Emerging Nations Gain in G-20 Deal - WSJ.com

US HURTING ITSELF AND COMPLAINING ABOUT ASIA: Emerging Nations Gain in G-20 Deal - WSJ.com: "- Sent using Google Toolbar"

Barry writes:

...Whilst all the squabbling is going on in the USA on this side of the world there is no recessions, just massive growth, and it will continue with or without the USA it’s that simple.


Right on Barry!

It is disheartening to say the least to see US politicians think they can tell the world how to run itself to suit US interests which are anti-business, anti-work, anti-investment and pro-handouts, pro-laxiness, pro-non-production, etc.

I don't know if you saw that the deputy police chief in San Francisco makes over $500,000 a year with a 50% retirement benefit after working 20 years. How much of this could be plowed back into productive efforts if not taxed from the economy to pay an outrageous salary and benefit package?

And, when they complain about bankers (who don't get any fancy inflation protected pensions) making $300,000 a year and hoot and howl but say nothing about public union officials (except for Bell, CA where the mayor of the small town was making $800,000), one does wonder!

In fact one doesn't, one is just sick and understands why the US economy is standing still. But the politicians and a lot of the public don't realize they are taking too much from producers and savers and giving too much to non-producers and consumers.