“And when the quality of the political elite is as low as it is in Italy, or in Greece, it is difficult to create the structural conditions for growth.”
http://www.nytimes.com/2012/06/12/business/global/monti-struggles-to-keep-italy-from-being-the-next-domino-to-fall.html?pagewanted=1&_r=1&hp I worry that this might be the case in the US as well. Not in the economic sense per say, but in that we lack politicans with enough backbone to make tough decisions across the board on big issues. Social Security, financial regulation, tax code, defense, gay marriage, medicare/medicade; do we have the guts and will to do what needs to be done? To address these issues in a modern way and not continue the same fights that has left our parents' generation in political gridlock.
The Atlantic had an interesting article today about the idea that millenials are not shoe-ins to be democrats.
http://www.theatlantic.com/politics/archive/2012/06/why-the-millennials-arent-a-slam-dunk-for-the-democratic-party/258465/ Reflection is important.
I'm back.