Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1425087 Comments:2390
If “consumers” aren’t driving.....they aren't spending.
$82 handle on oil now.
Nothing's changed since Friday.
Forbes only last week wrote this in relation to what Obama should do about Spain:
“An American President would know how to say to Angela Merkel – if you do not compromise, if you do not resolve this, then we will begin sidelining your companies from our high speed rail projects; we will make it tough for you to sell luxury cars; we will review procurement procedures to eliminate your companies from our public tenders. We will not relent until you do.”
There is no way the electioneering Obama could be seen to be weak on euro-contagion, and so he has acted. Good for his campaign, bad for the Pentagon and the oil business who had other plans for Greece…and if the truth be known, still do.
As always with Berlin, however, there’s a catch: the Chancellery signalled that it may be open to euro-zone bonds or further support for the region’s banking sector, but that would depend on other countries agreeing to transfer more power to Brussels."
