Although I find this laughable, bonehead NY Times Columnist Paul Krugman believes otherwise.
This is the same Paul Krugman who is predicting a massive recession. Please, Paul, for humor's sake, let's compare the U.S. to France.
GDP : US - $12.455 Trillion , France - $2.126 Trillion according to the IMF
If you take into account Purchasing Power Parity (PPP), the US is around $12.229 Trillion compared to France's $1.835.
Unemployment : US - 4.4%, France - 8.4%
Krugman is certainly a smart man. You don't go to the schools he attended if you aren't a bright guy. Somewhere along the line though, he was misguided and his economics and sense of what Americans want or feel seems to be way off. He continues to be a pessimist in the current economy while the U.S. outperforms France year after year.
Monday, April 30, 2007
The US is jealous of the French economy and lifestyle?
Posted by Mike at 3:24 PM
Labels: American, Economics, Finance, Foreign Policy, France, GDP, GDP Growth, Unemployment, United States, US Economy
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