ę Obese Chick Enjoying Thanksgiving Turkey | Main | Awesome Traffic Stop Ľ
November 23, 2007

The Sky Isnít Falling! The Sky Isnít Falling!

Sometimes it helps to get an outsiderís opinion to get a more accurate picture of yourself. Of course, it helps to have an informed and well intentioned person doing the viewing. Too often when it comes to the US, the people doing the critiquing canít get past their own biases and only see Ďtortureí and doom for this country.

Gerard Baker, the US Editor for the Times of London takes stock of America on this Thanksgiving weekend and says the reports of our demise are greatly exaggerated.

The pundits have finally run out of bad news to report from Iraq, where, unmolested by the morbid fascination of misery-seeking reporters, the locals actually seem to be belatedly enjoying the first fruits of their liberation. So attention has turned again, as it has tended to do from time to time these past 50 years, to the inevitable collapse of the American economy.

ÖFor the historically short-sighted, let's remember we have been here before. Between 1985 and 1995, the dollar declined by 43 per cent against the world's big currencies ó somewhat more than it has in the past six years. That period was also marked by dire proclamations of the end of US economic power. But it turned out that in those years the foundations were laid for the strongest period of US economic growth in the past 35 years.

ÖIf you're still sceptical, ask yourself this: is it probable that the shift in the relative value of the dollar and the euro represents a bet by the world's investors that Europe ó strike-torn, productivity-challenged, demographically doomed Europe ó is the world's economic future, rather than the US, or, let's say, China?

From here Baker takes on the charges that public and private debt are going to sink us (theyíre not) and that Americans donít save much compared to the rest of the world (we donít but why would we when that money can generate so much wealth in other ways?).

Itís nice to see someone who is both a foreigner and journalist so bullish on the US. Outside of Mark Steyn, those two cohorts arenít exactly known for their balance, yet alone, pro-American sympathies.

A smart Republican candidate for President or two may want to take a look at this column and start incorporating some of Bakerís points and tone into their talking points.


digg this
posted by DrewM. at 02:41 PM

| Access Comments




Recent Comments
Your Decidedly Devious Uncle Palpatine, Booking Agent, Aero Pinochet: "Dear Santa - This year, I've been very good, for s ..."

Bear with Assymetrical Balls: "I still have my Charlie Brown Christmas LP from wh ..."

Miklos, not from Fusion anything: "Oh Lord. Now Palp has another fundraising oppor ..."

Cicero (@cicero): "We have all these eucalyptus trees in CA through t ..."

JAS: "OK shitheads. Here is the story of eucalyptus in ..."

no good deed : "I like the "they say" it translates to Caucasian. ..."

logprof: "Wow, a Herman Cain sighting. ..."

Northernlurker : "Stop with the mariaci music. ..."

ALH: "The news showed film of the California wild fires. ..."

Blanco Basura - It's OK, I'm with the banned: "[i]Middlin'. How are you?[/i]Sick, but better the ..."

Cicero (@cicero): "Is this the ONT? Like Shep Smith's sexuality, the ..."

logprof: "Mark Knopfler himself has self edited that song. S ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64