Democrats and Republicans have picked their representives to the bipartisan debt committee. The unpopular US congress will have to find a way to show to the American people that they are ready to work together to solve America’s debt problem. The debt ceiling debate is a national embarassment, especially for a country that is so [...]

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Americans whine about their politicians, but they have to remember that the politicians are elected by the people, not by God. The debt ceiling debate has shown the weakness of American democracy, the same model that ex-president Bush wanted to export to the world. America is not governable with only two political parties. A budget [...]

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If there is someone who has not been sleeping well the last two years, it is President Obama. The latest unemployment report for the month of June is not good. For sure, this is a nightmare for President Obama and the Democrats. If things do not improve by the next presidential election, President Obama will [...]

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Watching the debt ceiling negotiations between the Democrats and Republicans in Washington is agony. The lack of compromise between both parties is a reflection of the decline of the US. The fall of the giant super power is especially obvious while many countries around the world are rising. Imagine if the US government is forced [...]

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President Obama’s approval rate went down from 55% to 50% according to the latest CNN polls. The president is losing the support of independent voters and low income men. Slowly but surely, hope is transforming to disillusionment. While we all agree that the economy is hitting him badly, the president seems surprised by the reality of the presidency, shocked by the [...]

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The protests in the Arab world have certainly inspired the people of Wisconsin. The dispute over a controversial budget bill that will affect teachers and public employees has brought thousands of people in the street to protest. American politics is so polarized that the politicians aren’t working together. The Democrats have chosen to hide instead of participating [...]

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The IMF (International Monetary Fund) has called for a dollar alternative as the world’s reserve currency. That move symbolizes the decline of US power and influence in the world. Like an old lion, the US scares with its name, not by its power, anymore. The rising of China scares many in the US. But the truth [...]

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From November 5 to December 24, retail sales in the US have risen to $584 billion. That means that Americans are spending despite this period of high unemployement and tough economic times. Where is the money coming from? For sure, this is a culture of credit cards, therefore the culture of spending more than what they have. It [...]

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The climate at the G20 meeting in South Korea is one of division and finger pointing. It is seen as a war of currencies. China has been accused by the US and Europe as a manipulator of its currency, boosting its exports. Pressure on Beijing did not work. Finally, last week, the Feds decided to pump $600 [...]

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Sarah Palin is attacking everything to get attention. This week she has been giving economics lessons to the US Federal Reserve. The Federal Reserve made a decision to buy $600 billion in long term U.S. Treasury bonds as an extraordinary measure to help the U.S. economy. Palin’s main concern is the fear of potential inflation. As [...]

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