IS FRANCE DOING BETTER THAN US?
Marseille, France. Why does it appear France is bouncing back more quickly from the recession than the United States?
France has long been known for having an economy that suffered from too much government interference, too-high taxes and destructive union activity. Yet it grew 1.4 percent in the second quarter of 2009, while the U.S. economy continued to decline.
The United States and Britain have had the largest "stimulus" programs of the major economies (as measured by increases in government spending and deficits relative to gross domestic product) and yet they are not moving toward recovery as rapidly as France and most other countries that had far smaller stimulus programs or none.