US to blame for Europe's debt mess
EU official sounds off
- Duration 9:08
- Date Jun 23, 2012
EU official sounds off
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-- here's how bad -- we get has been the one Barack Obama he doesn't say squad at a global conference after a clueless.
European leaders says everything that ails them.
Boss these crises must not originated in Europe.
Since you mentioned must America these -- just wasn't rejected us America.
Did so far and -- had -- every time I hear this guy hadn't started.
-- Now to Charles -- that Jerry's its citizens.
And genitals Perino.
Charles -- incredible incredible first of all president Obama's to reach over and smacked them to be quite frank with you but let's and I'm -- These the union address and no US you wanted to -- one -- do you want to go the -- Mexican bug guy was an NY and the White House and garden this America.
On the war on drugs -- you -- If you have jobs to Mexico what.
Shoot but all of these gutless I just didn't -- of the French accent but stayed calm and -- the -- of the -- and I haven't really always it's always.
I don't understand -- part doesn't Europe's problems of their own they've been festering for decades and noted this redistribution and a well they stole a wealth from the private industries they've given to the public sector all the -- Smart people left now they have to get out of this world they can't control they can't keep it going and he still wants a lot like Angela -- report pony up some gas.
No it's not gonna happen this should happen to her.
Well I agree with Charles I'm not quite as exercise if you think anything's gonna you know it's not an accident and.
We've got Paul hall -- act out I had an -- that's about all I got that good that's fun -- well.
Europe's High Court here's what they had to say this we keep -- wondering whether Europe can cut their costs.
They said that six week vacation that European workers get not only is -- sacrosanct but if you get sick on vacation you're -- player has to give you.
More vacation so if you think they're gonna actually cut costs and save money forget about it.
Yes -- and -- and that's it should be well my dad and my great grandmother left Italy say.
Was -- having this all get to do is go to Europe and realize.
That their problem is the fact that he did not have an entrepreneurial class they don't have they've chased them out of the company's about -- -- but why am -- sitting here.
It now because we ask ourselves that -- really I.
That left -- -- it event bomb it yet this is so why the most productive citizens -- Europe and and add people that wanna stay on the welfare remain.
It's it's it's their fault it's not -- if they think it's our fault that they have welfare states that are draining the economy you know launch -- and they're never gonna get out of this I think it's actually scary that he said that.
Because it means that stewards of the cuts athletic than I did candidate means they have no way out but added here's the words -- -- about it and to address appointed Jerry made a lot more illicitly and clearly -- -- but it is this.
We're live in an -- now.
Where the the countries that are screwing up.
Now turn around on the countries that are not necessarily will -- -- we are a bad global examples.
But to say dazzled Germany's floor -- say that the countries that are pretty good with their money.
And in the case of Germany one of the few countries on this planet.
That have more money coming in than going out which is -- an accomplishment.
Yeah it's likely we we're we're living in an upside down world here.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Here and and then there's reality so.
It doesn't shock me that that you have a French politician.
Blaming the United's.
He's not quite like that that's what that was it is that he's Portuguese he has -- -- -- -- Yardley did so much -- -- it something that he doesn't even have that accident.
It's I guess we have -- -- -- -- from Britain but -- figure doesn't Brooklyn accent gives them a lot more -- they will tomorrow and that's.
But so -- is that when you -- that I digress the accident still stands continue.
It doesn't surprise me that that a European politician is criticizing United States because -- blame me because.
You gotta blame somebody right and our politicians do that to me we're gonna talk about that later you blame.
Whoever you can.
I agree completely that it's nonsense that they should criticize the Germans for wanting them to you know to carry their load.
But the question becomes.
What should they do next I'm not sure hope -- -- in Greece is right.
Is the way.
What -- the problem now.
I just wanna throw the tournament one more point aren't Charlize ancestors left left Italy the -- modern welfare state didn't exist so.
Let's not confuse things I don't.
