Wednesday, November 2, 2011


It was either this or Herman Cain today. I happened to see Cain last night at the American Spectator dinner. He has a power and an eloquence in his public speaking and an easy going nature around his potential constituents. If you wonder how conservatives react to Cain now, he got a standing ovation after his introduction.

Unless the accusers have something more than inappropriate talk, Cain ain't going anywhere.

And now Greece.

2,400 years ago, Greece stood at the center of civilization. Persia's slow decline coupled with regional desire for olive oil and wine made the Greek cities wealthy. They traded their own, and other countries' products. However, their own tragic flaw lay in their inability to unify on anything. Their fratricidal wars left them vulnerable to the expansion of Rome.

Today, Greece stands at the abyss. Most of their country wants to stick its head in a hole and pretend that a welfare state is viable. Their debt is 120% of their GDP (ours is 101%, so we are not far behind) and they must pare away much of their welfare state and bureaucracy to qualify for a loan that will only pay their bills until the end of the year. An agreement was made, then rescinded as their prime minister agreed to put it to a national referendum, which is allowed under their legal system.

Where will Greece go from here? No one knows. The agreement will fail to win the vote, according to polls and observers. Had the prime minister gone ahead with the deal with the European Union, he risked civil war. If the country votes the plan down, there will still be massive social unrest, but the people can only blame themselves for that. However, if the vote passes, then it will give their government a mandate to make the reforms that they desperately need.

Greece's prime minister has gotten pummeled by the international press. But the spoiled brat populace of Greece gives him little choice

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