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from The Economist : Unhappy America

The Economist is a London based publication which started in 1843. My relative in Germany sent me this article this morning. Yes, the beginning of it (which I have posted below) starts out rather depressingly, but it does acquire a lighter heart as it goes on. I found some of the ideas presented here as valuable insights worthy of posting here for your consideration.

If America can learn from its problems, instead of blaming others, it will come back stronger

NATIONS, like people, occasionally get the blues; and right now the United States, normally the world?s most self-confident place, is glum. Eight out of ten Americans think their country is heading in the wrong direction

One source of angst is the sorry state of American capitalism (see article). The ?Washington consensus? told the world that open markets and deregulation would solve its problems. Yet American house prices are falling faster than during the Depression, petrol is more expensive than in the 1970s, banks are collapsing, the euro is kicking sand in the dollar?s face, credit is scarce, recession and inflation both threaten the economy, consumer confidence is an oxymoron and Belgians have just bought Budweiser, ?America?s beer?.

The article has much to say, in a fairly concise and succinct read. Part of it's positive spin is that it goes on to say...

"America has got into funks before now. In the 1950s it went into a Sputnik-driven spin about Soviet power; in the 1970s there was Watergate, Vietnam and the oil shocks; in the late 1980s Japan seemed to be buying up America. Each time, the United States rebounded, because the country is good at fixing itself. Just as American capitalism allows companies to die, and to be created, quickly, so its political system reacts fast. In Europe, political leaders emerge slowly, through party hierarchies; in America, the primaries permit inspirational unknowns to burst into the public consciousness from nowhere."

Considering the rise of European wealth and the growing influence of the EU, I think it is enlightening that they (well, at least some of them) still seem to look to us to be positive leaders in the world.

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You are obviously unhappy along with your liberal brethren,

In reply to: from The Economist : Unhappy America

but I think America outside the beltway is not particularly unhappy at all. It is hilarious to observe people who think that Americans are looking to Europe for anything let alone an analysis of our view of the world.

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It is so interesting that you are addressing the...

In reply to: You are obviously unhappy along with your liberal brethren,

... poster here, and that the fact that I posted it colors your view of what this article had to say. My relative in Germany who sent this ? He is a hard core conservative who voted for Bush and every other Republican candidate for the past 20 years.

Here is what my relative's take was on the opinions expressed by the article...

"I think this article goes a long way to putting in words what each of us know by heart: That it is not who is elected in November that will change the course of America?s fortunes but rather the strength of the will of her people that will secure our role as the hope of a weary world."

I am reminded of the time a few months ago, where you and I posted the same quote and the same viewpoint... and yet you spent the rest of the afternoon telling me how wrong I was. Really KP, you need to start at least comprehending what I post about, before you start railing against it.

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What I said went over your head again didn't

In reply to: It is so interesting that you are addressing the...


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(NT) What you say bores me to tears.

In reply to: What I said went over your head again didn't

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Pardon me.

I'm just keeping track re: who starts in on whom first. Will catch all that I see..

I'll be fair.

Sorry for the interruption.

Speakeasy Moderator

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Good job KP !!!

In reply to: You are obviously unhappy along with your liberal brethren,

You're on the "List" !!!!!

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Eight out of ten Americans think their country is heading in

In reply to: from The Economist : Unhappy America

the wrong direction

Hmmm. Well, seeing who is in the Congress and who is in the lead for the Presidency, I might tend to agree.

But actually I think it's a bunch of codswallop.
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The Economist is available in the US

In reply to: from The Economist : Unhappy America

by subscription and on bigger news stands. I can recommend it because it is firmly in the capitalist camp, so its biases are on its sleeve; no hidden agenda. Covers a lot more than economics.

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(NT) Maybe the 7 headed monster is returning.

In reply to: from The Economist : Unhappy America

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