liberal policies is everywhere to see - most notably in many of our cities. I live in NJ, and my state is full of cities that the Democrats have controlled for decades, and the crime, unemployment and numbers of people living on government handouts in those cities keeps getting worse, not better, in spite of the fact that the suburban taxpayers have pumped BILLIONS of dollars into these cities over the last couple of decades.
And the democrats, led by Obama, have become the great dividers, shamelessly playing the race and wealth cards over and over again to build support for their anti-American agenda of killing business and making everyone dependant on the government. It's funny how half the country pays no Federal income tax, but according to Liberals, it's the OTHER half who isn't paying their "fair share." It's also funny how it's perfectly fine to be wealthy if you're a democrat - but if you're a conservative and wealthy, you're a greedy pig who must have exploited people to make all your money and you deserve to have it all taken away from you and given to people who didn't earn it.
Excellent rebuttal grilledcheesesandwich!!!! The way I look at it is when times are good everyone wants to be a Capitalist, and when times are bad the Liberals want everyone to be a Socialist.
Grilled: break it down please...On May 26th, 2012 Newsmax broke it down this way: 15 percent of WE THE PEOPLE receive food stamps (the majority are single mothers & their children (our future-remember?) 26 percent of WE THE PEOPLE receive Medicaid, 2 percent receive unemployment, 16 percent receive Social Security (contributed their whole working lives) and 15 percent receive Medicare (again-paid into with taxes over a lifetime of working) I do NOT nor have I ever had a problem with MY tax dollars supporting with the people who need help-mostly single women & their children, the elderly, the veterans. The rich do not need my help nor my money-and I certainly resent my tax dollars going to support a war that benefits the rich and kills our young people-(our future-remember?) I will continue to support the Party that best supports my IDEALS and that has NEVER been the Republicans..........
grilledcheese: Isn't it funny how no share is a fair share, but only if you're a liberal. Funny how that works.
Why is a puppy smarter than a liberal? Because eventually, the puppy opens its eyes, quits whining, and learns that it doesn't have to suck off of someone else for the rest of its life.
It's not that god damned difficult - first of all .. when your culture is built around spending more than you take in it's only a matter of time before total chaos. It's simply a matter of basic mathematics.
Just think of all the money that goes into asinine and superfluous government programs and spending,,,, and now picture all of that crap eliminated.. AND how much money we'd have circulating again if that money was back in the control of the people who earned it... you'd have to hide under a rock to not find a job.
Uh....I think YOU might consider coming out from underneath your boulder. In my area there are people over 50 who worked in the construction trades most of their lives are trying to find work and it's simply not there. Hell, age discrimination is so bad here, they can't even find jobs doing simple minded crap paying a few cents an hour above minimum wage. When the next major hurricane flattens Florida, I suspect there will a good deal of discrimination going on what age group gets their homes and businesses rebuilt first. The folks around here are absolutely livid over this BS and I'm sure the same crap is going on elsewhere.
I'm retired so don't have any direct involvement in the job markets anymore. So, I'm doing my part to fight this crap by buying foreign products. I now have a German car, my pro audio gear is German, my software and sample libraries are German, my instruments are Japanese, British and German, and I'm buying as much imports for my home as I can buying direct. My fly fishing gear is British, and my rifles are German...you get the picture. Dollar votes is what free market capitalism is all about folks, so shop with impunity. If they don't want to play fair, buy elsewhere and nail the bastards where it counts--in their wallets. When these SOBs put Americans back to work fairly and without bias to age and and other BS excuses, then I'll buy American. If businesses go bust, so what...??? This is simply an opportunity for employees to get together and buy the business for pennies on the dollar and hire their own management, go back to work and suddenly, life is good. This is precisely how elitist scum has operated since day one. Turn the tables on them and fight fire with fire--it's a rudimentary law of the jungle.
Thank you for your polite, intelligent, well thought out, non emotionally-charged response.
Your government, assuming you are in the States, (just as the Greek government has done to their own people) is screwing you. There is absolutely no polite or clever way to phrase that. And It's not about repubs vs. dems either .. They're all the same.
As long as they can spend you into oblivion, and keep you distracted under the cleverly devised smokescreen of partisan politics, you don't,,, hell none of us, stand a chance.
I have no idea what the rest of your post was about.. something to do with elitist this or that.. it's all very clever rhetoric, but does not stand up to the light of rational scrutiny. (Please save your keyboard because we will never agree on that)
My post was to point out that you simply cannot spend more than you take in, ((Especially on non-legitimate functions of government)), and not expect it to backfire on you at some point.
