I hate to sound like a broken record, but the Organization for Economic Cooperation and Development (OECD) is once again pushing for bigger and more intrusive in the United States. The international bureaucracy’s “Economic Survey” of the United States reads like it was produced by some interns at the Democratic National Committee.
Since the OECD is based in Paris, I suppose it’s not very surprising that it has a statist agenda. But it’s still offensive because American taxpayers finance the biggest portion of the bureaucracy’s budget.
In other words, I’m subsidizing the people who are interfering with America’s domestic policy in hopes of making America more like France!
Moreover, the OECD’s transformation into a pro-statism organization is disappointing since, as I wrote back in 2011 when reviewing some academic analysis of the organization’s left-wing drift, “the OECD initially was designed to be a relatively innocuous bureaucracy that focused on statistics. Indeed, it was even viewed as a free-market counterpart to the Soviet Bloc’s Council for Mutual Economic Assistance.”
Yet today, the OECD behaves as if the West lost the Cold War.
But enough complaining on my part. Let’s look at what the OECD recommended in its Economic Survey.
We’ll start with the (sort of) good news. The bureaucrats actually recognize that America’s economy is suffering from a very anemic recovery and expansion (some of us have been making this point for years).
Here are a couple of charts from the report looking at economic output and employment. As you can see, even bureaucrats from Paris acknowledge that Obamanomics has generated dismal results.
Here’s the chart looking at GDP.