With the recent events in mind, regarding the snooping that the NSA/USA has done to other countries, I think it will hurt the economy in the USA in the long run.
I would like to know what your opinion on this matter is?
The reason I am asking is because because President Hollande from France, is talking about stopping the talks/negotiations with the USA, about the free-trade agreement they are working on.
Germany, especially Angela Merkel (Chancellor of Germany) is pretty pissed about the (still allegedly) spying that NSA has done on her mobile phone. She called Obama directly to ask what the h*ll was going on.
There is a debate going on in the EU HQ in Brussels, and there seems to be a general consensus that friendly countries should not spy on each other.
So in short if NSA/USA does not pull back (or at least stop getting caught) in regards to spy on "friendly" countries, it could have a negative outcome on commerce, and getting the economies of both EU, and USA back on track.
I'm actually quite surprised when he got elected to hear how much he is for citizen privacy at least compared to President Sarkozy was. The Three Strikes plan that we had during Sarkozy's reign has been taken down(though it was due to how ineffective it was and how much it cost to run it).
In any case, when Hollande was running for president, he did mention a few times about bringing down the three strikes policy, which he actually did; though at the same time saying he will try to take a different form of "attack" against piracy, so we shall see how that goes.
Fun fact: Former-President Sarkozy is the first french president to not be re-elected by the people for a second term. So that may give you an idea of what the french thought of him by the end of his first term.