How’s that socialism thing working out for European economies?
Think American Capitalism Is Stumbling? Take a Look How European Socialism Is Faring

…Just this week, the euro-zone economies posted their worst economic quarter in over thirty years.  In the fourth quarter of 2008, their collective gross domestic product (GDP) contracted at a startling 6% annual rate, led by famously socialist Germany, France and Italy.  By way of comparison, the supposedly “catastrophic” American economy, which was larger than the European economies to begin with, contracted at a 3.8% annual rate in the fourth quarter.  That constitutes an unhealthy quarter, to be sure, but the euro-zone decline was over 50% worse.

In addition to worse GDP numbers, euro-zone unemployment reached 8% as of January 30, almost a full point higher than the American unemployment rate for the same time period.

The numbers in Japan, which has for over a decade pursued the very type of massive redistributive “stimulus” programs that liberals claim will improve the American economy, tell an even more dismal story.  This week, the Japanese Economy Ministry announced that its economy contracted at a 12.7% annualized rate during the fourth quarter of 2008.  Worse, economists predict another double-digit decline for the current quarter.

Why do we want to go this way, again?  I forget.

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