Cavuto says America. QED.

I'd say either way we're fucked. But it is nice to come up for an illusion of a breath of air today.

Maybe a link to an article describing Europe's actions would help the responses?

Cavuto also keep saying that the economy was strong. 700billion vs. 2.3trillion I say E.U. Plus, Cavuto is bias!

@anonymousryan: Here is Paul Krugman's analysis... [www.nytimes.com]

Bottom line: The Brits moved faster and had a deeper bench of intellectually capable people to deal with the mess. Whereas, the White House (and its Treasury) failed on speed and skills.

@anonymousryan: Here is a good one [money.cnn.com]

@AlexPDL: Ah, Krugman is always appreciated. I think he nails it on the head, the idea of taking partial public ownership of a private firm simply sends the neo-conservative into a red panic.

As much as I respect Cavuto and his professional demeanor I believe the US should be exempted from any talk of "handling better"; once we started on the bail out path to socialism we left the neighborhood of handling better in the rear view mirror, comrade...

If only Holland could have kept up confidence in the tulip bulb market, maybe that could have prevented a crash there, too. Because it's all about confidence.

Not value.

Confidence.

for the record
government sponsored corporations and subsidization of industry is characteristically fascist more so than it is socialist. socialist is more about excess in public goods; fascism is private industry flush with government capital to encourage national economic expansion and independence.

@panzerschreck1:...wrapped in a flag and carrying a cross.

"The ex-Reagan economic adviser"

problem identified...

@umbriago: can't wait til it's an iron cross.

@panzerschreck1: More of a right wing concept than a left wing concept for those keeping score.

@panzerschreck1:
Do you have an example from a fascist regime (Spain, Argentina etc?) besides the national socialists?

does europe's socialist efforts also include russia? ...because we all know what happened there

@no.no.notorious: my point is that not all of europe is a happy place where they hand out free medication and the public transit is flawless.

i know russia isn't socialist, incase that's lost in translation

I think its funny how despite all the socialist policies in Europe, they can't get out of the same rut America is in. Neither is handling it well and neither is looking out for little guy. As usual, the middle class will have to bear all the burden.

@katylostherart:

FAIL

It was a combination of factors least of which is Reaganomics.

I just came in to say I like Tin Tin.

That is all.

Ah, one of my favorite Tintin stories - "Tintin and the Giant Red Exploding Erection."

We are not out of this one bit. Their will be even more ARM resetting in 2010 than there was in 2008. Than all attempts to hold this off will fail.

What a ridiculous question. It's like asking whether the driver 50 feet behind you can avoid the car accident. Duh, of course they can. They've seen your failure and know exactly where not to swerve. Might not avoid it all but their odds are better than yours.

Canada.

@Josh:

Once the mortgages have diminished as a threat to the banks, or once the chaos spreads to become larger than it should be if the only problem were mortgages, yes, it is a matter of confidence.

@no.no.notorious:
I shouldn't think so. Russia isn't really Europe, they're kind of their own thing.

Is that Captain America on the right hand side? Isn't Captain America dead?

Oh, I see what you did there.

@arcticJKL: 1930's Germany and Italy.

Did someone just say we are having a "crisis of confidence"?

Hello malaise!

Kudos to the Tintin picture!

The US has two parties under orders from lobbyists. The Europeans have a shitload of countries with at least three parties in each, and a union government to deal with as well.

When governments are in disagreement and have to work together, lobbyists for businesses are useless. The US economy is going to implode, while the Europeans will clean up their mess and get back to business as usual - unfortunately.

What in the world is it going to take for Milton-Friedmanesque laissez-faire economics to be discredited as the misguidedly blind orthodoxy it is? At this point in civilization's history -- that is, after so many failed attempts at each -- it's pretty clear that neither pure capitalism nor pure socialism works. Each has its merits, and there's nothing wrong with cherry-picking these and coming up with some kind of hybrid, as most non-American democracies have done, mostly with considerable benefit to their societies.

Yes, people need the freedom to forge their own destinies. But regulation and social programs are also necessary in order to check both corporate corruption and the beating-down of citizens who are poor or weak through no fault of their own.

In other words, I hope it's soon beyond the realm of argument that the European/Canadian economic model is both more humane and generally works better than the American system of the past decade -- the one that's led the world economy to its current crisis.

@Rectilinear Propagation:

Captain America dies and comes back all the time just like every other comic character. Right now Bucky (NooOooOoOoOoOoOoOoOoOO!!!!!!!) is Cap. Previously, there was another Cap when Steve died a different time who has now come back for another round; I suppose as an evil Cap (I haven't really been keeping up).

So just cause Europe is taking all these measures it makes it right for the U.S. to do? C'mon we're not Europe. Our government is different, our economies are different. Hell, isn't that why we broke away in in late 18th century. Nah, I must be thinking of something else.

@no.no.notorious: Different name tag, same situation AS NOW IN USA!

Corruption killed URSS. Now it's USA's turn.

(By the way, Russia is verrry capitalist now. More than USA. The strong survives and weak get swept under the carpet.)

@Josh: Well, how can you trust a flower?