These unelected scum bags that have ousted most of these countries leaders with there own puppets should be shot.
Greece is falling fast, then Spain, Portugal, Italy, the US, UK, France, and possibly a few others down the road.
This is a banking scam, and always has been doomed to failure.
I don't see the Euro lasting another year, but what I am seeing is that Germany is reaping the huge rewards of destroying these nations for there own greed.
Oh sure some could say that these countries have been living the good life for far to long, but what has been forced down there throats is no more then a huge banking cash free for all.
We are going to see,and feel the biggest international depression ever, because of these few scum sucking IMF greedy controlling pigs.
Time to let the Euro fail, and start the long 2-3 decades of recovery, before there is nothing left of these now poor countries.
Take care.
Yup, Greece and it's MASSIVE SPENDING killed the country
Hmm, MASSIVE SPENDING sounds so familiar,
, OH that's right !!!! It's the UNITED STATES and Pres. Obama
Defend A F: you ask a question, and then answered your own question, and made a statement all in one breath! Do you talk to yourself a lot???
Actually Dale, I heard about a recent study that said that people who talk to themselves are actually utilizing a very effective intellectual technique (innate to the human mind) that enables them to think things through more thoroughly than those who don't (talk to themselves). The rationale being that by giving themselves the opportunity to role play multiple scenarios; rehearse their tone of voice, the emotions that might attend a contemplated scenario and envisioning as many possible outcomes as their imaginations and time allow, they are more likely to arrive at and choose the one that has a higher probability of "flying". Einstein, Agatha Christie and Michael Landon (the actor and film producer) among many other creative individuals whom I'm sure could be cited, all talked themselves all the time - mayhap we all should emulate them?
What Defend America Forever was getting at - I believe - is that as long as we have the misfortune of having at the helm of the ship state in America an essentially blind to economic reality captain steering us toward greater and greater debt, because he believes in prosperity through borrowing, that we will, not just may, but are, on the exact same course that Greece has chosen and shown ends with destruction in sight if not a certainty.
Obama may not be consciously thinking to himself, "I am going to do everything humanly possible to destroy capitalism and the economy I can and make the country safe for my socialistic agendas.", but a rose is a rose by any other name or no matter how silver tongued a spin someone may place upon it.
I think that the president's influence on the economy is over rated and gets blamed by the majority of citizens who take a back seat approach to doing anything about coming up with solutions or making changes to the goverment.
Stoops--
Congrats on putting Einstein, Christie and Landon in one sentence. . .despite your attempt to sound erudite you need to do a little bit of research on the Greek economy before you make a comparison with the US economy.
Isn't it grand no matter what the topic is people feel the need to denigrate Obama? I can't wait to read an article about Hadrian's Wall or WWII and find out in the commentary how Obama was resposible for these things as well. Obama must be the most powerful human being ever!
Stoops; You may have read that , and it may be right, but what you are missing is you can not grow an economy, and come out of recession, with this many people going through this much hardship, without the country falling apart, or, at the least going backwards a decade or more while millions of the future generations are being set back possibly farther, only to become a burden on society for no good reason while the wealthy enjoy bailouts and bonuses in the millions per year while the country falls apart, it is not working in Greece, and it will not work here!!!
United we stand, this needs to be done in the best way possible not with an ax!!!
We have the way to do it why stare at this problem like cows, until the middle class goes down they are the backbone of the country!, and the children are the future!!!
Dale, I think you may be underestimating the resilience that people - especially Americans - have.
Of course we can pull ourselves out of this mess, but not, nor ever, by following the kind of misguided and fruitless direction given us by the one sitting in the White House at this moment.
Is it possible that the whole world could live in peace, and live happily ever after, if some how we could find a way to eliminate greed, even if we could find a way to eliminate all but 1% of the greed it could bring about big changes!!!
Well if I'm not careful; some nut might think I'm crazy!!!
Cheer up people things could be worse!!!
Dale,
Greed is an individual trait. You cannot eliminate it unless you eliminate the human mind!!! If you took ALL the wealth in the U.S. and instantly redistributed it evenly to every single person, in a few short years the wealth would be right back in the hands of those who had it in the first place. Simple. Some people are smart, and some people are not so smart. Some people like to work hard, and some people are just plain lazy.
