February 21, 2007

From the ‘No, We Should NOT Be Just Like Them’ Department

Filed under: Economy, Taxes & Government — TBlumer @ 6:13 am

Apparently, there are attempts being made at making a case that the EU is starting to do well economically.

Uh, no — the correct statement would be that they are doing less poorly (bold is mine):

The euro zone just got its best jobless report ever. The bad news: In a decade when record numbers of people found work in the rich world, Europe’s best is an unemployment rate of 7.5%, significantly higher than the U.S. (at 4.6%) or any other developed economy.

2 Comments

  1. Our economic recovery as both you and Larry Kudlow constantly point out, truly is the “greatest story never told.” I sometimes wonder if President Bush will ever get credit, even after he leaves office.

    Comment by Ben Keeler — February 21, 2007 @ 5:42 pm

  2. #1. Some never will. Some still call the 1980s the Decade of Greed, when it was the 1990s Bubblemeisters who were the greedy ones.

    Comment by TBlumer — February 21, 2007 @ 7:29 pm

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