DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Obama schooled by a German on how to grow an economy

**viagra-kaufen** · 06-24-2010, 10:33 AM

This is what it's come to, folks. The (former) engine of Capitalism---the USA---is being schooled by Europeans on how to run a free economy.

http://www.bloomberg.com/news/2010-0...on-growth.html

If anything he was trying to school her on how to grow her economy, don't you think?
What the article doesn't state is that the German government is constitutionally obliged to cut the budget deficit.
That being said, having a large foreign trade deficit doesn't work for every country, as it is hardly a universal remedy for every budget deficit problem...
What ~might work for US, doesn't necessarily be adequate for countries with a completely different economic structure, polity, involvement in trade bloc regimes, etc.
And in the long run outstanding debts need to be paid, which doesn't exactly get easier if your annual debt service spins out of control...
#justsayin'

06-24-2010, 10:33 AM	#2
viagra-kaufen Join Date Oct 2005 Posts 415 Senior Member	This is what it's come to, folks. The (former) engine of Capitalism---the USA---is being schooled by Europeans on how to run a free economy. http://www.bloomberg.com/news/2010-0...on-growth.html If anything he was trying to school her on how to grow her economy, don't you think? What the article doesn't state is that the German government is constitutionally obliged to cut the budget deficit. That being said, having a large foreign trade deficit doesn't work for every country, as it is hardly a universal remedy for every budget deficit problem... What ~might work for US, doesn't necessarily be adequate for countries with a completely different economic structure, polity, involvement in trade bloc regimes, etc. And in the long run outstanding debts need to be paid, which doesn't exactly get easier if your annual debt service spins out of control... #justsayin'
	Quote