Tuesday, May 11, 2004

Economic Growth in U.S. Outpaces Socialist Europe highlights that an Organization for Economic Cooperation and Development report shows the performance gap between the U.S. and the 12-nation euro zone has widened. U.S. growth was seen at 4.7%, up from the 4.2% earlier forecast. The Paris-based OECD cut its euro-area growth prediction from 1.8 percent to 1.6%.

No surprise here: Lower tax rates. A much smaller nanny state that coddles sloth. A free enterprise system that awards not punishes initiative, where industry competitiveness is allowed to breathe. Old Europe should've figured it out by now, but it takes awhile for Leftists to learn.


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