Is American Nationalism - slowly, methodically - becoming quaint? Obsolete? A thing of the past?
The current AIG bailout has shown us that the american economy collapses when "too big to fail" international firms like AIG are allowed to collapse. It's almost as if (economically speaking) there are no national borders anymore when it comes to large corporations and financial institutions.
Is this right?: We are all americans in the U.S., but we are irrevocably now a part of a bigger whole that defies ideology or politics. America IS Europe. Europe and America ARE East Asia. You cannot talk about the health of the american economy without considering the health of the global economy.
What's responsible for dragging the U.S. kicking and screaming into partnership with Europe and Asia and even communistic and authoritarian governements? Is it american Liberalism? Creeping socialism? Radical pot-smoking hippies from the '60's?.... No, no! It's Wal-Mart and Coca-Cola and ExxonMobil and AIG and Pfizer.
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New Headline:
In essay, Obama seeks global economic help
The president's message is printed in 31 publications worldwide
WASHINGTON - President Barack Obama pressed global leaders in a written message Tuesday to take "bold, comprehensive and coordinated" steps against the debilitating recession. Obama set out the U.S. position in advance of next month's meeting of the Group of 20 largest economies in an essay that the White House said was printed in 31 publications worldwide. In it, the president exhorted leaders to join together in reversing the global downturn. "For the first time in a generation, the global economy is contracting and trade is shrinking," Obama wrote.
He said the U.S. government understands that "the American economy is inextricably linked to the global economy. There is no line between action that restores growth within our borders and action that supports it beyond." The Group of 20 major economies meets April 2 in London to discuss the global crisis, and there have been indications that the United States is at odds with some countries in Europe that want to focus more on financial regulation than on vast government spending to stimulate their economies.
The current AIG bailout has shown us that the american economy collapses when "too big to fail" international firms like AIG are allowed to collapse. It's almost as if (economically speaking) there are no national borders anymore when it comes to large corporations and financial institutions.
Is this right?: We are all americans in the U.S., but we are irrevocably now a part of a bigger whole that defies ideology or politics. America IS Europe. Europe and America ARE East Asia. You cannot talk about the health of the american economy without considering the health of the global economy.
What's responsible for dragging the U.S. kicking and screaming into partnership with Europe and Asia and even communistic and authoritarian governements? Is it american Liberalism? Creeping socialism? Radical pot-smoking hippies from the '60's?.... No, no! It's Wal-Mart and Coca-Cola and ExxonMobil and AIG and Pfizer.
--------------------
New Headline:
In essay, Obama seeks global economic help
The president's message is printed in 31 publications worldwide
WASHINGTON - President Barack Obama pressed global leaders in a written message Tuesday to take "bold, comprehensive and coordinated" steps against the debilitating recession. Obama set out the U.S. position in advance of next month's meeting of the Group of 20 largest economies in an essay that the White House said was printed in 31 publications worldwide. In it, the president exhorted leaders to join together in reversing the global downturn. "For the first time in a generation, the global economy is contracting and trade is shrinking," Obama wrote.
He said the U.S. government understands that "the American economy is inextricably linked to the global economy. There is no line between action that restores growth within our borders and action that supports it beyond." The Group of 20 major economies meets April 2 in London to discuss the global crisis, and there have been indications that the United States is at odds with some countries in Europe that want to focus more on financial regulation than on vast government spending to stimulate their economies.