MAGGIE THATCHER WAS RIGHT ABOUT THE EURO

I remember when the countries in Europe were pushing for a single currency and I remember Margaret Thatcher –the conservative PM of the UK being laughed at for being a dinosaur because she opposed it.

While Europe is going down the toilet because of the predictable results of a one-size-fits-all liberal “solution” Maggie is looking pretty smart.

Meanwhile, there are plenty of liberal running around America who still think we need to be more like Europe.

  • Rich

    Let the liberals move to Europe. See ya. Don’t let the Atlantic hit you in your a$$.

  • Ken

    Lady Thatcher was right about a lot of things.

    • http://justwatchthegame.com John Steigerwald

      I’m sure that the movie starring Meryl Streep (coming out soon) will do her justice.

      • Ken

        The early review that I read didn’t sound like it was any sort of hatchet job.

        The family was unhappy at it’s portrayal of her dementia. That might be in poor taste, but unfortuately it is true.

  • Donald

    When is centralizing government, in any form, ever a good idea for anybody but the ruling elite?

    • http://justwatchthegame.com John Steigerwald

      Never.

  • howard

    Certainly starting to look that way.

  • Drago

    So having a single currency is a “liberal” idea? I’m guessing that the United States was full of these “liberals” in the late 1700’s and 1800’s when our country was making banks and states issue a single central currency and banking system? It’s the same principle…and look how it worked out for the U.S. eventually.

    You can’t be that naive and obtuse to think that when Europe went to the Euro that their wasn’t going to be some growing pains….this will only be a minor burp in the long run for Europe since a single currency for them is obviously a much better system in the grand scheme of things.

    And if you really want to get down to the root cause of the financial crisis not only in Europe but in America it can just be traced back to the root cause which is, in fact, conservative principles at it’s most bare and extreme. It can’t even be argued that it wasn’t anything but unregulated capitalism that caused this…it’s a fact.

    • http://justwatchthegame.com John Steigerwald

      It’s a fact in your opinion. You call it a minor burp. I call it throwing up all over themselves. Let’s get it over with and have a single world currency. What could go wrong there?

      • Mason

        Drago, by unregulated capitalism, do you mean when our federal government mandated to banks to loan money to people to buy houses they couldnt afford?

        I guess I’m obtuse too, because I don’t see how a governing philosophy of perpetual tax increases and regulation on the 50% of the population that is productive, to provide social programs for the other 50%, is a successful path to a thriving economy (todays liberalism).

        • http://justwatchthegame.com John Steigerwald

          As Thatcher said, socialism is great until you run out of “other people’s money.”

    • Ken

      A single currency in Europe vs. the US is hardly a valid comparison. The US is one country, one people. One federal government. There are and were regional differences, but overall the same culture, same language.

      In Europe, you disparate cultures and languages, very different work ethics. Compare Germany and Greece – you can’t have a common currency and common economic policies with two very distinct cultures where one, Germany, is very work-oriented and conscientious in budgets matters and another, Greece, where people expect to retire at 55 from government jobs with full pensions.

      The root reason why the EU is a bad concept is that all these nations still have their own central governments, tax policies, and levels of government spending. How can have a valid currency with no consistent domestic and monetary policy among the EU members?

      And what you wrote below is “a fact” why, because you say it is? Because the leftists say it is? When has there been unregulated capitalism in this country? If the banks weren’t “regulated” by the government into making loans to every unqualified person who wanted a home but couldn’t afford one, the whole crisis would not have happend.

      “And if you really want to get down to the root cause of the financial crisis not only in Europe but in America it can just be traced back to the root cause which is, in fact, conservative principles at it’s most bare and extreme. It can’t even be argued that it wasn’t anything but unregulated capitalism that caused this…it’s a fact.”

      • http://justwatchthegame.com John Steigerwald

        As I said, “One -size-fits-all” Utopian stupidity.

  • IsraelP

    When DeGaulle shot down the British application to join the Common Market in 1963, my history teacher at Allderdice announced grimly (paraphrase) “You have seen this week the demise of England as a world power.”

    Mrs. Thatcher never got that message.