Monday, September 04, 2006
"Labor for its part laments the state of the US economy -- again -- and points in its new study to how great things are in Europe. This is almost comical, considering the per capita US Gross Domestic Product (also known as the standard of living) is almost 50% higher than Europe's. The 3.5% GDP growth noted above is 35% faster than the EU's. The current 4.6% unemployment rate is half Europe's rate. US workers unemployed for over a year account for just 12% of the total, while in Europe, some 43% of all unemployed have been so for over a year. Finally, the percent of people starting new businesses is five times higher in the US than in France. Ask yourself this question: If you open the borders, which way will people flow -- toward Europe or toward the good ol' US of A? We think we know the answer. [ Objective evidence of the fruits of worshipping the "black point" gods of Sorel and Rousseau... -ed. ] "