Western countries face poor economy.

The economic tinkerers of the developed world have met in Davos. Much wringing of hands and flapping of jaws. No one has the courage to name the roots of the problem: 1. too much debt to finance what the politicians have promised and 2. two many things that politicians have promised. One person (Guria) is quoted who admits: "This incipient, hesitant recovery needs to be consolidated. We ran out of room on the monetary side, we've run out of room on the fiscal policy side, so what you need is to go structural. " "You need to go for education, for innovation, for more competition, for tax structures that are conducive to investments and job creation, you need to go for flexibility in the labor markets, for flexibility in the product markets," he said. "These are the things that are going to keep you going long term." In other words - get rid of Social Democracy and have a freer market. Unfortunately, England is now ready to slip into a 'threepeat' a third recession. Back in the US, the propaganda machine of the Obama communists is getting in gear to: 1. tell us how well off we are and 2. whose fault it is that we aren't. We are starting to see articles by the likes of Dr Stieglitz that employment is going to be hard hit by the use of intelligent machines. In other words, employment is poor, because of future use of intelligent machines. Nice try.