Sweden’s economy BOOMS – GDP up 6.9 % !!

[DrGee5]

"Sweden's economy increased 6.9 percent in the third quarter after recording a revised 4.5 percent growth in the second quarter, the statistics office said Monday.

The record expansion 'the fastest since 1971' were much stronger than expected, making the krona swell to a one-month high versus the euro."

On top of having the smallest deficit in the EU, the government now expects to post a big budget surplus by 2011.

Source:
http://www.swedishwire.com/economy/7400-swedens-economy-booms-gdp-up-69-percent
http://www.cnbc.com/id/40413797

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If you socialist Swedish sheep had a free-market, low-tax economy where citizens were truly free to do as they please without government intervention and regulation, like here in the U.S., you'd have a vibrant economy like us … oh, wait … ;-)

[Rosa Luxemburg]

1. maybe the USA should start exporting goods too?

[DemoTex]

2. Kalle Fucking Blomkvist!

Must be all the Tatoo/Fire/Hornet books.

[Dappleganger]

7. Haha!

Just saw the 3rd movie last night in a local theater...it was pretty damn good. Read all 3 books, too. The others are streaming from Netflix.

[eridani]

9. It's a movie too?

I've read the books, and am prepared for the ususal disappointment.

[Dappleganger]

11. These are the Swedish movies...

with sub-titles. They are actually done quite well.

[MrObama]

15. Stieg Larsson Millenium Trillogy (2009) English Subtitles, can be downloaded here -->

The Pirate bay: Stieg Larsson Millenium Trillogy (2009) BRrip 720 AAC x264[br />
The Girl with the Dragon Tattoo (2009) 2h 32m
The Girl Who Played With Fire (2009) 2h 9mn
The Girl Who Kicked The Hornets Nest (2009) 2h 26mn

Seven hours long, very good quality, eng sub.


How to download from The Pirate Bay:

1. Download and install utorrent from http://www.utorrent.com
2. Browse The Pirate Bay and find a file you want.
3. Click "download this torrent" and save the torrent file on the computer.
4. then double-click to open the torrent file with utorrent and begin downloading.

enjoy!

[SaveOurDemocracy]

14. That made me LOL! Good one.

:hi:

[SoCalDem]

3. Equilibrium is nice

Cannibalistic capitalism is not. (unless you are the cannibal)

[HCE SuiGeneris]

4. I envision that

Wall Street salivates and plots an Icelandic infiltration... and Sweden tells them to fuck off.

The rise of democratic socialism ensues and spreads globally.

[Sal Minella]

5. There must be some mistake.

They have that Socialistic Socialized Medicine in Sweden, which means the country must be awash in debt from providing health care for everybody.

[MrObama]

6. Bloody Swedish Socialist Bastards...

;-)

[Hannah Bell]

8. um, because sweden had their real estate bubble & austerity program a decade earlier/

sweden's ain't the "socialist state" it once was.

The situation in Sweden two decades ago had clear parallels to Europe today.

Following years of crazed property speculation and deregulation of the Scandinavian country's credit market, its banking and financial service bubble burst in the early 1990s amid a global economic slowdown, landing it in its deepest economic crisis since the 1930s.

Like Britain today, where Chancellor of the Exchequer George Osborne announced nearly half a million public sector job cuts among measures to help balance the country's dismal public finances, Sweden's budget deficit in 1994 had swelled to more than 10 percent of its gross domestic product (GDP).

Sweden, whose national debt peaked at around 80 percent of GDP, saw around 500,000 jobs disappear throughout the crisis.

"That was about 10 percent of the labour force. A lot of the jobs cut were
in industry, but a lot were also in the public sector," said Börje Johansson, a national economics professor at Jönköping International Business School...Sweden's government was unseated at the height of the crisis in 1994.

When Sweden's government in the 1990s began cutting public sector jobs, slashing pension and unemployment benefits, selling off publicly-owned companies and hiking union membership fees, it had one thing going for it that Cameron's cabinet in London today does not: it was left-wing...

http://www.thelocal.se/29794/20101024/


True to form, it was the "left" that implemented swedish austerity.

[mistertrickster]

10. B-b-but I thought socialism only works until you run out of other people's money.

The Church of the Holy Marketplace is going to have to preach long and hard against this heresy.

[pampango]

12. wiki on the Swedish economy: high taxes & trade; high safety net; standard of living second to none.

http://en.wikipedia.org/wiki/Economy_of_Sweden

The Swedish economy is a developed diverse economy, aided by timber and iron ore. These constitute the resource base of an economy oriented toward foreign trade. The main industries include cars, international communications, pharmaceuticals and forestry.

Because of the fact that Sweden is a neutral country and did not actively participate in the Second World War, during the post-war era, the country did not have to rebuild their economic base, banking system, and country as a whole, like other countries had to. Sweden has achieved second to none standard of living, under a mixed system of high-tech markets and welfare benefits. Sweden has the second highest total tax revenue behind Denmark, as a share of the country's income. As of 2007, total tax revenue was 47.8% of GDP, down from 49.1% 2006.

[OlympicBrian]

13. No surprise--top trading partner is Germany

Germany booming in EU (pretty much alone.)

http://globaleconstats.com/wp/2009/09/29/the-top-trade-partners-of-sweden-2008/comment-page-1/

[RainDog]

17. another social democracy with a strong safety net, strong unions

and govt retraining programs to help workers train for new jobs.

Germany is also the top producer of windmill technology. They don't out source their manufacturing.

Meanwhile, in America: it's a race to the bottom!!

[RainDog]

16. don't forget, when shown various economic models

without knowing what they were, a majority of Americans preferred Swedish-style social democracy as an economic system - in terms of redistribution of wealth via TAXES.

So, just to remind the Congress that the American people don't want you to cut taxes for the rich - and, lookie! Having taxes on the rich actually promotes economic prosperity!!

Why do Republicans and Conservadems hate America?