Here in the US, the powers that be have tried everything else, to no avail. I mean, they have lowered interest rates to ZERO, they have redistributed wealth in the form of "stimulus" to the economy, tax rebates. None of it has worked.
Could I be so bold as to suggest that the problem is that the people in charge in Washington have NO business experience or knowledge, and have antipathy towards those who do. They detest independent, entrepreneurial activity because it is so antithetical to their notions of a government modulated economy.
How bad will it have to get here before the voters revolt? Hopefully, 2010!
Perhaps I should be looking at some German firms to invest in.
There is a better article about this on Bloomberg.com, but was blocked from posting here.
The ‘conservatives’ that won in many European countries are focusing mostly on fiscal issues. Most of them do not run on social issues such as against gay marriage, abortion, etc. Do American conservative want to go through that path? Would a strict fiscal conservative, but happens to be openly gay although doesn’t campaign for gay marriage, get elected as a conservative here?
Loved all the articles just before the election casting doubt on whether she could win a new coalition.
And of course the media won’t really tell the sheeple that Germany is moving even further from the Obama fold.
Obama is largely out of step with the world he constantly appeals to.