US Economic Myths Bite the Dust


	US Economic Myths Bite the Dust

tabsey

8-16-2009 8:45 AM

141 views

tags:

business, and, politicians

tabsey says:

Relevant to Australia too. More at the source.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/67fc7b66-661d-42dd-9e00-416365199a20/C57A05A5-96D8-4074-BA40-5AD1604E7E2F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.truthout.org/081409K" href="http://www.truthout.org/081409K" style="font-size: 11px;">www.truthout.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.truthout.org/081409K"><B>America is not the internationally competitive land of small 
  businesses that politicians love to tout.</B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.truthout.org/081409K"><P>    The Great Recession is allowing some widely held beliefs about the US economy<HTTP: useconomy="" business="" www.guardian.co.uk=""> 
  – which were the source of much evangelism over the last few decades – 
  to run up against a reality check. This is to be expected, since the <A target="_blank" href="http://www.guardian.co.uk/world/usa">United 
  States</A> has been the epicentre of 
  the storm of policy blunders that caused the world recession.</HTTP:></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.truthout.org/081409K"><P>    This month my CEPR colleagues John Schmitt and Nathan Lane showed that the 
  United States is not the nation of small <A target="_blank" href="http://www.cepr.net/documents/publications/small-business-2009-08.pdf">businesses</A> 
  that it is regularly dressed up to be for electoral campaign speeches and editorials. 
  If we look at what percentage of our overall labour force is self-employed, 
  or what percentage of manufacturing workers or high-tech workers are employed 
  in small businesses – well, the US ranks at or near the bottom among high-income 
  countries.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.truthout.org/081409K">A number of other alleged advantages of America's "economic dynamism" 
  are also mythical.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C57A05A5-96D8-4074-BA40-5AD1604E7E2F/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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