I couldn't have oversimplified the situation better myself.
Dale is a child or someone with a childlike mentality, who is very ill-educated, thinks that it's possible for all of us to live in Disney World and that the moon is made of green cheese.
wait....we can't live at Disney World? Dang, there goes my five-year plan.
Dale, I do not want to burst your bubble but to some of us your desire to own property other people have worked very hard for looks one heck of a lot like greed.
BTW while you are redistributing wealth how have you been doing with your own? As in how much did you give to charity this year (Percentage wise of course because I don't expect you to compete with the 1% but if we all just shared the wealth along with the burden things would be a lot better don't you think?) Also how much time did you give to helping the homeless and hungry? Did you call your mom this week to check on her and see if she needed anything? My list could go on and on with things you could do on a personal level that didn't involve theft and "redistribution" of other people's wealth.
Oh, while I am at it I do not think you are crazy. Lazy, inept and ill informed however are options.
PJ; For one who does not believe in redistribution of wealth you seem to have left out the bailout of the banking system, the motor companies the wealthy real estate markets, all the to big to fail, who were by the way bailed out by the tax payer, the same ones who you seem to think don't need any help after taking their hard eared money to keep the wealthy floating, or I should say sailing on a luxury liner all through this great recession! While the ones who bailed them out try to dog paddle behind the big ship hoping to keep up be fore they get to tired to paddle, and just go under! gee" "go figure" I guess I missed the point of redistribution!!!
Honestly Dale big business needs to sink or swim under its own power and deserves far less help than the rest of us. I am neither end of the spectrum. I don't think we should cut off all "entitlements" because they do serve a purpose. I don't think we should leave business completely unregulated. I don't think very many of the things people assume conservatives think about business. You know most of us are just regular middle class people who are tired of paying for things others want but do not need and are not willing to work for. Feed the poor. Just don't tell me they also need cell phones and cable tv.
WOW a Geek and Greek. Who would have guessed. LOL
The only tragedy is having the world controlled by an illegal monetary system and the planet letting it continue. Crime pays if you're creating the money and you have laws passed making other forms of exchange illegal.
End the Criminal Global Central Banking Cartel . The wealthy Banksters must learn how to lose what they stole. Our wealthy politicians should be tried for aiding and abetting the criminal bankers too. We the people have to restore the Rule of Law which the criminals in power refuse to follow.
Deutchland, Deutchland Uber Alles...what Hitler couldn't do with his Panzers, the modern day Germans are doing with their economy with the help of runaway socialism. People want to work and want control over their own destiny. Maybe they should create a trashcan state we could use Greece, and let everyone who does not want to work for a living and succeed, go there and languish. Why was the US a success? Because all the "wretched refuse" from Europe who wanted to work and succeed came here. Europe was left with a rotting aristocracy and the descendents of serfs. Yes the US has its social problems, come November we will get rid of our huge failure of an experiment in affirmative action governance, which will fix the biggest problem we have at the moment. The Germans have and aways will lead continental Europe. In WWII when the GIs arrived in Germany and saw indoor toilets, plumbing and other things that reminded them of home, after seeing the relative squalor in France, Italy and Belgium, they realized they had more in common with the Germans, culturally than they did with the people they were liberating. That still holds today. The wine drinkers and cheese eaters of southern Europe have always been underachievers since the industrial revolution and will continue to be an anchor around the neck of the Eurozone.
Speak for yourself Mudrake. I feel no kinship with the Germans, a country that has prospered at the expense of everyone else, just like the Chinese. But I do feel a strong kinship with the Italians, the French and the other "wine drinkers and cheese eaters" as you put it. When the euro collapses the country that will suffer the most will be Germany. Then we'll see how mighty they are.
Germany is extrememly socialistic and extremely successful. Greek and Portuguese alike are going there for jobs. I love the idea of universal healthcare because it is both moral and of sound economic sense. Foreclosures in this country are still heavily numbered by lack of health care and people, cornered, will use their credit cards to get help for a loved one-or themselves- who needs treatment. My neighbor wrecked her credit in GA trying to pay for medicine her insurance would not cover. US insurance companies only cover 40% of cancers. What will you do if you get the other kind they don't cover? I respect the president for getting where he is by no help from a wealthy father. Romney is just another aristocrat who flys on his fathers coat-tails. Do you remember Mitt's dad running for the GOP presidential nomination in the 60's?? He did. These are wealthy socialites who want the presidency like an aristocrat wants a title from a king... And from Germany, whose economy is very healthy, whose employment is low, comes this, from the German paper, The Speigel, May 11, 2012. " This attitude toward healthcare -- which seems so foreign in the US -- gives Germany a competitive advantage, Barcomi and other businesspeople say. A healthy workforce is a more productive workforce and recent German statistics would back that up. The country has relatively low unemployment and in many sectors the economy is booming."
