What "many parts of the world" are you referring to? China?
China will have 10+ GDP growth this year
India will have 8+ GDP growth this year
Pacific Rim will have 8% GDP growth theis year
South America will have 6 to 8% GDP growth this year
Even Germany will have about 8% growth this year
Korea will have 8+% growth
The recession has been over for these places for more than a year now.
Our policies are keeping the USA mired in gook for years to come
USA = 1.2% GDP growth- not even enough to keep from losing more jobs.
When you looks at studies on the best nations to do business in, the US continues to fall behind many of Europe's more socialist economies. When even the Chicoms and the Germans get what makes a succesful economy, why can't Obama?
Thomas Sowell: There are no solutions, just trade-offs.
Given the garbage that he inherited on Day-1, I'd say he's done as well as anyone could do... (I shudder to think what it would be now if Geezer & Gidget had won the election...)
The US has the highest corporate tax rate and the most regulation in the world . European nations are gravitating toward free market principals and their economies are improving because of that.