I can't be the first

In case you haven't noticed, I posted a blog in December 2007 saying the business cycle is over, the current modest slow-down was caused by high oil prices and a financial crisis, nothing to do with cycles. 

A recent blog of mine said the bottom of the current slow-down was in mid-February. 

Now I'd like to make an obvious statement that everyone seems to have missed: every other country in the world is experiencing a slow down and many, especially Europe and Japan are facing dramatic downturns, because  of the slight decline in U.S. output.  The U.S. commercial output is barely affected by other countries, but not vice-versa, for one reason.  The U.S. is the engine of global commerce.  

When the U.S. output slows down a little, nearly everyone else slows down a lot.

What should this say to policy makers the world over?  All the other countries in the world that are currently deficit spending taxpayer's money to try and remedy their own problems are aggravating the problem. The only sensible solution is to help America accelerate its globe driving engine.

Is there a way for Japan, Europe and the rest to deliberately help America produce more?  Yes, and I can only think of a few as I write this blog; there are dozens of other ways.  

Here are three ways, that immediately come to mind, that other countries can help America accelerate output. (1) Reduce barriers to American corporate expansion in all fields immediately. (2) Offer immediate travel incentives to American travelers and (3) Reduce taxes on companies that provide wholesale supplies to U.S. companies (businesses that American's view as outsourcing).

If you are South Korea or Germany, don't waste your efforts on futile domestic stimulus, direct it at expanding U.S. output.  A hard idea to grasp and a political problem but a pragmatic reality of commerce.