From: Kharin (kharin@kharin.com)
Date: Mon Apr 05 2004 - 05:29:54 MDT
" After giving a free lecture on economics and the European "stagnation" as opposed to the USA prosperity"
Hmm. What be the reason for the quote marks around stagnation? It doesn't seem an especially unreasonable description, given that Germany's economy grew at 0-0.2% in the fourth quarter of 2003, the French economy grew at 0.5%, while the US economy grew at 4.8% in the same period. Looking at figures for the third quarter of 2003, Holland grew by 0.1%, while Italy contracted by 0.1%.
That said, obviously Frist's speech is piffle. Microsoft is not an American firm, it is a multinational and employs European staff as much as American staff. Conversely the idea that the EU should lose sleep over US jobs is highly amusing.
"I've got to run. I haven't finished digging my bunker yet. Do you think a flag with a "free market" logo would make it safer?"
Well, I did note that those words were actually absent from Frist's speech, presumably because the US has been little better than Europe on that score. Steel and softwood tariffs spring to mind. If there had been a free market in this case, the EU would hardly have needed to take the action it did.
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