Tuesday, August 02, 2005

Will wonders never cease…

What do you do when you have a stagnant economy, a decade of languid private sector growth and an unemployment rate stuck above the 10% mark? The French, who just happen to fit that bill, have come up with a not-so-novel idea to jumpstart their ailing economy: reform the labor laws to reduce punitive government regulations on small business. Though there’s no better economic catalyst than a broad tax cut, the French government simply couldn’t bring themselves to adopt such a policy, so they went for the next best thing. Bravo!

As if on cue, French union leaders denounced the new measures and vowed to hold massive street demonstrations in protest. What better way for the French people to usher in a major job growth initiative than by staging a nationwide strike? How fitting.

1 Comments:

At 8/03/2005 10:22 AM, Blogger BACdanielle said...

That's funny! I heard briefly about that the other day. Good foor them, I hope the measures pass. The sun shines on a dog's butt sometimes!

DC

 

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