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Politics : Don't Blame Me, I Voted For Kerry

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To: Lizzie Tudor who wrote (61391)5/26/2005 5:24:42 PM
From: Sully-Read Replies (2) of 81568
 
Welcome to Hooverville <ggg>

GDP

PoliPundit.com

The U.S. economy grew at an inflation-adjusted rate of 3.5 percent last quarter. That represents an upwards revision, from the initial estimate of 3.1 percent.

Simultaneously, the Commerce Department’s measure of inflation was revised downwards, from 3.3 percent to 3.2 percent.

To put those numbers into perspective, over in EUrope, and despite their leaders’ immense sophistication, and the true enlightenment of their respective populations, things aren’t quite working out as well:

“Today, GDP per capita in France, Germany or Italy is 30% below US levels and, at current trends, this gap will increase during the next few years.”

Merde.

Hat tip on the EU stats: Maggie.

-- Jayson

polipundit.com

oecdobserver.org
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