Wednesday on Your World with Neil Cavuto, Member of the European Parliament, Daniel Hannan, was on to talk about America’s election Tuesday and how economic indications can and must effect Western industrialized nations everywhere.

Austerity is the way Europeans are going, and Hannan says he is encouraged by the latest American election results. He said, and I agree, that all Western countries must focus on economic recovery, but not by spending money we don’t have.