The US Economic “Recovery”

Posted by on Aug 20, 2010

I’m not someone who thinks that the US economy isn’t recovering. It is, but slowly and it will be a while before Main Street really sees it.

In saying that, I’m just back from Europe and I was feeling general astonishment there that the US deficit is sitting at an untamed 10% of GDP and there seems to be no immediate signs to tackle it.

In austere Germany, where deficit reduction is most definitely a focus, the economy has recorded its best quarterly surge in decades.

Possibly worth considering, Mr President…