Greece is on the edge of a complete financial meltdown. Big Whoop! you say? Disregard the caveat at the beginning and be sure to read this very informative article by Rick Moran at Right Wing Nut House. The situation in Greece presents a direct risk to the European Union (the euro zone), other Western economies (including the U.S.), and the entire world financial system. Doubly dangerous to the U.S. as the government sector is the force behind the phantom recovery.

I'm disgusted that the California political leadership is steering us toward the Greek shoals. There will come a time without a course correction when the D.C. junta will want us out of the Union, just like the E.U. is likely to push out Greece. It would be unconstitutional, but if we're threatening to take the whole country down the toilet, who could blame them. Californians and their political representatives ignore the phantom recovery and bloated State budget at their own risk. The Financial Times opined that-

What we in the western world are about to learn is that there is no such thing as a Keynesian free lunch. Deficits did not “save” us half so much as monetary policy – zero interest rates plus quantitative easing – did. First, the impact of government spending (the hallowed “multiplier”) has been much less than the proponents of stimulus hoped. Second, there is a good deal of “leakage” from open economies in a globalised world. Last, crucially, explosions of public debt incur bills that fall due much sooner than we expect

We delay structural reform in California at our own risk.

Man, reading the CFCR news today made me crazy! Does anybody really think that the future of the CA economy is green jobs? Do the enviro-fascists think we’re that stoopid? The crazy making thing is that many, many voters will buy this bull: these are the same ones who believe BO is going to build nuke power plants and pump more oil here in the US. Sure, and the Prez has vintage housing for sale in Chicago.

Although I’m really peeved, I just can’t use all the fancy cuss words like ur typical liberal-progressive-socialist blogger. Spend some time in the progressive blogosphere, and u’ll start believing in Internet censorship too.

This brings up the Messiah’s Sermon from the Well last week. I never thought the day could ever come that I missed Bill Clinton, but I do. His policies were dumb, but like a mule, he could be learned if clubbed. Not so BO. Did you read about the Arkansas Congressman (Berry?) announcing his retirement? He said that the Prez thought the big difference between the 1994 and 2010 elections would be “me” (BO himself). This guy must have a great fantasy life!

The following is not new, but if you haven’t seen it and are still working through the competing claims about Global Warming, take a look.

Watching the libs this week has been almost as much fun as when Bush 43 won. I wonder if they'll need suicide booths just like then? (I’m still pissed off that Alec Baldwin didn’t leave the country like he promised.).

It's not so sad that it's funny, it's just funny. No one deserves this more that these preening, pompous, purveyors of progressivism. Pelosi first tried to ignore the reality of her healthcare defeat, then someone must have slapped her into the moment.

The Obamaniacs just can't help themselves, they seem determined to chase the rainbow of progressive politics regardless of election losses. Obama ain't no Bill Clinton! Bill had been a chief executive before the presidency, he knew the truths of realpolitik. Obama is a rank beginner: community organizing just hasn't cut the mustard. Or, he may be just an idiot savant, able to perform on cue without other associated intelligence.

It’s fun watching the Dems take a page from the Republican and SF Giant play book: never miss an opportunity to snatch defeat from the jaws of victory!