You know, when I passed the Duty free shops, I saw Toblerone choclate, three large triangular bars for £10. In London, they are always available cheaper, buy as little or as many.
I note someone from France checking on my blog re the micro and macro chocolate. You know what I mean.
President Obama I believe is correct in arguing that jobs need to be created - that is the only way an economy can grow. It is pointless to have able people sitting around in frustration or despair unable to find work; the entitlement benefits (what are called social security payments in Europe) probably end up costing just the same or more, so why not jobs instead. Jobs would add to the Recovery picture. Money is the cash flow that enables it. At this juncture, the U.S. is looking at the prospect of the Debt Ceiling. In the absence of positive agreements on this issue, the government will probably see shut-downs in some departments. This is reality and not scare-mongering. The spectacle of children from poor households not going to school or being sent back home because there is no provision for them is a stark and early indication.
The Budget Deficit needs to be reduced, for the longer term, but the sequestration measures seem almost like the austerity measures in Europe which have slowed things down and brought the European nations close to a double dip. The U.S. Treasury Secretary Tim Geithner was advocating policies to side-step a recession, so I feel sure the obvious pointers will not be ignored by the largest industrialised democracy that is America the beautiful.
Perhaps they need to reduce the spending by 2.3 percent, as House Leader Mitch McConnell maintains. In that case, perhaps the cuts can be made at the top level, by reducing salaries at the top and giving those folks a little bit more leisure time. That would be fair. A little reduction on each won't hurt; but people at the bottom must have their living standards maintained.
I hope the leaders in the U.S. will agree on something that will renew hope and inspire people the world over. In Europe, the ECB chairman Mario Draghi was echoing Mr Bernanke in saying the quantitative easing measures would be maintained to enalbe Recovery to continue. I pray this is true.