Wednesday, March 02, 2011

JEFFREY SIMPSON - Wake up, Americans. Your economic dream is a nightmare

It's always a bit refreshing - and discouraging - to see America through the eyes of non-Americans. People from other nations can often offer a perspective many of us are unable to assume on our own - these articles can act as a kind of "pointing out instruction" in some readers. Others will have already held these views, while most will simply reject them because they are dissonant with their own perspective on reality.

Our Canadian neighbors may be best positioned to offer insight - they generally face some of the same political issues as we do, but their system is different enough from ours to create friction.

This article comes from The Globe and Mail.

Wake up, Americans. Your economic dream is a nightmare

JEFFREY SIMPSON

Our southern friends are living the American dream these days, a dream that’s removing them from reality. Their federal legislators, including the President, are imagining a brilliant future that cannot be. None of them, it would appear, wants to awaken Americans from this dream.

The dream? Economic recovery followed by the return of prosperity, built on borrowed money. And not just some borrowed money, but trillions and trillions of borrowed money.


1 comment:

Unknown said...

Arg. Jeffry Simpson is an outsider, but he's just one outsider with just his own opinion.

I am more convinced by the economic musings of Krugman and Kristof who tell me that what Obama has done is mostly right, given what was possible with a hostile bunch of thuggish Republicans snapping at his heels.

Our "entitlement" programs are funded; rises in costs will be dealt with; reductions in military spending are coming with the Sec of Defense leading the parade.

Yes, doing something about the New Guilded Age we've entered needs to happen, and the folks in the US of A need to awaken from their Tea-bagger phase to one of defending the Middle Class. Hopefully, that will happen. But the Recovery is on-course. Snap out of it, Canadian; We're doin' OK!