One of my favorite political cartoons is this Michael Ramirez gem showing President Obama following the European lemmings over the cliff of statism.
But this isn't a laughing matter. As shown in this remarkable graph on global living standards, Americans enjoy significantly more consumption than their European counterparts.
And here’s another set of charts showing a big gap between the United States and Europe.
So the obvious question is whether we should copy the statist policies of our cousins across the Atlantic.
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