Road to Depression

Germans vote no more bailouts!

on . Posted in Road to Depression

HAMBURG, Germany - February 20, 2011 - As the results of the first of seven German regional elections hits the wire, the German people are heard loud and clear: "no more bailouts."

The outcome of the Hamburg election is nothing short of a disaster for Chancellor Angela Merkel and her ruling (for now) CDU party, which lost control of Hamburg, Germany’s richest state, in the first of seven state votes this year that threaten to limit the Chancellor’s scope to respond to Europe’s debt crisis, according to television projections.

Merkel’s Christian Democratic Union took 20.8% in today’s election, its worst result in the port city since at least World War II, ARD television projections showed.

The Social Democrats, the main national opposition party, took 49.8%, enough to end the CDU’s 10-year rule in Hamburg and form a majority government without need of a coalition partner.

The CDU suffered “a massive collapse of support in this booming city that must set off hand-wringing in Berlin,” said Hans-Juergen Hoffmann, managing director of Hamburg-based pollster Psephos. “Merkel will surely be concerned now that this disaster won’t be repeated in upcoming state elections,” he added.

What has happened in Germany is nothing short of a revolution to the existing status quo. The attempt to cover up European bailouts with endless rhetoric is finished. If Merkel continues on the course she is currently heading, then she is history... and she knows it too well.

It is time to be less than bullish on future prospects for the euro.

Eulogies

Eulogy for an Angel
1992-Dec. 20, 2005

Freedom
2003-2018

Freedom sm

My Father
1918-2010

brents dad

Dr. Stan Dale
1929-2007

stan dale

MICHAEL BADNARIK
1954-2022

L Neil Smith

A. Solzhenitsyn
1918-2008

solzhenitsyn

Patrick McGoohan
1928-2009

mcgoohan

Joseph A. Stack
1956-2010

Bill Walsh
1931-2007

Walter Cronkite
1916-2009

Eustace Mullins
1923-2010

Paul Harvey
1918-2009

Don Harkins
1963-2009

Joan Veon
1949-2010

David Nolan
1943-2010

Derry Brownfield
1932-2011

Leroy Schweitzer
1938-2011

Vaclav Havel
1936-2011

Andrew Breitbart
1969-2012

Dick Clark
1929-2012

Bob Chapman
1935-2012

Ray Bradbury
1920-2012

Tommy Cryer
1949-2012

Andy Griffith
1926-2012

Phyllis Diller
1917-2012

Larry Dever
1926-2012

Brian J. Chapman
1975-2012

Annette Funnicello
1942-2012

Margaret Thatcher
1925-2012

Richie Havens
1941-2013

Jack McLamb
1944-2014

James Traficant
1941-2014

jim traficant

Dr. Stan Monteith
1929-2014

stan montieth

Leonard Nimoy
1931-2015

Leonard Nimoy

Stan Solomon
1944-2015

Stan Solomon

B. B. King
1926-2015

BB King

Irwin Schiff
1928-2015

Irwin Schiff

DAVID BOWIE
1947-2016

David Bowie

Muhammad Ali
1942-2016

Muhammed Ali

GENE WILDER
1933-2016

gene wilder

phyllis schlafly
1924-2016

phylis schafly

John Glenn
1921-2016

John Glenn

Charles Weisman
1954-2016

Charles Weisman

Carrie Fisher
1956-2016

Carrie Fisher

Debbie Reynolds
1932-2016

Debbie Reynolds

Roger Moore
1917-2017

Roger Moore

Adam West
1928-2017

Adam West

JERRY LEWIS
1926-2017

jerry lewis

HUGH HEFNER
1926-2017

Hugh Hefner

PROF. STEPHEN HAWKING
1942-2018

Hugh Hefner 

ART BELL
1945-2018

Art Bell

DWIGHT CLARK
1947-2018

dwight clark

CARL MILLER
1952-2017

Carl Miller

HARLAN ELLISON
1934-2018

Harlan Ellison

STAN LEE
1922-2018

stan lee

CARL REINER
1922-2020

Carl Reiner

SEAN CONNERY
1930-2020

dwight clark

L. NEIL SMITH
1946-2021

L Neil Smith

JOHN STADTMILLER
1946-2021

L Neil Smith