Friday, September 03, 2010

Obama's Misguided Approach: America Has Become Too European - SPIEGEL ONLINE - News - International

Very interesting:

Obama's Misguided Approach: America Has Become Too European - SPIEGEL ONLINE - News - International: "Is the US economy perhaps suffering less from an economic downturn and more from a serious structural problem? It seems plausible that the American economy has lost its belief in American principles. People no longer have confidence in the self-healing forces of the private sector, and the reliance on self-help and self-regulation to solve problems no longer exists.

The opposite strategy, one that seeks to treat the American patient with more government, is risky -- because it does not fit in with America's image of itself."

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