[TheRealThing]

"To counter the severe slump in European sales, Marchionne is considering building Chrysler models in Italy, including Jeeps, for export to North America. The Italian government is evaluating tax rebates on export goods to help Fiat. Marchionne may announce details of his plan as soon as Oct. 30, the people said."


Riots in the Euro Zone have become the rule rather than the exception. Every Euro Zone nation is in fiscal distress except Germany. Across the European Union the unemployment rate is over 12% and 18 million are looking for work. College grads and those under age 25 are suffering the most. The riots will become worse as conditions worsen.

It struck me that the entire Euro Zone has 18 million laid off or out of work, while the US has at least 23 million idle and some say 25 million is much closer to the true number. Two things---First, again we Americans find ourselves in a position of being lied to by the administration, how many folks are really out of work and what is the real unemployment rate? Second, does anybody really believe that we are on the right path, with 25 million out of work? That's 8 million more than the whole of the European Union! Obama has promised to double down on his first term policies. There are FEWER folks working right now than when O took office. How big a pill can the wide-eyed really swallow?