NoonShadow

An expat's commentary on current events in national security, foreign affairs, the media, culture, technology and assorted trivia.

Saturday, February 26, 2005

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Schadenfreude! Get your Schadenfreude here!

The AP reports, "The (American) economy clocked in at a 3.8% pace in the final quarter of 2004 - faster than initially thought - and is now cruising at that speed or better." The US unemployment rate stands at 5.2%.

Meanwhile what is going on in Germany and France, the poster children for the "European social model" (translation: high taxes, lots of regulation, generous dole payments of all kinds to layabouts of all sorts, officious bureaucrats, topped with even higher taxes) which has been enshrined in the EU Constitution?

The German economy shrank at an annualised rate of 0.9% in the fourth quarter. The German economy is losing 1,200 full-time jobs per day, according to Juergen Thumann, the head of the BDI industry federation claims. The German unemployment rate now exceeds 12%, the highest rate since Patton pissed in the Rhine.

The French unemployment rate just passed 10%. The French growth rate was actually pretty good compared to that of Chirac's gigantic Teutonic poodle next door. But the French economy created just 39,000 jobs in 2004, according to official French goverment figures. And the 35 hour work week that the lazy Left cherishes so much is on its way out.

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