As the US economy goes, so goes the world economy is the old adage.  Generally speaking that seems to be holding true.  In the past we seventy plus years we’ve always taken the approach that the private sector has to grow its way out of a recession.  It’s worked every time its been tried but we’ve taken a different approach this time.  We seem to have opted for the approach that general government spending will get us out this recession.  An approach that has never worked.

Another item of concern is that our liberal government no longer seems concerned with the deficit.  When we’re needing to ramp up spending for defense of our country that’s bad for liberals and as such not acceptable.  Many of us can remember the eighties when liberals cried that all this deficit spending on defense was a horrible debt to pass to future generations.  Now we’re deficit spending on social programs, more unemployment benefits, hiring more government bureaucrats, etc, and that’s somehow ok.

We’re seeing unprecedented regulation from the FCC, EPA, FTC, etc.  These things all cost business money, not just big business, but small businesses as well.  Thus causing them to have to lay off workers, or refrain from hiring more workers.  Later this year most Americans are headed for big tax hike because the President and Congress seem determined to let current tax cuts expire.

Now it is rare when we find a European government to contrast this to since most of them are more socialist than ours however Germany has taken an approach that mirrors our previous recession management strategy.  They are cutting taxes, reducing regulation, and cutting the size of government.  As a result of this approach Germany’s unemployment is falling, their economy is expanding faster than the US, all other European countries, and China.

If more countries followed Germanys lead recovery would come faster, if the US followed Germany and our own previous experience we could likely grow our way out of this recession by the next Presidential election.  We won’t mind you, and that is likely why Obama will be discarded in 2012, relegated to scrap heap of worst Presidents next to Jimmy Carter…