The EU grew by about 4 percent last year. EU inflation is running about 5 percent. By comparison, we grew by over 5 percent, but inflation is 7 percent.
It would be completely fair to ask the American voters if they would prefer the EU cocktail of lower inflation and slower growth. Many of them would probably say yes, but most workers would not, if you explained that would mean lower wages and higher unemployment. That is the real choice on offer–not high growth and no inflation.