There is scant doubt America’s economic situation is not moving rapidly into high gear,but there is also evidence the United States is headed the opposite direction from that of Europe. The eurozone has double-dipped back into the second recession in three years and most economists predict things will not be better in the new year. Output across the 17 member bloc fell by 0.3% over the third quarter which was not too far different from the second quarter of 0.2 percent.
European nations adopted the idea advocated by Mitt Romney to cut, to reduce, to cut and cut. Austerity has been the slogan and goals of European leaders–just what the Mitt man urged. There is no stimulus and the result is more pain, more poverty, more economic stagnation.
Me, I’m for the black dude.