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To: Elroy Jetson who wrote (47925)3/29/2009 3:02:33 PM
From: elmatador  Read Replies (1) | Respond to of 218167
 
The American product is not being bought anymore. Ideals. Free market, freedom, people bought this for a half a century. No one is buying that any longer.

That I have been saying ehre for a while; Now is official:

“There is a direct challenge under way to the paradigms that America has been trying to sell to the rest of the world,” said Eswar S. Prasad, a former China division chief at the International Monetary Fund. The American banking collapse, which precipitated the global meltdown, has led to a fundamental rethinking of the American way as a model for the rest of the world.