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Title: "America's European disease" Post by: WhiskeyGirl on September 02, 2010, 05:01:26 AM Quote The U.S. economy is abysmal: The unemployment figures explode, the citizens recognized the fear of social decline. Government and central bank artificially stimulate the economy now. A risky change of course says the economist Thomas Straubhaar. He advocates the traditional American way. Quote ...On the contrary: Driven by his own conviction, and advised by government economists believing, Obama has taken a path that leads away from what America had in the past century catapulted to the top of the world. Quote Really should help against a return to the American Way, which the U.S. has made in the past so strong. How successful was this model, a brief glance at the history: in 1820, the population in the UK was twice as high as in the U.S., the economic performance (measured by gross domestic product) was three times higher and the average standard of living (measured by GDP per capita ) quarter was higher. Today, almost five times more people in the U.S. than in Britain, the U.S. capacity is about seven times higher than the British and the average American, it is material, about 50 percent better than the British. So what to do? It would be wiser to repair the elevator, allowing the ascent from the bottom to the top, instead of trying to build a new Europe on American soil. Either follow the U.S. provoked by the common past, economic success and steady progress marked American Way, or the United States with an essentially alien way only European economic and then social tensions. If the reverse, there is hope. Otherwise, the American era is indeed over. read more here - http://translate.googleusercontent.com/translate_c?hl=en&sl=de&tl=en&u=http://www.spiegel.de/wirtschaft/soziales/0,1518,714521,00.html&rurl=translate.google.com&usg=ALkJrhj5uGtS93LpbzhdEMc30ZGwGM--JQ (http://translate.googleusercontent.com/translate_c?hl=en&sl=de&tl=en&u=http://www.spiegel.de/wirtschaft/soziales/0,1518,714521,00.html&rurl=translate.google.com&usg=ALkJrhj5uGtS93LpbzhdEMc30ZGwGM--JQ) |