FTA The stimulus pleas of the Obama administration fell on deaf ears in Berlin. Guess whose economy is growing faster.
Deutschland ja; Amerika nein.
Has obamma’s financial policies ever worked in the past? I think not! Why does he insist his way is the right way, when history has proven otherwise? Surely his advisors and he himself cannot be this stupid?
Germany reminds me of America in the 1950s/1960s. 100% more common sense.
They do not appear to be brainwashed idiots like Americans who watch TV. I guess they learned their lesson about propaganda and brainwashing unlike NFL/NBA/MLB/NCAA fan idiots.
and New York Times columnist Paul Krugman gave an interview to the German business paper Handelsblatt in which he said that, while Germany might think its deficits are big, they are peanuts “from an American viewpoint.” Germany cannot say it wasn’t warned.
Once again Krugman serves as a perfect negative indicator. Ask Krugman what he would do and then do the exact opposite and you'll do well.
Only a complete and utter fool would put any credence in this Keynesianism garbage. It has never worked one time anywhere it has ever been tried. It’s nothing but a lefty religious belief that is completely immune to facts and results.
Is Obama A Keynesian?
http://www.youtube.com/watch?v=_23Nt5XumaU&feature=related
Friggin Krauts have always been like that.
Having lived with Germans, BO could not have acted worse than to try to browbeat them to spend more money. When you do that, Germans dig in their heals and get very stubborn. He may have gotten great reviews for his Berlin victory lap, but then he ruined it later by bringing up their real passion, holding on to their cash.
Excellent analogy.
Either the Obama administration economic planners are like the souse described in the article or they know exactly what they are doing and believe that until every nation runs out of money they will not be able to foster the chaos necessary to usher in the supposedly beneficent utopia they think will fill the vacuum of that societal disorder. Sadly, history suggests that the most likely way that vacuum will be filled is with totalitarianism. The Germans know that all too well.
sfl
“Germany has been scolded, even browbeaten, by Obama administration officials, from Treasury Secretary Timothy Geithner on down, for saving too much and spending too little. It has refused to stimulate its economy as the United States has done, on the grounds that the resulting budget deficits would not be sustainable...”
And from that idiot, Barack Obama, in May, ‘09:
“The long-term deficit and debt that we have accumulated is unsustainable. We can’t keep on just borrowing from China or borrowing from other countries. We have to pay interest on that debt and that means that we’re mortgaging our children’s future with more and more debt.”
I'll drink a pint of Oktoberfest Hacker Pschorr to that!
The Obama administration blew $860 billion on stimulus and the unemployment rate now stands at 9.6% and anemic GDP growth of 2%. Germany spent 0 on stimulus and their unemployment rate stands at 4% and GDP growth annualized at 9%.’Nuf said
The German people love Obama.How about an even up trade.We will take Angie Merkel and we will send them Obama decked out in lederhosen.
Obama wanted to brow beat other nations to increase deficit spending. Canada went into deficit in 2009, for the first time in over a decade. The main reason was the intense pressure to support Obama’s “stimulus package”. Harper knew this was politically necessary — but, bad economics.
Obama wanted to coerce the G20 to support more deficit spending. He got a resounding “NO!, NIEN!, NON!” as an answer.
BTW, when Canada switched from a faux-Keynesian policy of perpetual deficits, to a policy of surplus budgets, and debt reduction — we experienced the same higher growth & lower unemployment as Germany. We also experienced lower interest rates, lower inflation, and, eventually, more money available for spending on government programs. The later has made debt reduction popular, even amongst leftists. They don't like seeing money going to “greedy bankers”, for interest payments.
btt