Americans are also over there and they are proud to pay into healthcare for their employees. So are the conservatives in Germany, says the article. As for my husband and me, we pay a lot in taxes here in the US! More than my daughter made in an entry level position in the US after she had her masters degree. You can spend your life going to benefits for people who lost their health insurance while sick and are in danger of losing their home, as well as their treatment. I am almost at the point of asking if they are republicans or democrats. If you vote with the morally bankrupt, you might expect to become totally bankrupt ..... One for all and all for one, I say! Voting for Obama in 12!!
Just more proof that the socialist, tax the rich - give to the poor, mentality doesn't work. Germany is sitting in good financial stead because it doesn't give in to the entitlement mentality. We could learn something here.
Actually, they have a lot of well developed 'socialist' programs. They just don't abuse the s**t out of them like they do here in the U.S.
“If one understands that socialism is not a share-the-wealth program, but is in reality a method to consolidate and control the wealth, then the seeming paradox of super-rich men promoting socialism becomes no paradox at all. Instead, it becomes logical, even the perfect tool of power-seeking megalomaniacs,” explained the late Gary Allen. “Communism or more accurately, socialism, is not a movement of the downtrodden masses, but of the economic elite.”
Thomas Jefferson:
“The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.”
Startling isn’t it? Look around you; his worst nightmare is becoming our reality – on a global scale.
Fascism rules America
"Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.
When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin!
Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out."
From the original minutes of the Philadelphia bankers sent to meet with President Jackson February 1834, from Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels
Well put not in the 1%! To many people in America and else where with "Blinders" on.
"blinders on". No, perhaps they just disagree with your assessments. But as soon as you start calling them blind, you've turned it from a discussion into an insult-fest. Hard to keep a dialog going like that, wouldn't you say?
Someone says Germany doesn't have entitlement? You mean like their free/low cost high quality health care system? 100 million people and it works. We should try that in the USA.
The problem started when the Greek Govt (not the people) flat out lied to the banks when asking for money. They were running their own ponzi scheme, cooking the books, until they couldn't hide the facts any longer. When it came time to make a payment, they were flat broke.
They lied to the banks, and to their own people. That's how extremists end up in power, from the rage of the people who are caught up in issues they barely understand. Greece is also one of the unfriendliest places to start up a business. They need to fix their byzantine/draconian laws to make it easier. Then they will have more tax revenue, more jobs, more of everything good. In the end, it's up to the people whether they stay pawns or start businesses. If it means throwing out the existing power elite and growing a new middle class, then the sooner they clean house, the better. Because asking the rest of the world to give you money to continue down a disaterous path is not going to happen. No matter who is in power.
I love how Greece bitches about how 'mean' the Germans are when all they've asked is "Look, if we bail you out don't get in this situation again". Sounds more like a bunch of petulant teenagers than country leaders.
It's amazing how people feel entitled to be supported by others, isn't it? One can only wonder if the average Greek understands that even if it defaults on all its debts, its standard of living will still have to drop if the rest of Europe quits supporting them.
However, if one looks at all the Americans who feel entitled to be supported by someone else, maybe it's not so hard to imagine.
Economan you just made a very good point. Sooner or later they will be forced to live within their means and it would be much better to do it now.
Economan: Why is a puppy smarter than a liberal? Because eventually, the puppy opens its eyes, quits whining, and learns that it doesn't have to suck off of someone else for the rest of its life.
Having entire countries go bankrupt and their people migrate to look for work is bound to happen in a globalized economy. That should be a no-brainer. You can't have free trade without free migration too. This is the root of so much of the immigration from Latin America into North America as well. The ultimate result is poised to be an end to nationalism and identity based upon that and in its place a worldwide economic and political system/empire. There are positives and negatives with that of course.
It's too bad that the clueless moron we euphemistically refer to as President doesn't have the ability to learn from others. Greece is a textbook case of not having enough tax paying individuals paying into the pot to support the vast amount of "giveaways" instituted by equally clueless legislators.
