As long as I can remember (yes, Walt, that’s about five years), Europe has always had an unemployment rate about double the U.S. rate, and phenomenon explained by economists as the result of Europe’s generous welfare system, unlimited unemployment benefits, etc. So now we’re beating them at that, without all those hinderances. I wonder what else we’ve done to accomplish this?
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2 Comments
November 11, 2009 at 12:32 am
US is rapidly converging upon Germany (rest of EU is a bigger joke) in many (negative) commie ways
But, as much as Germans engineer and build world’s best cars in Mercedes V12s, Germany lacks competent engineering universities or new sources of wealth creation, unlike US’ finance and tech industries…but shares many of issues of high-cost, unionized, nonproductive work forces, worthless illegal immigrants, etc etc
November 11, 2009 at 9:45 am
But Europe has had “stimulus” funds for decades.
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