Friday, February 24, 2012 – by Staff Report, Daily Bell
George Carlin
Europe's Banker Talks Tough ... Draghi Says Continent's Social Model Is 'Gone,' Won't Backtrack on Austerity ... European Central Bank President Mario Draghi warned beleaguered euro-zone countries that there is no escape from tough austerity measures and that the Continent's traditional social contract is obsolete, as he waded into an increasingly divisive debate over how to tackle the region's fiscal and economic troubles ... In a wide-ranging interview with The Wall Street Journal at his downtown office here, Mr. Draghi reflected on how the region's travails were pushing Europe toward a closer union. He said Europe's vaunted social model—which places a premium on job security and generous safety nets—is "already gone," citing high youth unemployment; in Spain, it tops 50%. He urged overhauls to boost job creation for young people. There are no quick fixes to Europe's problems, he said, adding that expectations that cash-rich China will ride to the rescue were unrealistic. He argued instead that continuing economic shocks would force countries into structural changes in labor markets and other aspects of the economy, to return to long-term prosperity. – WSJ
The real owners, forget the politicians ... you have no choice. You have owners. They OWN you. We know what they want ... They want more for themselves and less for you ... They'll get it! The vanishing pension that disappears the moment you come to collect ... The game is rigged! ... And nobody seems to notice. Nobody seems to care. – George Carlin (one of his last performances).
Dominant Social Theme: We've just destroyed the fundaments of post-war Western society. Demolished them. Ho-hum. "Nobody notices. Nobody cares." You shouldn't, either.
Free-Market Analysis: This is historic stuff. The end of Dreamtime, folks. We keep hearing one of George Carlin's last video clips playing over and over in our pointy heads like a bad rock 'n roll song.
His soft, angry voice recites all the ways the good people of the American middle class are being screwed by the "club." (Yes, it's a club. "And YOU AIN'T IN IT.") And then adds ... Nobody seems to notice. Nobody seems to care.
The real owners, forget the politicians ... you have no choice. You have owners. They OWN you. We know what they want ... They want more for themselves and less for you ... They'll get it! The vanishing pension that disappears the moment you come to collect ... The game is rigged! ... And nobody seems to notice. Nobody seems to care. – George Carlin (one of his last performances).
Dominant Social Theme: We've just destroyed the fundaments of post-war Western society. Demolished them. Ho-hum. "Nobody notices. Nobody cares." You shouldn't, either.
Free-Market Analysis: This is historic stuff. The end of Dreamtime, folks. We keep hearing one of George Carlin's last video clips playing over and over in our pointy heads like a bad rock 'n roll song.
His soft, angry voice recites all the ways the good people of the American middle class are being screwed by the "club." (Yes, it's a club. "And YOU AIN'T IN IT.") And then adds ... Nobody seems to notice. Nobody seems to care.
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