It's quite good that the Greek people like it in the posterior because that is what they are going to get. Just like us here in the US.
What happened to this nation? How could they have completely lost all common sense, and gotten themselves into this situation?
Bruce,
Are your serious? All you have to do is look at what is going on in this country( America) 50% of the people here are on government assistance while 50% do NOT pay income taxes. Everyone has their hand out for the government to give them more or bail them out when that is NOT what the government if for. The government's sole purpose is to make laws, keep the peace and have a military to protect the people and instead we have become a welfare state. Our Country will soon be heading towards the likes of Greece if we continue on this path of borrowing from China and spending our grandchildren's money.If we don't send responsible folks to Washington, especially to the White House then it is our own dam faults. We need someone in the White House who is responsible with other people's money and does not pander to those looking for a hand out. Mitt Romney can do that job and fix America. he has experience in fixing companies that were going belly up. All you here from the Obama campaign about Bain and capital are things that happened when Mitt was no longer working for them. Of course they will never show the sucess rate that Mitt had of saving companies. Did this mean making some tough decisions...you bet it did...but he saved companies. When he took over the Olympics, the Olympics was in a mess and he turned things around and we held one of the best Olympics there has ever been in the world...oh and by the way he did that with out being paid.He also did not accept a pay check when he was governor.
What do we know about Obama well now that he has some sort of a record..cause 4 years ago he was a mystery...
After 4 years of Obama
1) Unemployment is higher then wehn he took office
2) Housing has lost value
3)America has been downgrades for the first time in history to a AA credit rating
4) gas prices are way up
5) People have lost hope and stopped looking for a job
6) 50% of Americans are on some sort of gov assistance
7) 46% of Americans are on food stamps thus he has become the food stamp president
8) Grocery cost has doubled since he has been president
9) Health care cost has doubled since he has been president
10) college tuition is way up since he has been president
11) he has added 5 Trillion dollars to the National debt is 3 years when he had called George Bush IMMORAL for adding 4 Trillion in all 8 years of his Presidency!
and all while our property has been losing value.
And what does Barack Hussein Obama tell you....he tells you a lie...he tells you that the economy is sound and growing. He tells you that he is fiscally responsible.
on the Moral issues....
He tells you that it is a crime to sprinkle water in the face of a terrorist who masterminded the murder of 3000 Americans but it's OK to have a Kill list and then to drone people off the face of this earth as though he is Jury and Judge.
He tells the American people after talking with his 13 y/o daughter that he has had a change of heart concerning gay marriage....after taling with his 13 y/o daughter....( I always thought parents were supose to steer their children in the right direction)
On his third day in office he signed the bill reversing the ban on late term abortion and now also allowing Dr's to kill a baby born alive of a botched abortion.
He has drummed up class warfare, war on women and now a race war.
He can NOT seem to lead in Washington and cause the Dems and Republicans to come together
These sir, Are NOT attributes becoming of the POTUS..
instead he is more to interested in,
Golfing
appearing on commedy central
having big parties with stars
campaigning
vacations
spending tax dollars
Unless we vote him out this NOV then Sir....maybe we all will have to move to Germany cause America will look like Greece...and then folks will be saying....What happened to Hope?...(:
Save America in 2012.....vote Mitt Romney
We are also in this situation, not because of 'Obama' but because we have allowed long-term structural problems like the underfunding of Medicare and Social Security to fester. Collectively, we have demanded more of government than we have been willing to pay in taxes. Our population is aging. Students won't study difficult subjects like mathematics or take up good-paying trades so that we have to import highly-skilled workers while our own kids 'occupy' themselves with protests and trash courses. The list goes on...
The global economy and free trade have brought some pitfalls with them. Then you have the non productive part of the population -- being so large- and becoming too greedy about what they can get. It goes on and on. Then you have people in the top rung allowed to do whatever they want and greed sets in and they steal from the general populance. I could go on and on. The middle class are probably the best of the bunch in many ways but they are being destroyed from beneath and from above. Just keep in mind that Greed is a problem with the bottom rung just as much as with the top rung. You just have two different types of criminals. In one case -the common thug and the other white collar theif. Both steal your money so I for one don't trust either of them. I hope I opened your eyes. Have a good day and be careful who you put your trust in.
This whole scenario proves Margaret Thatcher right when she said " The problem with Socialism is that eventually you run out of other people's money". We are already on this downward spiral.
Get Obama and the Dems out in November !
