Wednesday, December 1, 2010

European Union: R.I.P.? by Patrick J. Buchanan

European Union: R.I.P.? by Patrick J. Buchanan

Consider two telling comments from the Irish about the terms of the bailout of their country.

"(S)enior bank bondholders are to be protected, while the lowest paid and those most vulnerable people dependent on public provision are to be crucified," said trade union leader Jack O'Connor.

"I think the government should default on the bonds," said writer Valerie Wilson. "We are suffering so the bondholders don't suffer. It's capitalism gone mad."

Translation: Put Irish people first, before any foreigners holding bonds.

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