‘We are now Europe!’

‘We are now Europe!’

Jan. 30, 2013

By Katy Grimes

Rick Santelli, my favorite vociferous and opinionated financial news guru, today said that with the federal government’s release of the latest report finally showing that the economy actually shrunk in the fourth quarter last year, “We are now Europe.”

“When you act like Europe, you get growth rates like Europe. We have become Europe!”


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  1. But Europe Is Better
    But Europe Is Better 30 January, 2013, 13:46

    Who said economic growth and job creation are accurate measures of a country’s well-being? My friends and I traveled in Europe in the summer after our college graduation and it is so much better than America. Much more communitarian. Health insurance and education for all, more time for leisure, liberated from Puritanism. High speed trains. Wonderful.

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  2. Paul
    Paul 30 January, 2013, 14:27

    I’ve been saying that for years…….

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  3. CalWatchdog
    CalWatchdog Author 30 January, 2013, 15:01

    Paul: When were you in Europe?

    In any case, Europe’s birth rate is so low it’s dying out. The same thing in America, especially California, but more slowly.

    And your description of Europe sure sounds like America today! (Except for high-speed rail; we have jets instead.)

    “Health care and education for all” — we have Obamacare and the public schools.

    “More time for leisure” — we have generous welfare for those who don’t want to work.

    “Liberated from Puritanism” — say what? The old Christian moral code is just as decayed here as in Europe, maybe more so. We do have Puritanism — but it’s secular Puritanism, in which the government minutely controls every aspect of our lives through regulations and political correctness. But that’s probably not what you meant.

    — John Seiler

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  4. Hondo
    Hondo 30 January, 2013, 15:07

    Its George Bushes fault. Obama already said it.
    Even tho Obama had complete control of the house and senate in his first two years, including an senate the republicans couldn’t filibuster. And even tho the house went to the rino’s, Harry Reid and Obama shut down the senate to stop all budgets for 3 years.
    A trillion dollars in stimulus spending and 6 trillion added to the debt, and trillion dollar deficits as far as the eye can see, hasn’t stimulated the economy. It has only dropped kicked our kids future in the nuts.

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  5. Ron
    Ron 30 January, 2013, 15:38

    Paul: Please, are you serious? When have you ever heard of an entrepreneur moving to Europe for the economic advavtage or for a chance to get ahead. I know many who have left Europe to access the American dream but have only known people to immigate to Europe to take advantage of even more free stuff. I would love to know what Paul does to contribute to society. I am almost 100% sure he is a moocher, a taker and a second hander living off the American taxpayer already.

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  6. jimmydeeoc
    jimmydeeoc 30 January, 2013, 16:20

    Europe is a museum.

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  7. SkippingDog
    SkippingDog 30 January, 2013, 17:57

    Good. Europe is a nice place. We could learn a few things from places like Norway, Sweden, and even (gasp!) the French.

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  8. Dyspeptic
    Dyspeptic 30 January, 2013, 18:39

    @But Europe is Better,

    “Who said economic growth and job creation are accurate measures of a country’s well-being?”

    What a howler. You’re kidding right? Are you a Democrat political consultant by any chance?

    Reply this comment
  9. Dyspeptic
    Dyspeptic 30 January, 2013, 18:44

    Hey Skippy, do us a favor and buy a one way ticket to France. Bon voyage. Oh, and learn how not to bath regularly, surrender to the first German you see and by all means practice being insufferably rude and arrogant.

    Reply this comment
  10. SkippingDog
    SkippingDog 30 January, 2013, 18:50

    You’ve apparently never been to France, nor anywhere outside of Rialto given the tone of your post.

    Reply this comment
  11. Hondo
    Hondo 30 January, 2013, 20:29

    One of Frances economic ministers said in the last few days that his country is completely bankrupt.
    Socialism fails when you run out of other peoples money. France is broke.

    Reply this comment
  12. jimmydeeoc
    jimmydeeoc 31 January, 2013, 14:16

    “…We could learn a few things from places like Norway, Sweden….”

    Indeed, Skippy. Like addressing their entitlement system, which they have at least attempted. May be too little and too late, but at least they recognize there is a problem.

    Unlike the ostrich at 1600 Pennsylvania Avenue.

    Reply this comment
  13. SeeSaw
    SeeSaw 31 January, 2013, 20:17

    I have a relative who is a social researcher. He has been working recently as a visiting professor in Sweden. He says that the people in Scandanavia are much happier than are our citizens in the U.S.

    Reply this comment

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