CBS on Europe
futureofcapitalism.com
CBS News has a story headlined, "How GOP Candidates Get Europe Wrong." The gist of it is that the Republican candidates are wrong to warn against turning America into a European-style social welfare state: Germany has a 5.5 percent unemployment rate, an immense export surplus, and world-leading innovative companies. And its economic system, according to former U.S. ambassador John Kornblum, is closer to what the U.S. was in President Eisenhower's time than it is to socialism. "The governments of Europe - and especially in this country, Germany - could probably be given credit for writing half of the Republican economic policy," said Kornblum. "They believe in low taxes, saving, low government expenditures, no deficits."
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CBS on Europe
futureofcapitalism.com
CBS News has a story headlined, "How GOP Candidates Get Europe Wrong." The gist of it is that the Republican candidates are wrong to warn against turning America into a European-style social welfare state: Germany has a 5.5 percent unemployment rate, an immense export surplus, and world-leading innovative companies. And its economic system, according to former U.S. ambassador John Kornblum, is closer to what the U.S. was in President Eisenhower's time than it is to socialism. "The governments of Europe - and especially in this country, Germany - could probably be given credit for writing half of the Republican economic policy," said Kornblum. "They believe in low taxes, saving, low government expenditures, no deficits."
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Allen Pizzey
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