Thursday 20 November 2008

Pure Crazy-Sauce

This from American commentator Dick Morris over at Real Clear Politics:

The results of the G-20 economic summit amount to nothing less than the seamless integration of the United States into the European economy. In one month of legislation and one diplomatic meeting, the United States has unilaterally abdicated all the gains for the concept of free markets won by the Reagan administration and surrendered, in toto, to the Western European model of socialism, stagnation and excessive government regulation. Sovereignty is out the window. Without a vote, we are suddenly members of the European Union. Given the dismal record of those nations at creating jobs and sustaining growth, merger with the Europeans is like a partnership with death.

Yeah, that's right, the G20 meeting was actually a surrender to a 'socialist' and 'dying' Europe. Never mind the fact that the meeting actually acheived little, or that the proposed regulations would largely return the US to where it was in the nineties, or that Western Europe is far from 'dying' (From 1963 to 2003 per capita GDP in the 29 Western European states rose by an average 156% in real terms, compared to 137% for the US).

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