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>http://www.europeanaffairs.org/archive/2000_summer.php4
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>The so-called new economy has firmly implanted itself in the United States, helping to generate the longest U.S. economic expansion ever recorded. The United States leads the world in many aspects of the internet-based economy and in technological innovation. Meanwhile, Europeans have been grappling with high unemployment, slow growth and out-of-date economic models. All that may now be changing, as Europe begins to embrace the new economy, and economic recovery gains ground.

Pity the Europeans. They want to emulate an economy based on military consumption and having huge tax benefits given to corporations while employees have their benefits cut and wages lowered. Oh, and pensions taken over by government after corporations default too. Oh, and based on credit cards too.
I suspect the people won't have much of that!

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>The reality is that since Ronald Reagan, this is the stongest economy the US has ever had.

I think you're right. And both bequeathed huge deficits too.