.comment-link {margin-left:.6em;}

Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Tuesday, January 06, 2009

For All the Finger Pointing Americans....

Of course, Americans are sitting around blaming others for their problems like Congress, George Bush or greedy executives. Maybe these whining people should have a look around and realize that the whole world is going through a difficult time and this slowdown in the US is not something that the 'golden calf' in Washington can do anything about. Here is evidence of what is going on in other nations.....
TOKYO -- Japan's domestic auto sales fell last year to their lowest level since the mid-1970s as recession squashed already weak consumer demand during the last few months of the year.

According to data released by the Japan Automobile Dealers' Association on Monday, sales of new cars, trucks and buses slid 6.5% to 3.212 million vehicles last year from 3.434 million in 2007.

That marked the fifth straight year of declines, taking sales to their lowest level since 1974's 3.133 million, officials at the association said.
Governments can do absolutely nothing to solve the problems in the global economy. The market will work out what needs to be done. the only thing that government will do is cause valuable resources to be diverted to less productive purposes.


Post a Comment

Links to this post:

Create a Link

<< Home