Thomas Straubhaar (Der Spiegel)–America Has Become Too European

The Obama administration and the Federal Reserve want to fix the United States economy by spending more money. But while that approach might work for Europe, it is risky for the US. The nation would be better off embracing traditional American values like self-reliance and small government.

There’s no question about it: The 20th century was America’s era. The United States rose rapidly from virtually nothing to become the most politically powerful and economically strongest country in the world. But the financial crisis and subsequent recession have now raised doubts about its future. Are we currently witnessing the beginning of the end of the American era?

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Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Economy, Europe, Federal Reserve, Germany, Office of the President, Politics in General, President Barack Obama, The 2009 Obama Administration Bank Bailout Plan, The 2009 Obama Administration Housing Amelioration Plan, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The Fiscal Stimulus Package of 2009, The Possibility of a Bailout for the U.S. Auto Industry, The U.S. Government, Treasury Secretary Timothy Geithner

2 comments on “Thomas Straubhaar (Der Spiegel)–America Has Become Too European

  1. Br. Michael says:

    It’s time for a new Constitutional Convention.

  2. Capt. Father Warren says:

    Or, it’s time to pare the Federal Govt back to those powers and responsibilities delegated to it by the current Constitution. How do we do that? No easy path, but a Constitutional Convention would not be easy either. Would not the same self-serving forces that have corrupted the current Govt not also work to corrupt a well meaning convention?