Our own stock market meltdown in the U.S. has naturally set off a tidal wave of economic troubles across the rest of the globe. Europe most recently was hit by the aftershocks of our last crash, and now they have begun to criticize speculators stockholders, and the U.S. government, looking for a target for their wrath.
And yet hardened U.S. stock market experts are acting the complete opposite. They aren't worried. And why should we be? And more importantly those self-righteous European slugs should get off our back and worry about their own problems. We can handle this. We are handling this. Our economy had been through low times before, but we rebounded then. This is natural, just listen to Led Zeppelin's "Good Times, Bad Times". Chill out. Europeans are acting like little kids, whining and complaining and trying to blame other people for their problems, citing "voracious selfishness" of speculators and "stupid sluggishness" of regulators as the cause of the economic crisis. If your economy can't stand up without ours supporting it, you probably shouldn't be too critical. The cause for this wasn't greed or selfishness, it was average people overestimating their wealth and defaulting on mortages. The last thing we need is panic.
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