Coming To America (Thanks, Obama!): Spain On Verge Of Collapse While Liberals Turn Violent In Streets

The OWS (“Occupy”) Movement pretty much proves it: this is liberalism on failure:

Spain’s economy on the edge of collapse as protests turn violent
By Hugo Duncan
PUBLISHED: 19:38 EST, 19 June 2012 | UPDATED: 01:49 EST, 20 June 2012

Europe plunged deeper into crisis last night as Spain lurched closer to needing a full-blown bailout to save it from collapse.

The government in Madrid was forced to pay prohibitively high interest rates to borrow money on another bruising day for the single currency bloc.

It raised fears that Spain is on the verge of becoming the biggest victim of the euro crisis so far – following the bailouts of Greece, Ireland and Portugal.

 

A coal miner sets fire to a barricade made of tires during a protest against government cuts in Villafranca del Bierzo, Leon, North-eastern SpainA coal miner sets fire to a barricade made of tires during a protest against government cuts in Villafranca del Bierzo, Leon, North-eastern Spain

The country – the fourth biggest economy in the eurozone – is back in recession and unemployment is at 25 per cent with half of young workers unable to find a job.

And the problems on the stock markets were matched on the streets.

Striking Spanish coal miners armed with homemade rockets, slingshots and rocks clashed with police firing rubber bullets yesterday.

They drove officers out of the town of Cirena in northern Spain in protest at government mining subsidy cuts that could devastate their industry.

Analysts warned that the situation was ‘critical’ for both Madrid and the eurozone despite the £80 billion lifeline thrown to the Spanish banking system last week.

Nicolas Spiro, a government debt expert at Spiro Sovereign Strategy, said: ‘We are in a critical situation now. This is the Rubicon that should have never been crossed.

‘It should have never come to this. We are dealing with a broken government bond market in Spain and quite possibly in Italy. This is exactly where you did not want the cancer to spread.’

 

Striking Spanish miners fire homemade rockets towards Spanish Civil Guards in Cinera, near Oviedo, northern Spain, during a mass strike against subsidy cuts that they claim threaten tens of thousands of jobsStriking Spanish miners fire homemade rockets towards Spanish Civil Guards in Cinera, near Oviedo, northern Spain, during a mass strike against subsidy cuts that they claim threaten tens of thousands of jobs

Spain had to pay an interest rate of 5.07 per cent to sell 12-month debt yesterday – up from 2.99 per cent a month ago and the highest level since the euro was launched in 1999.

The crucial 10-year bond yield was also above 7 per cent – a psychologically important level which proved to be the point of no return for Greece, Ireland and Portugal.

Marc Otswald, an analyst at City firm Monument Securities, said Spanish borrowing costs could lead to a full-blown bailout worth around £250 billion.

‘It is becoming very difficult to see how it can manage without that beyond the end of September unless yields fall dramatically,’ he said.

Ishaq Siddiqi, a market strategist at trading firm ETX Capital, said: ‘The sustained high yields on Spanish bonds remain a considerable concern for markets.

If the Spanish government fails to address the country’s economic crisis, like Greece, sky high borrowing rates could eventually force Spain into a full sovereign bailout.

A Spanish bailout would mark a disastrous escalation of the euro crisis, threatening Italy and core eurozone nations such as France and even powerhouse Germany.’

Obama is trying to make America more and more like Spain even as Spain is beyond obviously going to collapse into ruins.

Kind of makes you wonder what kind of demon-possessed people voted for this turd.

The same people – LEFTISTS (AKA “liberals”) – who are rioting in Europe are rioting in America as the Occupy fascists show us that violence invariably comes from the left.

Obama and the Democrat Party want for America EXACTLY what liberals in Spain created there.

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20 Responses to “Coming To America (Thanks, Obama!): Spain On Verge Of Collapse While Liberals Turn Violent In Streets”

  1. The Dauntless Conservative Says:

    MichaelE: the left is so steeped in their ideology that they have no moral compass which is exhibited quite well by Queen B—- PelosI

    AND who supports the OWS?
    http://pjmedia.com/zombie/2011/10/31/the-99-official-list-of-ows/

  2. Timothy McVeigh Says:

    “Violence invariably comes from the left.” Ain’t that the truth.

  3. Michael Eden Says:

    Timothy McVeigh,

    What is your evidence that Timothy McVeigh was a Republican conservative – apart from the fact that on your straw man caricature of the right, anything or anybody evil must surely be “right wing”???

