In the News (from Reuters, my comments are in brackets): “U.S. President Barack Obama said on Monday the debt crisis in Europe was ‘scaring the world’ and that leaders in the euro zone were not dealing with the issue quickly enough.
“The recovery of the U.S. economy suffered setbacks this year due to problems around the world, Obama said [it is not our fault, meaning not mine!], including the Arab Spring uprisings [and who provoked them or at least allowed them to happen?] that drove up energy prices and worries about the financial health of European nations [and whom does it benefit?]
“’They have not fully healed from the crisis back in 2007 and never fully dealt with all the challenges that their banking system faced. It is now being compounded with what is happening in Greece,’ Obama said…
“The Democratic president, who pushed through an $800 billion economic stimulus plan in 2009, has set out a new $447 billion plan to create jobs and cut taxes for small businesses but has faced fresh opposition from Republicans.” [The unemployment rate in the United States is 9.1 percent, but it is not going to be better: Everything is heading to the employment to the extent it’s necessary!]