USA still has strong fundamentals Is it true? yes they have it.They can beat e

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   pramodgokhaleposted 10 years ago

   USA still has strong fundamentals  Is it  true? yes they have it.They can beat economic crisis.
   
   There are claims and counter claims on economic crisis of America.Every year when Nobel award community declares awards to scientists for fundamental research, I found many of them are Americans or at least one every year.Universities are well equipped and projects and concepts ahead of time are getting implemented.Marketing of research related products is another strong point.
   Peace keepers often blamed Arms industry of America that it's over expansion is the cause of economic crisis.
   Obama said Us.cannot go down to No.2, It think there is no ego and sentiments but national pride and spirit

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   conradofontanillaposted 10 years ago

   Politics and economics are malleable. You can have political theories built on maxims and deductions from maxims,. Same way with economics. However, economics is not all science. It is science and art. it goes without saying that the powers that be in economics know the rules and can bend the rules or go around them according to their agenda. If there is one company they dislike they can raise the interest rate and wipe out that company. Or they can create a depression.
   That is not the case with physical laws. If you don't apply Einstein's general theory of relativity and you are out in space, you can be marooned there forever.

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   vrdmposted 10 years ago

   The problem resides with the underlying economic model and the criteria used to assess it.

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      My Esotericposted 10 years agoin reply to this

      Both @conrad and @vrdm are correct.  I would add the political climate also plays a large role.  I cannot see getting out of the crisis, once and for all, without Congress going back to what it used to do prior to 1996 ... compromise; true compromise

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   tsadjatkoposted 10 years ago

   
   
   The only problem with the US is LIARS. Everywhere you look, Obamacare, http://thefrogprince.hubpages.com/hub/A … -12336258, the IRS, Benghazi, well frankly anything to do with this administration ! http://nypost.com/2013/11/18/census-fak … bs-report/
   So how do you get rid of liars - the only way is to reduce the size of government- at least we'd have fewer liars that way and less for them to lie about! 
   We now have the two greatest examples of the failure of big government in history - Ovomitcare and ...
   The IRS scandal, a tax system that is totally unequal creating opportunity for it to be used for political persecution and manipulations of all kinds. And what do you hear about it? Are the Republicans out there in the media driving home the message that this system, the government doesn't work, is too big to be effective? The proof is staring everyone in the face, yet the only fixes our elected officials can come up with is more government? This is insane!
   Every day reveals more lies and liars and it will only get worse as "phony" scandals eventually become the straws of reality that break the camel's back.
   Liar Liar, the country's on fire. Thank you LIAR In Chief Barachio Ovomit. http://obamalies.net/list-of-lies

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