Saturday, October 8, 2011
Did Obama Kill the Golden Goose?
The economy is in the tank, the banks have been forced into a corner, and the government is picking winners and losers in many industries. Is it time to ask "Did Obama killed the goose?" If your wondering which goose, it's the one that laid the golden egg; America. Never before in the history of the world has one nation (I suppose some would argue Rome) done so much for the world at a large. In both war and peace America has outshone, outperformed, and outdone every nation past and present. America has created more or bought more of everything there is. You name it and we have either built it or bought it when somebody else made it. America's capitalist economy is the envy of the world because it has made Americans the richest people in the world. In addition to American firms, nearly half the countries in the world rely on American consumption of their goods to maintain their own standard of living. As American's have become less wealthy for whatever the reason (housing crisis, job loss, or reduced income) the world has felt the repercussions. America was the home of the world's biggest consumers, but it has become the country that killed the goose who laid the golden egg. Can we get another?