The Unfinished Economic Agenda
At the June 20 economic summit in Denver, Bill Clinton will have a lot to crow about. The U.S. is successfully surfing the twin waves of high-tech innovation and open world markets. Meanwhile, France throws a backlash fit against globalization, Germany suffocates for the dubious euro, and Japan stumbles about wondering what happened to the good old Eighties. While Britain will also be able to stand tall in Denver, no country will match America's low 4.8% unemployment rate, high 4.1% growth rate, dormant inflation, rising incomes, soaring stocks, record exports, and double-digit growth in corporate profits. It doesn't get much better than this, and the U.S. President gets the bragging rights.
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