The dismal Obama economy has repercussions globally. Until America recovers its rightful place of dominance in the world, the UK will continue to founder. Change is coming in a year when Conservatives led by Newt Gingrich restore free-market capitalism here.
America had dominance in the world. Then greedy corporations thought they can make even more by teaching China and India how to do the jobs Americans used to do and blunt enforcement of immigration laws to bring in cheaper labor to do jobs Americans used to do. Our technology advantage was given away, our manufacturing was given away, and the US who once was the only place to buy the most advance and best is now off shored to every nation in the world. The only thing the US kept is the knowledge how to pump and dump and sell toxic assets to unsuspecting investors, over and over and over. Greed and lack of patriotism is killing America. The one percent scheme and screw the 99 percent. Makes me laugh when the one percent claim they help produce jobs, but in the last several years their schemes killed 11 million jobs. In Shakespeares time it was “kill all lawyers”, in the 21st Century it will be “kill all bankers and politicians”. That is how the 21st Century will begin, don’t know how it would end. That is for my son and grandson’s generation to deal with.
Change will come when Newt Gingrich begins to represent the Conservatives who elected him.
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There are bigger factors than US consumer demand affecting the UK economy, such as problems with its largest trading partner.