Why is it the Japanese can have five profitable auto companies? They must be doing something right.
Not all the ‘mistakes’. Japan is a producer/saver, America is a consumer/borrower. So trying to stimulate more consumption in Japan is different than trying to stimulate consumption in an economy that is already almost pure consumption.
Ironically democrats idea of Green jobs talks the language of turning us back into producers, as flawed as it is. The problem with the government produced green jobs is that they are forced on the taxpayer, much like current government jobs.
You want to produce something consumers actually want, not just what some elected politican claims we need.
Stocks (priced in DOLLARS) are rising because dollars (priced in gold, silver, or other tangible goods) are falling. We fail to recognize this because we are accustomed to a relatively stable dollar. We can hope that we will return to it, but don’t count on it!