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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (47277)	11/6/2004 12:35:15 PM
From: Thomas A Watson	Respond to of 50167

I wonder if EU leaders are really so dense to not understand the analysis below. Well if that is the case, Americans win an even bigger share of the pie. Or is America such a huge critical mass of competitiveness that Americans will simply win and win more. Is it that the EU has such a critical mass of stale outdated ideas and understanding of how the world works it is doomed to tepid growth policies. The American economy is growing roughly twice as fast as Europe's. President Bush's re-election will put more pressure on EU leaders to consider adopting more business-friendly policies; it is evident that Bush's embrace of free, competitive markets, low taxes and light regulatory touch underpin the U.S.'s widening comparative advantage in the biotech and pharmaceutical sectors. In fact, the greatest challenge Mr. Bush poses to the security of European leaders is not in foreign policy but in economics.