By extending credit to Spain's banks, Europe helped stave off the immediate threat of a run on those institutions. However, with its 24 percent unemployment rate, Spain has problems that won't be solved by a quick extension of credit.
By any measure, America needs to take better care of its citizens, especially in the face of lost pensions and benefits in the private sector. In this election year, both candidates promise jobs, jobs, jobs, but the real issue is human welfare.
Jamaica may seem worlds away from Eurozone countries, which are three or four times richer. But they face a common problem, and they could easily mimic the dismal economic performance that Jamaica has seen over the past 20 years.
There are some big issues out here. You know, real ones that affect real things in the real world. Issues that may shape the fate of the United States for a generation. Yet these things are barely being discussed.