A Remarkable Job Machine

The creation of new employment in the U.S. has become the envy of the world

"They simply cannot get over it. They cannot understand why we can create all these jobs, and they cannot."

So said a top American policymaker after this month's London economic summit. He was still surprised by what he had been hearing. While many Americans correctly worry about their country's staggering budget deficit and balance-of-trade troubles, the Europeans and the Japanese are impressed by the record of the U.S. economy in creating new jobs. Says French Finance Minister Jacques Delors:...

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