With our daily deluge of negative news, it is easy to think America is falling apart. Maybe, it is, but there are some places that are far worse. If you think we have problems, consider the case of Greece:
1. They are still in recession after six long years. We've been a "weak" recovery for four years already.
2. Their GDP has fallen an unbelievable 26%, while we're still growing about 2% a year.
3. Unemployment is a staggering 27%, compared to our rate of "merely" 7.2%
4. Greek wages are 30% less than 2008 levels, including some government workers.
The Greek economy is finally showing some signs of life. They predict some minor growth next year, for the first time in seven years.
Still, there is much pain ahead of them. 23% of the workforce still works for the government, which is insane. Many thousands will have to lose their jobs in that small country, before Greece receives any additional financing.
Can you remember Lee Greenwood's pop classic "I'm Proud to be an American"? He should re-record it as "I'm Thankful to be an American."
Remember this on Thanksgiving, November 28th . . .
