As we enter 2007, I remembered what some of the pundits were saying this time last year. They predicted that a collapse in the U.S. housing market will take down the overall economy. As 2006 ended, these so called experts were proven wrong. The housing market has indeed slowed down, but the dreary sceanrio did not materialize. Corporations are posting record profits, consumers are still shopping and the employment picture still remains healthy.

The U.S. economy proved to be resilient thanks to its ability to adapt to changing market condidtions. Free of cumbersome regulations and a mobile labor force, people and businesses can adjust to the ever changing operating environment. Furthermore, the U.S. is quite pragmatic when it comes to providing opportunities to the best and brightest regardless of race or gender. Where else in the world can a woman born in a village in India can realize her dreams of becoming an astronaut? It is something the French should consider when they are dealing with their race riots and moribound economy.

You got it right. It seems France has not forgiven the Anglo Saxons for liberating them from the Nazis. For all their bold talk, they sure are cheap with doling out the money and resources for various world organizations. When the going gets tough, these blowhards dissapear. The U.S. needs to be careful also. Since 9/11, the U.S. government has introduced severe restrictions on visas and travelling. Many bright and talented people are been shut out. :cool: