Mitt Romney must be familiar with that well-known European saying, when he accuses President Obama of being a European-type socialist. According to Romney, Obama’s economic policies are imitating those of the European Union which, still according to Romney, is in dire straits.
Notwithstanding the travails of Greece, and threats of insolvency in a few other countries (the Union, with its varieties of welfare states, counts twenty-seven) the 2011 chart courtesy of the U.S> Bureau of Labor Statistics www.bls.gov/ilc intl_unemployment_rates_monthly.htm shows that we beat all of them when it comes to unemployment.
If only we were as well off as well-regulated Europe!
If only we could be so badly off as better-regulated Europe.