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Friday, October 27, 2006

Following European Policy Leads To Poverty

For those of you who embrace the European economic model of direct state involvement in business and markets, here is a report by Daniel Mitchell of the Heritage Foundation to bring you back to reality.

Mitchell writes:

While the US and Europe has

"enjoyed centuries of remarkable growth thanks to property rights, the rule of law, and minimal gov­ernment...Europe and the United States then began to move in oppo­site directions, and public policy seems to be one of the biggest rea­sons for the shift. Beginning in the late 1960s and early 1970s, politi­cians in most European nations increased the size and scope of gov­ernment. Government also expanded in America during that period, but the increase was more muted. More important, beginning in 1980, Amer­ica began to liberalize its economy and curtail the growth of government."

Check out the details and graphs. There are ample reports proving how the European standard of living is slipping, including their vaunted leisure time. One report states:

EU countries would rank with the very poorest American states in terms of liv­ing standards, roughly equal to Arkansas and Montana and only slightly ahead of West Vir­ginia and Mississippi, the two poorest states.

Remember this when you think about the public policy goals of the politicians running for office. Over the next few weeks, your vote will express your position on long-term issues that will affect you and your family's lives. Any desire for a contued high living standard in America requires you to vote for the low taxes, deregulatory, low entitlement spending candidate.

Tuesday, October 24, 2006

Newsweek Faces Up To No Ice Age Coming

It has been 30 years but Newsweek is finally publicly recanting its 1975 headline and article touting the inevitable global "Ice Age". The predictions included a "drastic decline in food production" and political disruptions stemming from food shortages could affect "just about every nation on earth." Time Magazine had stated similar predictions. Good for them to note their predictions failed. But they are not out of the prediction game. They do state that global warming is a given for our future and it is all caused by man's actions.

Next month they plan on a major story predicting that man will have 3 heads by the year 2170. That is one prediction I agree with and look forward to.

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