Ah Europe.

Americans are all too eager to accept the cultural superiority of Europeans as gospel, particularly NorthEastern liberals. Europe has "free" health care! Europe didn't embroil itself in Iraq! It has culture!

Fucking bullshit. Europe's economies are a train wreck. Their socialist policies have failed to curb rampant unemployment and poor economic growth. They have been the model for the failure of long-term psuedo-socialist Keynesian policy.

6.1% unemployment in America is a crisis. That would be the lowest rate in France since, what, WWII? And that prick Sarkozy is wagging his finger at America about its policies?

But don't worry, Europe can keep up its pointless Schadenfreude party, because Germany and Ireland have guaranteed all bank deposits. Sure, their national debt would be something like 325% of GDP if that promise were ever tested, but hey! Europe's BETTER THAN AMERICA. They're superior culturally and ethically! Except they've made an infinitely more ridiculous promise to their citizens while staring down their noses at the bailout plan.

Hypocrites. In other news, the dollar is kicking the Euro's ass, because with those promises Berlin has effectively declared the currency worthless. The US may borrow big but at least we aren't giving up on fiat.