Europe Will Need to Dig Deeper for Greece - WSJ.com

NURTURE OR NOT (BUSINESS)!: Europe Will Need to Dig Deeper for Greece - WSJ.com

Isn't there a question begging to be inserted here - i.e. "What does it say when banks find better investment opportunities in giving government money rather than the private sector?"

Clearly the communist / socialist labor practices in periphery countries go against all logic (jobs for life, 3 people doing the job 1 person could do, regulations for regulations sake, belief that performance and productivity have no relationship to salary or compensation, etc.). Yet, banks freely lent to these governments.

The US is in the same position. Obama and his liberal allies want to spend more money through the government than they can possible tax from the rich. The public is deluded (happily) into believing the bounty of government can be maintained by just getting the rich to pay.

Every statistic produced shows the liberals are in the proverbial 'la-la-land'. Bill Gross at least is refusing to buy government bonds.

Sadly, support for private sector initiatives and investment (as just talked about on Bloomberg) is a 'tone' against business that makes any investors extremely cautious and distrusting.

It's sort of like a family. Kids can know they have a pair of loving parents who are nurturing, etc. - or, they can know they have the opposite. Right now, governments find it hard to nurture business because too many people believe they are 'entitled' to something they can't earn and only government can redistribute.

This redistribution can come from taxes or borrowing (i.e. from the income of others or their savings). Either way, redistribution doesn't build the wealth of society. It does the opposite.