    Of course the left did the same thing with that murdering psychopath Anders Behring Breivik. And it’s what you did with nutjob Jared Loughner. Which is a tradition that you people started with Adolf Hitler. Again with ZERO actual evidence of the ocean of assertions.

    Atheists have similarly tried to make McVeigh a “Christian.” But on his own statement he clearly was NOT a Christian. And at one point he stated, “Science is my religion.” Not that facts matter to you people.

    We know that McVeigh was a military nut. If you want to try to argue that no Democrat has ever served his country, I’ll accept that the fact that McVeigh served in the military would make him “right wing.” But, oops. There was that Lee Harvey Oswald who served in the Marines before he embraced COMMUNISM and killed Kennedy. That doesn’t work. McVeigh was also a racist. But if you’re going to argue that racism is right wing, reality will quickly prove that you are a dumbass. As an example, I document that liberals were saying “string him up” and “send him back to the fields” with black man Clarence Thomas. And of course there is a rich and abundant history of racist Democrat tradition, whether you want to discuss the fact that the Democrat Party was the party of slavery and literally fought a war to maintain slavery, or the fact that after Republicans defeated Democrats said Democrats started the Ku Klux Klan to keep the South Democrat, or whether you want to talk about current Democrats making clearly racist statements.

    94% of the major unions in America have WHITE presidents. And 89% are male to go along with that. And even the unions themselves say of their own membership that liberals are “fucking rabidly racist.” And the unions which started out as racist have continued to remain as racist as they have remained Democrat. The documentation of that fact is way beyond ample.

    The OWS Occupy thing that is so damned violent compared to the peaceful Tea Party – yeah, it’s overwhelmingly WHITE Nazis. Somehow the Tea Party never turned terrorist like YOUR guys have.

  4. Michael Eden Says:

    Dauntless,

    Yes, we ALL agree with Nancy Pelosi: God bless Occupy.

    And God bless terrorism and fascism, too (the latest being the attempted bridge bombing in Ohio):

    https://startthinkingright.wordpress.com/2011/11/15/occupy-movement-officially-a-terrorist-group-now/
    https://startthinkingright.wordpress.com/2012/05/01/liberals-are-not-quite-as-tolerant-as-rabid-rats-as-they-keep-proving-that-they-are-the-true-fascists-threatening-america/
    https://startthinkingright.wordpress.com/2012/02/02/when-will-american-people-get-fed-up-with-violent-occupy-fascists-and-the-democrats-who-endorse-them/
    https://startthinkingright.wordpress.com/2012/01/23/fascism-a-socialist-leftwing-ideology-communism-fascism-labor-unions-workers-and-students-exploiting-crisis/
    https://startthinkingright.wordpress.com/2012/01/14/call-the-occupy-protest-movement-and-the-left-that-it-comes-from-what-it-truly-is-fascist/
    https://startthinkingright.wordpress.com/2011/12/29/occupy-movement-costs-america-untold-millions-2-3-milion-in-l-a-alone-versus-tea-party-movement-which-made-cities-money/
    https://startthinkingright.wordpress.com/2011/12/12/liberalism-marxism-see-the-occupy-movement-shutting-down-ports-capitalism-jobs-to-get-their-way-communist-russian-revolution-part-deux/
    https://startthinkingright.wordpress.com/2011/12/01/after-obama-deceitfully-demonized-gop-for-dirtier-air-and-dirtier-water-his-occupy-movement-leaves-behind-30-tons-of-diseased-filfth-at-just-one-site/
    https://startthinkingright.wordpress.com/2011/11/16/vile-liberal-occupy-movement-killed-the-grass-at-l-a-city-hall-what-should-be-done-now/
    https://startthinkingright.wordpress.com/2011/11/07/the-american-left-personified-by-occupy-movement-vile-violent-fascist-thugs/
    https://startthinkingright.wordpress.com/2011/11/03/vile-occupy-protests-in-videos/
    https://startthinkingright.wordpress.com/2011/11/02/occupy-movement-is-destroying-jobs-and-hurting-little-people/
    https://startthinkingright.wordpress.com/2011/10/25/tea-party-vs-occupy-protests-the-winners-of-the-out-of-control-violence-trophy-for-the-millionth-consecutive-time-is-the-left/
    https://startthinkingright.wordpress.com/2011/10/17/nazis-socialists-communists-liberals-democrats-obama-media-propaganda-all-support-occupy-wall-street/

  5. The Dauntless Conservative Says:

    MichaelE: You steal my thunder sometimes..but hey, I’m a bean counter (e.g. accountant) crunching numbers all day long…not much time to be a writer. (chuckle, chuckle)

  6. Michael Eden Says:

    Dauntless,

    You just make sure you keep telling the truth with the numbers. Because Obama is responsible for TRILLIONS of beans that need to be accounted for.

