The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM
Iran's Sham Election In Houston.
June 20, 2005 5:36 AM
Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM
Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM
Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM
Idea Majorities Matter.
May 12, 2006 6:15 PM
Twilight Zone Economics.
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The "Shrinking" Middle Class.
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From Ashes, GOP Opportunities.
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Battle Between Entitlements & Pork.
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Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM
Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM
Unions Antithetical to Liberty.
May 28, 2008 11:12 PM
Right To Work States Rock.
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Social Security Reform Thursday.
March 13, 2008
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Mar. 14, 2006
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Trivia Tidbit Of The Day: Part 175 -- What Is Europe's Deal?
Europe is in trouble:
Nearly one third of Germans under 30 say that the U.S. government ordered the 9/11 attacks. In France, a book insisting that Americans carried out the assault themselves to increase defense budgets becomes a huge bestseller. In Britain, major newspapers carry headlines like "The USA is Now the World's Leading Rogue State."
In Germany in particular, anti-Americanism, which transcends Bush-- or Republican control of Congress-- is an effective campaign tool. Sure, there are limits to how far the German left can ride the anti-American train, but there's no doubt there is a very tangible font of electoral support there.
Tapping into that well will eventually make little or no sense, as the European left continues its failed economic policies. The German left is clearly not getting the job done, but for now anti-Americanism remains a powerful political force.
But America picking up the slack of limp-wristed Europe is nothing new:
Truth be told, continental Europeans have been making themselves scarce during times of crisis for more than two generations. Their current claim is that lack of a U.N. mandate is what has prevented Europe from standing shoulder to shoulder with the U.S. since the 9/11 attacks. But the Old World’s failure to make any proportionate contribution to the war on terror is actually part of a long historical pattern. Consider their response the last time a large U.N.-commanded force went to war—in Korea.
Even if France and Germany had supported the liberation of Iraq, they just wouldn't have had the manpower to do anything about it. Old Europe has been living under the protective shield of the United States for so many decades now that it no longer has any concept of reality. Threats are something to cry about after they have struck, not something to snuff out beforehand.
The worst offender is Germany:
Europe’s economic trauma can be seen most clearly in Germany, which has performed miserably since edging away from the American free-market model and toward the French socialized-market alternative. Unemployment in Germany has reached the potentially destabilizing level of 12 percent. More shockingly, about a third of those unemployed have been jobless for more than a year. This is not some recessionary blip; over the last decade and a half, economic growth in Germany has averaged only a little over 1 percent. This miserable performance has allowed the people of other nations to pass the Germans in standard of living.
Europe is failing. And the recent muddle in the German election is a sad reminder that the problem with Europe is not exclusively a problem of snooty European elites bucking the will of the people.
The people marginally prefer failed Euro-Marxist policies; they are addicted to the generous welfare state benefits. And it is driving up unemployment:
In France, Italy, Germany, and Belgium, approximately a quarter of all workers under 25 are currently unemployed....
This final point is very important to think about. If, over the next few decades, Europe grows at 1% and the United States grows at 3%, we will have two starkly different societies. STARKLY different. To demonstrate this, let's turn to the Political Calculations Future Value Calculator.
The American economy is roughly 12 trillion dollars large.
Now, let's take that 12 trillion dollars, with a 1% annual rate of return, compounded daily, for forty years: $17,901,798,281,182.28 - Nearly 18 trillion dollars.
Now, let's take that 12 trillion dollars, with a 3% annual rate of return, compounded daily, for forty years: $39,839,438,447,474.09 - Nearly 40 trillion dollars.
Incidentally, the U.S. GDP growth rate was 3.1% in 2003 and 4.4% in 2004.
The German GDP growth rate, meanwhile, was -0.1% in 2003 and 1.6% in 2004.
The gap in the longer trends are just as pronounced, so I will spare Germany any more humiliation.
Previous Trivia Tidbit: Economic Liberty Freakin' Rules.
Posted by Will Franklin · 20 September 2005 09:03 AM
It would be interesting to overlay some net immigration numbers onto these statistics, especially after netting out the EU's mandatory "refugee admittance" quotas.
"Yankee go home -- and take me with you!"
Posted by: KipEsquire at September 20, 2005 09:12 AM