Friday 15 October 2010

The Bad Example of American Economic Policies

America needs to make a more determined effort to control the excessive spending within it's borders and the stupid run away from saving and prudence. More money did not pave the way for success in Viet Nam and it won't pave the way for those suffering at the hand of excess and misguided economic policies.

For many decades US economist have preached restraint and paying ones way, but when the crunch came to follow that policy themselves they have entered the world of the 1930's with beggar thy neighbour policies and arguing about what other countries are doing because America has caused yet another economic crisis and looked the other way. How many economic crises do the lax procedures of US economics need to spawn.

The bitter exchanges with China should warn us all of a very harsh solution to the present economic crisis which is compounding into the major calamity it once promised to be because America is sucking away all the resources of others in order to save it's own skin. Does it not see where these policies will lead?

Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.

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