Loan Appetite in Emerging World Is Strong - WSJ.com

IS THE US TRYING ALL THE WRONG SOLUTIONS?: Loan Appetite in Emerging World Is Strong - WSJ.com

There was an interesting book from the late 1960's or early 70's that talked about how hard it is for leading economies to stay in the lead and easy for emerging economies to catch up.

Someone from China must have read that book and a number of people in the US must have failed to read it (or forgotten about it).

There are lots of lamentations in the press and by comment leavers to the WSJ that bemoan all of the fall in wages, serious unemployment issues, etc. - but, there is a distinct lack of realization that the US (and those workers whom the educational establishment and unions have failed to provide the training and opportunities necessary - but that's another issue) consumes an absolutely disproportionate share of the world's resources.

Now that competition for those resources has been heating up, Americans should be helped to realize that economic growth is needed and it is difficult and expensive.

Instead, Bernanke seems to be acting like the person flooding their car with gas when it won't get started - and, we all know that doesn't really work.

Likewise, US immigration policies are cutting off the life-blood of future growth and instead sending all those entrepreneurial, highly-trained foreigners back home to create more-and-more competition for the American economy.

As for entitlements, the Democrats clearly think (along with the unions) that taking from one part of the economy (either through taxes or borrowing), that there is no impact or counter-pressure on the economy. To even believe this where the evidence in the US is so clear that these policies have disastrous longer-term results is 'the blind leading the blind'.

And, to put the icing on the cake, there was the press conference yesterday where reporters seemed concerned that the US Seal Team might have killed an 'unarmed' Bin Laden. Like, he was a criminal and his guilt was certainly not questionable. And, why should footsoldiers have the right to be killed but the government have decided it is wrong to knock off top management? Could this be an rather too obvious disingenuousness on the part of political leaders?