Monday, April 26, 2004

The ever positive French 

Agence France-Presse is never one to shy from using evocative adjectives: "US President George W. Bush and his Democratic rival, John Kerry, will shift the focus of their electoral contest to the battered US economy, testing new ideas on ways to add muscle to a fledgling recovery."

Ah, the poor battered US economy.

Maybe just two indicators. Real GDP at 4.1% in the December 2003 quarter; unemployment rate in March 2004 at 5.7%.

How about the home base of Agence France-Presse?

GDP in the December 2003 quarter at 0.5%; unemployment rate in February 2004 at 9.6%.

If the US economy is battered, is the French economy buggered? Merde!


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