Delftsman

US vs EU economies

Many of the Moonbat Left are continually touting the EU as an economic model for the US to follow. They say that in the EU, things are SOOO much better for the poor, the social welfare programs in the EU ensure that the distribution of income is more equitable than in the US, where those that are rich are "cheaters" and "thieves", to the detriment of the poor.

Now there is a study out of Sweden, that great socialist bastion much touted by the Left as the model of where the US should go for the betterment of all. Called EU versus USA , the study was written by Dr Fredrik Bergström, President of the Swedish Research Institute of Trade, and Mr Robert Gidehag, until recently Chief Economist of the same institute and now President of the Swedish Taxpayer's Association.

The study shows that, with the exception of Luxembourg, the total per capita GDP (Gross domestic Product) and AGR (Annual Growth Rate) of any of the 15 EU countries is lower than all but the four poorest states in the US. Luxembourg was the only EU country to fall into the median rate as it is in the US.

The study also stated that if the GNP/AGR rates in the US were frozen at the 2000 year level, and the forcasts in growth proposed by the the EU ministers of Finance are accurate, it would be 2013, on average, before any EU country would match the US of four years ago.

Go to the site and download/read the report. It is long, but it is informative on just how the EU is faring economicaly compared to the US. And the US comes out FAR ahead.