Sunday, May 17, 2009

The EU Economy...

We've been told that only if American people saw the light and followed the progressive ways - with strong unions, government run medical care, large entitlement programs, US would become much stronger. And yet, we constantly learn that Europe's economy is in shambles. Read this article for example.

And it gets better - ahm, worse. From 1981 to 2008, EU-16 GDP grew by 1.9 times - i.e by 90%. The economy of France grew by 80%, Belgium - 80%, Austria - 90%. During same time, US economy grew by 130% - nearly double what Europe achieved. It's fair to ask - why does comrade Obama say that emulating Europe would result in faster economic growth? What is the factual basis for this claim?

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