  7. The Dauntless Conservative Says:

    MichaelE: Sometimes I wish just once, just once, that a CPA (certified public accountant) or a CFE (certified fraud examiner) could be elected as potus or even appointed to Dept of Treasury. Liebruls just don’t care about numbers…just their thoughtless ideology.

  8. Michael Eden Says:

    Dauntless,

    If I were president – which of course I’ll never be – I would appoint someone who was utterly fanatic about killing fraud and waste and tell that individual to go to work with a chainsaw.

    I’ve commented before that I would appoint Ron Paul as Secretary of the Treasury. He could metaphorically put on a bomb vest and just run into the Federal Reserve screaming “Allah Aqbar!”

  9. quinersdiner Says:

    Congressman Paul Ryan has crafted a budget that gets us back on the path to fiscal sanity … and prosperity.

  10. Michael Eden Says:

    Yes, but Obama has a video demonizing Paul Ryan as pushing an elderly lady in a wheelchair off a cliff.

    That is obviously far more important than silly things like actual facts.

  11. The Dauntless Conservative Says:

    Can you imagine a team of CFEs examining the FED? Let alone the Cabinets and Congress.
    http://dailycaller.com/2012/06/26/idaho-gop-end-the-fed-bring-back-gold/

  12. Michael Eden Says:

    Dauntless,

    Now, now. Having our money actually backed by some kind of value is crazy. We all know that it makes much more “sense” to have a monetary system “backed by” a computer system that allows bureaucrats to add as many zeros as possible to create money out of thin air whenever they want to.

    Sheesh.

    Next thing you’re going to suggest we do other insane things like wear shoes when walking over broken glass when going barefoot is clearly working perfectly fine.

  13. The Dauntless Conservative Says:

    MichaelE; :) Now, Now, be careful..I’m good at what I do. :)

  14. Michael Eden Says:

    Dauntless,

    So far, no one has ever yet been good enough to convince lying Democrats that they are in fact liars.

    Good luck in your efforts, and wishing you every single possible success ;)

  15. Anonymous Says:

    MichaelE; :) You missunderstood what I said; I implied I was good being an accountant.:) …but I can see my comment could go the other way.:)

  16. Michael Eden Says:

    Dauntless,

    Nope. I was just stayin’ in the spirit of tongue-in-cheekiness.

    On the one hand, I think anybody with simple common sense can very successfully argue the truth with a liberal. But even YOU CPA professionals with all of your bean counting expertise are powerless to show a liberal how poorly they manage to count taxpayer beans.

    Logic and math can’t overcome the magical thinking of the party of fairy dust unicorn power.

    It’s like what happens when a deranged paranoid schizophrenic comes into your office. Good luck on your session being fruitful. Even if you’re the best CPA who ever walked the earth.

  17. The Dauntless Conservative Says:

    MichaelE: From my experience, the left doesn’t care about budgets, debt, etc.; only their ideology. Oh, they will put up a front to look like they care, but if you listen carefully, it is is the same progressive crap that has been creeping into our lives since W. Wilson and it magnified under FDR.

  18. Michael Eden Says:

    Dauntless,

    Yep. And then do good bean counters “count”?

    Democrats only want really crappy ideologue bean counters whose talent is in tying the truth up in numerical knots.

  19. The Dauntless Conservative Says:

    MichaelE: How true. Just to illustrate, here is an example to prove my point:
    http://thedauntlessconservative.wordpress.com/2012/07/01/there-was-no-april-surplus-that-the-cbo-reported/

  20. Michael Eden Says:

    Dauntless,

    What has it been, 64 out of the last 65 weeks that the unemployment numbers have been “adjusted upward” because Obama lied to us again (and again and again and again and again and again and again …).

    I wrote about some of the sea of lies pumping out of this administration here.

    The Obama people know that they can lie like dogs and get the lie on page A1 of the New York Times. And if the lie is “revised” it will be on page B-26 in tiny print. If it even makes the paper at all (you know the correction won’t make it to the television coverage).

    That’s the kind of low-life lying dog Obama is. He knows how to play dishonest politician better than anyone who has ever played the game.

    The CBO is largely the victim of the same game: if they are given the assumption that Democrats can crap gold bricks out of their butts, they have no choice but to accept that assumption and all they can ask is, “How many gold bricks are we talking about over what time period?”

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