[Congressional Record Volume 145, Number 135 (Thursday, October 7, 1999)]
[House]
[Page H9522]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    EUROPE JOB CREATION ALMOST ZERO

  (Mr. COOKSEY asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. COOKSEY. Madam Speaker, the unemployment rate in most European 
countries is nearly three times the unemployment rate of the United 
States. While the U.S. economy is a job creating machine, in Europe job 
creation is almost zero. Older workers who lose their jobs cannot find 
new ones, and younger people looking for that first job often do so for 
years and often have to wait years before they could move out of the 
house.
  Meanwhile, in the U.S., there is actually a job shortage in many 
areas of the country. I would be positively fascinated to know how my 
liberal colleagues might explain this situation.
  I wonder if it would ever occur to them that low-tax countries such 
as the U.S., Hong Kong, Singapore have low unemployment rates, while 
high-tax countries such as France, Sweden, Germany, Italy, Spain and so 
many others are wallowing in economies with no economic growth.
  The truth is European governments which are successful in 
implementing the policies of the Democratic party are successful in 
achieving dreadfully performing economies. It does make one wonder.

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