You thInk we have it bad? Check out the EU!

The EU does not have the financial system to support this growing collapse. Under normal circumstances the EU can't agree on much and under a crisis that involves huge sums of money they can't agree on anything and certainly not with the speed the US has responded with. Even mighty Russia is sinking fast. They were pretty cocky 2 years ago when oil was so expensive, they mortgage their future on oil staying high... doh! Cheap petro for me!

Read this article though, it will give you a good understanding of the extent of this crisis. 

Don't buy American! Vote Obama!

President Obama to water down 'Buy American' plan after EU trade war threat

“I agree that we can’t send a protectionist message,” he said in an interview with Fox TV. “I want to see what kind of language we can work on this issue. I think it would be a mistake, though, at a time when worldwide trade is declining, for us to start sending a message that somehow we’re just looking after ourselves and not concerned with world trade.”

Coming from a guy who campagined on getting rid of NAFTA and giving rebates and subsidies to American companies that don't send jobs overseas and who just supported a Porkulus Stimulus bill encouraging "Buy American"

Anyone remember this? "Buy American, Vote Obama"