Euro zone economy falls deeper than expected into recession

President Obama did a great job saving the US.
Europe is getting worse with their solutions, the US got better with Obama’s actions.

Surprise!!
So the hype, confident statements and analysts’ optimism didn’t help…

What went wrong??

Get real, for a change.

I want some of the same psychotropics that americanguy is taking.
I have not seen anyplace Obama did a great job saving the U.S.
The debt clock for the U.S. is currently at $16.52+ Trillion Dollars.

Germany has to understand that there is no alternative than giving incentives to growth. Nobody buys or even pays their debt if does not have income. This is valid for a Country as well. Trying to solve debt problems with budget restrictions is a tremendous mistake. The history is going to tell us. They should control unnecessary expenses and increase investments in infrastructure. Also there is no solution but consolidating the EU debt administration. Is either this or worse!

So the collectivist hens come home to roost in Europe while Great Britain debates whether or not to bail out of a sinking ship. Meanwhile, US politicians who have little to gain from Europe’s hard lessons continue to distribute the seed corn to an electorate drunk on media kool-aid. (Hint: this “recovery” is barely sputtering along and the US is one step from the fate of our friends across the pond, though one wouldn’t know that from such inane photo ops as 3D printing in Ohio- Seriously?)

Jeepgirl,

Get your head out of that dark recess and take a lesson from what austerity blathering is bringing to Europeans. Are you for the same fate here?

The European Central Bank is being too stingy with its euros.
Sterling Greenwood/AspenFreePress

This is where the USA would be if the GOP had their way.

realityagain and jeepgirl are right in their assessment of things. The euro-socialists are further down the road to serfdom than we are, but the dems and our president are running to catch up with them as fast as they can.

the europeans are further down the road to serfdom than we are but our leaders are playing pretty good catch up ball.

When has euro style austerity ever worked??? The Eurozone hard money moralists are being shown for what they really are: charlatans. US economy is growing, barely, because of stimulus. Stimulus should have been a lot more. JM Keynes being proved correct again. Right before our eyes.

Americanguy must be using drugs!!

More cuts will equal more prosperity …. We can see how that worked for Greece.