March 7, 2007


Study: EU Economy 22 Years Behind U.S.: On the eve of a European summit, the Eurochambers business lobby says the U.S. reached the current EU rate of GDP per capita in 1985 (Lucia Kubosova, 3/07/07, Business Week)

The EU is 22 years behind the US on economic growth according to a new study, with several other economic indicators showing further gaps despite Europe's ambitious reform agenda to be praised by leaders at this week's summit.

A report by Eurochambers, the Brussels-based business lobby, published on Monday (5 March) argues that the US reached the current EU rate of GDP per capita in 1985 and its levels in employment and research investment almost 30 years ago.

Looked at objectively, one has to conclude that the Marshall Plan was one of the most successful military attacks in history. By propping up European socialism we destroyed them.

Meanwhile, we wisely reject it for ourselves, Big Challenge for Progressives: People Don't Believe That Government Works (Mike Lux, 3/05/07, Huffington Post)

Look at some of these numbers:


If the federal government were to receive additional money, do you think the additional money is more likely to be spent well or is it more likely to be wasted?

* Spent well: 13%
* Wasted: 83%


A. Government does more to help people get ahead in life.

* 30% agree

B. Government mostly gets in the way of the economy and job growth.

* 57% agree


A. Government mostly stimulates the economy and job growth.

* 34% agree

B. Government mostly gets in the way of the economy and job growth.

* 54% agree

Question: Which statement do you identify more with?

A. I want Congress to first invest in areas like health care, education, and energy, even if it means spending additional money.

* 36% agree


B. I want Congress to first focus on cutting wasteful spending and making government more accountable.

* 58% agree

Posted by Orrin Judd at March 7, 2007 7:32 AM

During the days of the Marshall Plan, Soviet style economics was still considered a viable alternative by the 'New Deal' holdovers. We were still trying to 'save capitalism from it itself'. European statism has become a prisoner of demographics. The more it grows the further it sinks. Government 'entitlements' and the rule of unintended consequences have their effects everywhere.

Posted by: at March 7, 2007 7:55 AM

Yes and the amazing thing is that we're still doing it, hoping and against the evidence in front of our eyes that socialism in all its permutations didn't work then and doesn't work now.

Posted by: erp at March 7, 2007 9:38 AM

I wish somebody would explain this to the people in Washington. The state senate just passed a bill granting every worker 5 weeks of paid medical leave to be funded through additional payroll taxes. Somehow the liberals are convinced this is a good thing.

Posted by: Patrick H at March 7, 2007 12:03 PM

The liberal goal is to destroy our economy and reduce us to third world status. Once you understand that, everything else falls into place.

Posted by: erp at March 7, 2007 12:08 PM