The crisis in Greece remains … a crisis. After five years, during which time everyone who was paying attention said it was a crisis. And, of course, the crisis went unresolved. The end game may come soon but, then, who knows? But there seems to be a consensus of sorts building around the idea that it would be a bad thing if Greece were to leave the Eurozone. Bad for whom, one asks. The Greeks are in the Eurozone at present and it certainly hasn’t been good to them. Whatever their own sins – and they have been many – it is hard to see where membership is making their lives better. No money and no jobs, with a future that seems to come down to more pain.
The fault may not be with Greece so much as the whole enterprise of putting it into the eurozone with the Euro as common currency. This project was doomed from the start, as Milton Friedman said at the time. He appears, once more, to have called it.
If Greece does leave, we are told, then the whole enterprise may be in jeopardy. Which the global managers and bureaucrats cannot tolerate. Which is why, this afternoon, the U.S. Treasury Secretary:
… urged European leaders to find a solution to Greece’s debt crisis so that the country can remain within the eurozone,
Well, they had five years from the time they started noticing there was a problem. They put their best brains on it and they tried a number of fixes. Which seem to have a) postponed the day of reckoning and b) made things worse.
Maybe it is time to just let Greece go and if the Euro dies … well, nice try.
Hillary Clinton is asking supporters to chip in a buck. In an email this afternoon, Clinton writes, "I’m asking you to step up today, give just $1, and become a Launch Donor -- one of the tough, essential supporters who stood with me from the very beginning."
But Clinton says it's not about the dollar.
"It's not about the money. It's about knowing that when I step on the stage on Saturday, you’re with me. You have my back -- just like I’ll have yours."
Hillary Clinton is coming to Washington, D.C. for an LGBT fundraiser tonight. "Clinton will be in Washington, D.C., on Monday night for a fundraiser hosted by and attended by predominantly lesbian supporters," reports the Huffington Post.
Scott Walker does not think he's the front runner in the 2016 Republican presidential primary. Instead, the Wisconsin governor believes that title goes to the former Florida governor, Jeb Bush.
"Scott Walker is already hitting high gear, racing towards the front of the pack on his Harley and in the polls," said ABC reporter Jon Karl. "So Governor walker, you're up in the polls nationally, you got a big lead here. Are you the front runner now?"
President Obama and Secretary of State John Kerry both spent two days in April at the Summit of the Americas in Panama, but hotels and transportation for the entire delegation for the conference topped $1.4 million.
Bill Clinton, no stranger to controversy, raised eyebrows again with a Clinton Global Initiative gathering last month, as ABC News put it, "at a five-star luxury hotel in Morocco [hosted] by one of the world's most controversial mining companies, criticized for 'serious human rights violations' by the Robert F.
In a 41-second video that's set to be released later this morning, the Republican National Committee is using a populist message to hit Hillary Clinton for "hypocrisy."
The video mainly features a snippet from a speech Clinton delivered on Wednesday, May 27, at the South Carolina Democratic Women's Council. "Because we're going to have to stand up to the people who want to keep the deck stacked in favor of those at the top. We're going to have to fight to make sure that the success of our country is shared across the economy," Clinton says in the RNC ad.