Yeah, and let's put in a vulture capitalist who will cut taxes even more for the wealthiest among us while slashing programs that help the middle class and the poor. No thanks.
It's unregulated financial firms who have caused the crisis. The latest being JP Morgan, once the arrogant posterboy against regulation. yet one trader, just one trader was allowed to risk so much that they lost 2 billion dollars. Nothing to do with Obama, or even the USA. That's how dangerous things are.
For the record..
Unemployment is down
20%, not the 50% lie of the Tea Party, of the people on assistance.
The Tea Party is counting seniors on Medicaid and Social Security in that figure, and that is dishonest at best.
Assistance comes in many forms. My niece, a single mother, received grants to go to college. She will soon graduate with a Nursing degree and be able to get a well paying job, and over her lifetime more than payback the money that was invested in her. That's not a usual story, there are many who have the entitlment mentality, but not nearly as black and white as some make out.
Housing prices are starting to go back up.
Jobs are returning, but unfortunately many in the over 50 age group are not getting reemployed. Of course the Tea Party somehow thinks that without govt enforcing age discrimination laws, they will magically find work.
Healthcare cost are going up because the medical establishment and the insurance companies are greedy. yes, greedy.
Gas going up has absolutely nothing to do with who is president, not even who is in congress. It's a global market with global demand. As far as producing more OIL? Most of that will be exported to other countries for a higher price than they can get in the USA, because actual gasoline use is declining. So dream on if anyone thinks drilling more will lower gas prices. The Oil companies have been withholding output from the Canadian fields because of lower prices. They want that nice to pipeline to ship it out overseas, reduce supply here in North America, and keep prices up. And a Republican controlled Congress has agreed to that sham.
So all the lies the Pee Party is talking about Obama are just that, lies.
Look at the companies Bain saved and quit reading the BS dumb a$$! Mitt in 2012. We need someone with the balls to in a Global Economy,.
Gad:
Funny how your liberal peers didn't seem to realize that when Bush was president. No, when Bush was president, all I heard for 8 years was "Bush and his "oil buddies". Funny when gas prices surpassed even higher levels under Obama, you could hear crickets chirping in the liberal camp.
But, that aside, actually you are right, to an extent. However, the president, through his policies can have an effect on commodity prices. Obama put a moratorium on drilling in the gulf which was completely unnecessary, and also threw thousands out of work (lots of them union jobs) by an ill advised knee jerk reaction to an oil spill which happened under his watch. Supply went down.
Obama killed the Keystone pipeline which would have increased output, and also put thousands to work. The standard liberal reply is that it would have been temporary jobs. Guess what? ALL construction jobs are temporary in the end. Projects get built, finished and new ones come along. Supply that could have been added, at least after the pipeline was built, but won't be, at least for the moment.
Again, you've stumbled into the truth, but as you said, oil is a global market. That means that an increase in supply, no matter what the source is WILL have an affect on the global price. Supply goes up, demand is stable or declining, and guess what....price goes DOWN. Basis economics.
Demand is declining because the economy sucks and people aren't driving as much. If the economy does get better, demand will increase, and supply that could have been added, but wasn't, will cause prices to rise if no other source, such as OPEC steps up the output.
So, let me compliment you for telling the truth in your statements. I'm just not exactly sure you understand the why behind it. Would it be that the next time a liberal isn't president, that your liberal peers remember what you've said. The truth is always the truth, no matter who is in office, and the laws of economics are pretty reliable.
Sounds like propaganda, Greece never had those sectors (i.t. or pharma) in their economy anyway. Folks with those skills always left to France or Germany. Greece is a 3rd world nation & must simply face this, then that will be a start. Greeks get back the Drachma & tourists return. Greeks return to their true economy of servitude to foreigners. Now get me my martini george! pronto!
Bingo.
Debt based monetary system is a ponzi scheme. There is no way to fix our economic problems in debt based monetary system. Google for "DEFLATIONARY CRASH" to understand why. In a monetary system, when ALL money is created as debt, and it needs to be paid back with INTEREST, sooner or later the music will stop and the money supply will fall short of the principal + interest that needs to be paid. Weakest will get the short end of the stick. Usually those are the elderly, or Greece as in this example. After the first weakest borrower is bankrupt, it will be the next, Portugal? Spain? And the dominoes will start falling as there will always be the next weakest waiting in line to go bust. There is nothing Greece or anybody can do about it. United States will go down the same way.
Your aunt's sister's son is a fool.