12 Jul '11, 6am

Those in TCA mtg, pls read. Commentary: The US can't - or won't - fix its economy?

The US economy is malfunctioning and it is a structural issue. The years before Obama took office is mired in greed and Wall Street prosperity at all costs. Was there a desire to ensure long-term growth through structural and systemic changes that give America better relevance in the new world and better competitiveness? Where was the foresight, the vision? At that time the economic situation allowed the Bush Administration the luxury of time and pace that the Obama Administration does not have: Develop the service sector outside of Wall Street such as tourism, enhance infrastructure, overhaul the education and training systems to prevent structural unemployment, promote research and development etc. Big American business corporations have been growing both top and bottom lines because of their farsightedness to shift or expand their production and marketing activities ove...

Full article: http://www.todayonline.com/World/EDC110712-0000052/The-US...

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