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Published on Apr 29, 2009
By all accounts (including his own), President Barack Obama had a great time during his recent trip to France. And elite opinion at places ranging from Newsweek to The Economist to the Brookings Institution is urging Obama to make America more like France and Europe.
Should the United States become the next France, a land of high taxes, regulation, and government spending? And, not uncoincidentally, comparatively low economic growth?
In "Obama's French Toast: Just Say Non," Sorbonne-trained economist Veronique de Rugy of the Mercatus Center at George Mason University argues that embracing the French way would be nothing less than a train wreck, leaving Americans with fewer jobs and less disposable income.
"Obama's French Toast" is a co-production of Reason.tv and the Center for Freedom & Prosperity (http://freedomandprosperity.org). Written and produced by Meredith Bragg and Nick Gillespie. Approximately three minutes long.