We are paying a price for the failures of European Socialist Dogma. "It's no longer a theoretical argument that Europe is hampering earnings for American companies," Krosby said. "It's a reality, and you're seeing that today. A rally on Wall Street slows; Priceline tanks | Comcast More US jobs to be lost. Thank you European Socialism! You don't need to be a Rocket Scientist to understand the folly of Obama wanting to follow the same failed Dogma.