The American Way Of Life Could Be Challenged:


The American Way Of Life Could Be Challenged

No less to help finance the U.S. budget deficit, the U.S. central bank. The Fed has been U.S. government bonds amounting to some 1.1 billion dollars purchased. In its dual mandate that establishes the emphasis on the promotion of U.S. economy and the labor market. Price stability in exchange of secondary importance. The Fed has lavished liquidity in the U.S. with the intention of stimulating the U.S. economy. But the problem is not lack of liquidity, including a credit crunch, but suffers a structural deficit. These relate mainly to the erosion of U.S. industry and a loss of industrial competitiveness.

US markets

The consequences of cheap money policy after the terrorist attacks of September 11, 2001 by the beginning of the recent financial crisis was leading to new blisters especially in commodity markets in emerging countries, an increase inflation and even the threat of competitive devaluation in the international monetary system.

All this means that the U.S. must make a fundamental change in its economic and financial policy. So, as Europeans face a challenge no less. You should do this for their own sake and love of world economic stability. This requires a reorganization strategy to move painful not to improve the revenue base through tax increases or spending cuts. If an issue of social programs have to be demolished, then the first thing is defense and the military budget for testing. The extension of tax benefits for workers in high from the time of President Bush Jr., which does not create any additional stimulus to the economy, otherwise the price is too high a consensus with the Republicans. No less frustrating is expected until the proposals of the President of the Commission on Obama together to reduce the state deficit were not included in budget planning. A trade balance more or less balanced in the United States requires, finally, that the industrial sector – is revived – even compared to the bloated financial sector. In turn, requires conclusions so far in the education system.

All this appears in the charged atmosphere between the two old parties large, in view of the campaign for the forthcoming presidential elections under the pressure of a tea party movement, which also reflects the fears of white middle class and a loss of unique – at least not based on military force – the status of great power in the U.S. is like a mission to Titan. A step further thought put behind rehabilitation is needed maybe a challenge to the American way of life – to cope with environmental goods. But the economic, financial flows and self-interest as the cultivation of self-awareness of emerging countries will not be considered. And omissions have consequences and brought great powers have a case. On the other hand, there are numerous examples, ahead of the Europeans, the Americans often had a quality, a belief in themselves and the ability to break new ground.

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