«The number of jobless fell by 28,000 to 2.75 million, using International Labor Organization methods, the Labor Ministry in Paris said today. The jobless rate declined to 10.1 percent from 10.2 percent, the highest since December 1999.
The Brussels-based European Commission said July 18 the economy had been 'disappointingly slow' in the second quarter and cut its growth forecast for this year to 1.3 percent from the 1.6 percent it predicted in April.
In contrast the U.S. economy, which is expected by the White House to grow 3.6 percent this year, created 146,000 jobs last month, helping the jobless rate to fall to 5 percent, the lowest since September 2001.»
Villepin's 100 days are up on the 16th of September. (Tic tic tic) Thanks to the lumbering economic structure and absolute obstruction from labour, the small reforms which the PM has been able to get through won't provide the dynamic effect which is hoped for or needed. There IS one good thing about all of this: the more the obstructionists succeed today, the greater the chance that more people will see them as the vile, impoverishing, leftist revolutionaries that they are.
Comparing that 10.1 figure to the U.S.' 5 percent figure shows one basic and structural thing: half the number of people per capita who need all of that wonderful left-wing
As irrational as it is to compel someone to try to undo decades of malaise in 100 days, one has to wonder just what makes up a man such as Villepin who is as faithful as he is to such a opportunist who finds himself cornered and desperate.
Friday, July 29, 2005
Caution: Socialism Still at Work