No I literally save a lot of Wilson is -- -- did not are leaving now that didn't -- welfare state did not exist here right.
That no it didn't exist in Italy and it did exist here either I think it was for you.
And that's why the -- I don't say what what so what they it what happened was you had an impoverished country right.
And people left right now they're not leaving and what -- most and the people that aren't leaving.
Are basically the welfare state people wanted to collect those checks and it's it's a lobby just go there and you -- sit on there zapatero and Tuesday were ticket takers at the coliseum it was a hole.
But what but.
So that's that that's that these -- question all Germany's lead hey don't take six weeks of vacation hey don't get paid fourteen months a Workman twelve -- to work hey don't retired fifty.
Hey pay your taxes and stop stop taking -- from people generated and giving it the people's -- A lot of peanut.
-- -- -- That's why you don't get a lot of immigration from Italy right now.
Guess what but let me they're gonna not get any -- point -- -- what you just like that out.
But Gerri Willis -- be -- -- getting concerned for Charles pins this out of pressure and how.
-- there's sub -- general view here that the blame game is now gone and I.
Well they have to blame somebody can I just think the point about -- also that we just heard from the top of the show.
And Portugal here and Portugal -- right.
Portugal has -- GDP of Connecticut.
He knows nothing about big economies he is incapable of deciding how of the economy might work what might make -- go Portugal and now one person has of a lot of.
This is that the GDP -- 178%.
Public debt to GDP under an 8% household debt to GDP over a 100%.
I -- he ram ports -- What did get -- you have me there body rant I don't want economic and implement it doesn't hurt you buddy in this spot -- -- -- you the UN to -- he -- these mindless debates at the UN attack it absolutely like they blamed us for everything goes I go to Los orthodox lady I always -- Civil rights.
Can't Singapore president Obama's MC which is one of the reasons the president can criticize him.
He's saying everything he did did your dad and that was his -- and that.
Let me say something unpopular here to expend -- living right and I mean.
I know it what we are world leaders and we how -- we -- we -- do.
I don't we can destroy you -- let me finish gaps and we did screw up in 20081.
-- -- -- -- screwed up by the way.
Was making bad investments in Europe but he's not only good -- I'll name is indicted so we and that's what -- should we invest in your and that hurt them.
Well it hurt us I think are -- -- economy get better and Iran they got our free money.
But yeah they did -- I guess I'm excited now we get to the point of silly on this but I think this Charleston.
It would be almost as if I'd be -- -- the history of Europe's problems cradle to grave entitlements has decided to build tunnels things you said retiring at fifty.
You know sixteen weeks take it all is -- It would be likely be BankAmerica for the problems of the hundred years war.
Ed Ed that you -- I don't think BankAmerica was around Santa.
But with every single don't ailment there.
-- America financial interest still even assuming that with the case.
Would you want to bite the hand that always tends to rescue you to -- you.
When push comes to sub was a -- gets contributed to the -- the biggest contributor the World Bank.
And that these member banks say what you will their villainous tendencies.
It is in your interest and should be your worry when they get downgraded.
Because to -- -- -- -- fine reporting point this week.
The first to break that story that means less likely to help your serious.
Well I think they have attendance -- atmosphere -- President Obama and President Obama the economic policies that he wants to instill in this country are the exact economic policies and Italy right now.
And it ended it hasn't worked there and it won't work over here but they have a friend in the president and I.
And isn't there a look a knee jerk reaction on the left the blame us for everything.
I -- look really good apple you we are still until tomorrow attacking us solve this you know the reason why we get in trouble because of the -- the -- did wrong hit a belief in American exceptional -- There's always been a left wing belief that we're at the center of evil if there's human rights violations.
Were worst in Libya environment the environment where worst -- and Russia and and and the economy war worsen that went.
It's so obvious that they Dick -- this thing up.
Well we got they did a -- doesn't it.
The excuses stopped but for those of you home the weight thing it is a pirated suggests.