It's not fair to compare the US and the EU system, but the world isn't fair.
While the EU thinks in 10 year terms, US president Obama has proposed a five year plan to double US exports in 5 years.
If Obama doesn't get his country on track over the next three years, he won't be re-elected. If Europe 2020 is no success, most governments and top EU-officials won't be in office anymore, and their successors will make a new plan for 2030.
And I don't talk about China, but just because re-election is not such a big topic over there...