The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Perfect Bailout Metaphor Achieved

by Smitty Daniel Hannan on Twitter points to The Telegraph with a story of classical, titanic impact: Maiden voyage of Bronze Age boat founders The crew of a half-sized replica of a 3,500-year-old Bronze Age boat had to abort the vessel’s maiden voyage after it sank as soon as it entered the water. Hannan relates [...]

Sarkozy Discovers His Open Right Flank

Because it is my habit to ignore smelly foreigners (and let’s face it, they all stink), I pay little heed to the troubles of French politicians. Nevertheless, Nicholas Sarkozy is the most pro-American French politician since . . . Well, he’s pro-American, and so his difficulties are kind of relevant. In order to retain power, [...]

What We Need Is An MEP Rant

by Smitty For some reason, the farce that is the Greek default seems to bother Nigel. Take it away, Mr. Farage: You’ve got to love the Carry On bit at the end. The imagery works quite well for the sad pack of jackwagons running the U.S. Into the dirt. via Theo Spark

Daniel Hannan CPAC12 AECR European Debt Crisis Panel Introduction

by Smitty I didn’t see any other cameras in the Tyler room for the European Debt Crisis panel. This may be an exclusive. The battery was spent after Daniel, so his intro was all I could capture. My argument is that if the British don’t make Hannan the Prime Minister really soon, somebody (say, Fox) [...]

First Daniel Hannan Pic!

by Smitty I won CPAC, albeit rather early: And that’s without even making the Blogger Bash, which I skipped for the World’s Youngest Blogger:

Two Wrongs Don’t Make A Right. Two Thousand Wrongs? A Right Jolly Commie Start.

by Smitty IoawHawk called it a “Last minute entry sweeps Stupidest F’ing Thing You Will Read This Year awards”. Neil Clark blazes beyond beclownment bounds: No one questions that Havel, who went to prison twice, was a brave man who had the courage to stand up for his views. Yet the question which needs to [...]

The Economy: How Bad Does It Suck?

The Dow Jones Industrial Average lost 236.17 points Wednesday, closing at 11,257.5. Since Nov. 11, the Dow has lost 896.13 points (7.4%), and the forecast is ominous: Stocks suffered a sixth straight day of losses on Wednesday as frustration over the euro zone’s debt crisis, coupled with weak Chinese factory data, further dented investor sentiment. [...]

Palate Cleanser: Nigel Farage Lets Loose The Barrage

by Smitty Nigel Farage is slightly less refined that Daniel Hannan, but that’s no complaint: sometimes you feel like a mallet, sometimes a scalpel. Farage goes all Donald Trump and starts telling the Eurocrats that they should be fired. We have legions of civil servants in need of the same words here. via HillBuzz, who [...]

Eurocrats On Greek Referendum:
‘Are You Serious? Are You Serious?’

by Smitty Daniel Hannan in The Telegraph with an insider view of the Brussels reaction to the Greek referendum on the latest bailout farce: I wish I could convey the sheer horror that his proposal provoked in Brussels. The first rule of the Eurocracy is “no referendums”. Brussels functionaries believe that their work is too [...]

EU President Van Rompuy Continues Playing Whack-A-Mole, When Whack-A-Budget Is Needed

by Smitty (h/t Memorandum via Google Reader) Reuters reports: European Council President Herman Van Rompuy has called an emergency meeting of top officials dealing with the euro zone debt crisis for Monday morning, reflecting concern that the crisis could spread to Italy, the region’s third largest economy. European Central Bank President Jean-Claude Trichet will attend [...]

French Plan for Greek Crisis Won’t Work

The stock market surged last week after France announced a plan for French banks to roll over some maturing Greek bonds, thus helping avert default. But now credit rating agencies have had a chance to read the fine print on that plan and aren’t liking what they see: Greece risks being judged in default on its debt [...]

Greeks Riot as Parliament Approves Budget Cuts to Avoid Debt Default

Financial markets breathed a sigh of relief Wednesday after the Greek parliament approved an austerity plan needed to avert default on the nation’s debt: The Dow Jones Industrial Average rose 72.73 points, or 0.60%, to 12261.42, capping the blue-chip measure’s biggest three-day gain since March. . . . Stocks have swung up and down for [...]

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