European Tells America – Save Yourselves….Stop Becoming European

Flopping Aces ^ | 09-03-10 | Curt

[Starman417]

You know it's bad when a European gets America more than Obama does. Thomas Straubhaar describes, in the German paper Der Spiegel, just how bad the economy is in the United States with the high short-term and long-term unemployment and heavily indebted state and city governments.

How do we fix it?

Thomas writes it's not the European way that will fix things but the same way we became a great and powerful country.

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.

~~~

A firm belief in the individual's ability, ideas, courage, will and a reliance on one's own resources brought the US to the top. The American dream promised everyone the chance of upward mobility -- literally from rags to riches, from minimum wage to millionaire. The individual's pursuit of happiness was seen as the crucial foundation for the well-being of society, rather than the benevolent state which cares for its subjects -- and certainly not the welfare state, which provides a social safety net for its citizens. In the American system, every man was responsible for himself -- in good times and bad. No one could count on government assistance, not even the wannabe millionaire who did not make it and ended up homeless.

For many US citizens, the financial crisis has turned the American dream into a nightmare. Millions of Americans are struggling with high levels of debt, and not only because they bought overpriced houses during the housing boom and can no longer afford their mortgages. Often families are burdened with loans they took out during better times for cars, furniture, electronic gadgets or university tuition. Uncertainty and worries about the future are keeping many families awake at night.

He further writes that the proposed new attempts to stimulate the economy by Bernanke would be a disaster:

[Cacique]

btt

[jongaltsr]

I concur completely.
I have had Germans, Swedes, Greeks (especially Greeks) Turks and even Saudis say they love the American Self Confidence and attitude about what we expect from others.

[Rummenigge]

Much more then the american “self confidence” I like the american way of getting stuff started.

I got sick many times about a ‘self confident’ - “You will love it - this is the USA” from american engineers farting, dunking donuts and screwing stuff up - but was impressed by the quiet folks at work - using the word ‘sir’ a lot - beeing manager for something but still able to hold a spanner - bringing ideas into solutions without false tabu.

The USA is a paradise for inventors, entrepreneurs and nonconformists people to tall to fit into uniforms or suits.

That’s the things I admire.

[Yardstick]

...“You will love it - this is the USA” from american engineers farting, dunking donuts and screwing stuff up...

This is something you saw in a cartoon?