Madoff give me $1 million and I'll co-sign...

Madoff was released on a $10 million personal recognizance bond secured by his $7 million Manhattan apartment. But because he failed to secure the required number of co-signers for his bail bond home detention was required. No chance of leaving the country now for a Ponzi-friendly jurisdiction...Madoooooff if you give me $1 million I'll jump in and co-sign on that bond. It's all for the public good! I have so many debts and people to pay and I promise to spend all the remaining money on charities and the economy. I know you have internet at home and if you don't mind you can wire the amount here. No prob. Do we have a deal Madoff?? :)

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Fired? Your debt is cancelled

What about canceling all debts (credit card, mortgage etc) of any person who loses their job in this economy? Make it law and make it applicable for all people who lost their jobs since September of this year and keep the measure until the recession is officially announced over. Pink slip for debt cancellation. Instead of bailing out companies and banks who may not survive anyway as millions of people lose their jobs, use the money to bring real relief to the people who need it the most.

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How the gov can help with student debt repayment

Not all graduates whose education costs $30,000 or more a year will land high-paying jobs and fully repay the student loans fast and get out of debt. I see two ways of creating a system of debt-free graduates. The government fully repays the loan upon graduation if the starting salary is below a certain range and adjusts income tax a little higher for the individual in that income bracket. Or the government doesn't repay the loan but doesn't collect taxes either until the loan is fully repaid.

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Karl Marx

Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalized, and the State will have to take the road which will eventually lead to communism

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Obama's policies. The Way to Hell.

Mirek Topolanek, the prime minister of the Czech Republic and head of the EU presidency described Obama's bailouts and fiscal policies as the "Way to Hell". This is unusually harsh language that European politicians never used even when Bush was president despite the fact that negative/angry feelings were running very high back then and despite the fact that European politicians, on the whole, were completely opposed to Bush's policies in Iraq and his handling of foreign affairs. Why such language now for Obama?

Are Europeans feeling less fear to speak out their minds than before? Is it because they feel the US has declined and weakened in their eyes that emboldens them to speak up more freely?

Or is it a sign of fear and panic as the credit tsunami is expected to hit Europe's shores harder this year?

I think it's probably more a sign of European panic and fear than a feeling of relative European strength or self-confidence from perceived weakness of US power. Most of the foreign debt of the US is held by the Chinese and the Japanese, so in my mind if anyone should be excused for using such tone it should be them. Yet the language in the statements by Asian officials is measured and less emotional.

In addition, Obama's critics here in the US accuse him of trying to turn the country into some kind of European-style social democracy with his policies, those on the extreme accuse him of wanting to implant outright socialism. In view of that, it seems odd to me that Obama receives the kind of criticism he receives from Europe.

What is it exactly that the Europeans fear? Do they feel helpless to handle the crisis?

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