Friday, July 3, 2015

Schizophrenia is a Greek word, how appropriate!

Over the last few years, I have often chuckled at our American political polls. For example ..this very day, a check at will show that President Obama has a 46.1% approval rating -- but at the same time 60.5% of those same people polled think the country is on the wrong track. Huh?

And so it goes as well in Greece this weekend where they are having a national referendum on the very future of the country. More than 80% of the Greeks want to stay in the Euro bloc. But the same polls show that 43% will vote NO Sunday (against the austerity measures necessary to stay in the Euro community) and only 42.5% poll YES......  If the vote turns out that way, they will be out of the Euro community, back on the Drachma, and facing bankruptcy from the gob'mint down to the local banks and tavernas.

Here is a link to a Bloomberg Business report just released yesterday -- it's lengthy but if you are short of time just scroll down to the charts and graphs. They are clear, concise and spell disaster..........

And perhaps an early peek at what Puerto Rico, Illinois, Chicago, and California are facing in the near future and what this nation may be facing in the not-to-distant future......

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