ThornThornBirdsEver been to Europe? Even in their best
economy, most Americans would not trade it for our recessions. What with very
high taxes, government providing too many entitlements, and 6 weeks vacation
mandatory, the low productivity of Europe compared to the U.S. makes their lives
much less than we have. And I really doubt anybody said there would be no
recovery anywhere. Where it is lagging frankly is right here in the U.S. Obama
is the one who could likely leave office after 8 years with no recovery to show
for his policies.
Please be sure no Republicans read this article. May cause heartburn for many of
them.The nation has been told by Republicans that no recovery would occur
anywhere in the world.
And the truest test for their gov't again comes around. Will they rein in
spending during a period of relative growth??? Or will they continue to be
irresponsible stewards with their money and continue borrowing like crazy, only
to be in worse shape during their next economic downturn? Or worse yet, until
the loaning countries finally decide to not trust them.