Skip to comments.Raw Nerve: Germany Seethes at US Economic Criticism
Posted on 10/31/2013 1:37:30 PM PDT by Olog-hai
A day after a US Treasury Department report bluntly denounced Germanys economic model, accusing it of hampering the eurozone recovery and hurting global growth, Germany called the conclusions incomprehensible and challenged the US to analyze its own economic situation.
The Treasurys semiannual currency report criticized Germanys over-reliance on exports, a high current-account surplus and weak domestic demand. These factors have hampered re-balancing at a time when many other euro-area countries have been under severe pressure, the report concluded, citing budget tightening in the euro periphery. The net result has been a deflationary bias for the euro area, as well as for the world economy.
On a trans-Atlantic level, however, the Treasury report may only complicate relations between Germany and the US, which were strained earlier this month following allegations that the US spied on Chancellor Angela Merkels cell phone.
(Excerpt) Read more at spiegel.de ...
Translation: it’s really hard for us to create the appearance of solvency by devaluating the dollar when you’re busy devaluating the euro.
Dumkopf Americanisch !
Am I missing something or are we seriously criticizing Germany for having too much money (as opposed to a gargantuan national debt) and a positive trade balance?
No, for real.
Either I misunderstood or we've lost our minds.
And this is out of an administration that is trying to turn the USA’s economy from free-market into socialistic, to boot.
For the record, Germany’s economy is called the social market economy.
I remember when the Euroweenies were in love with 0bama in 2008. They got what they asked for.
Well obviously Germany should export their jobs and factories like we do and have the unemployment we have and borrow support money from China and then they would be doing well like we are. Imbeciles.
I can’t forgive them for bombing Pearl Harbor.
we are no longer a free, capitalist country, that’s why we’re at odds with those who are.
I don’t think Jacob lew, Bernanke and yellin have our best interests at heart, but we have been cowed into remaining silent.
This is like a nightmare I can’t wake up from.
I think the Germans, by and large, were cheering wildly for Obama. You are right. They got what they asked for. We should ask them, how's that working out for you?
This time, we’ll do nothing - as long as you promise to do evil, bad, and totally unthinkable things to the population of sleepy hollow - er - Foggy bottom.
Besides, Chancellor Merkel has roughly 150 IQ points on our Dork-O-Dent, and has demonstrated a much greater understanding of economics.
Germany is a social market economy, while Red China is all about “state capitalism” per the Communist Manifesto. Neither are free markets themselves, and have high taxation at the middle-class level. They do have manufacturing and relatively low corporate taxation and certainly lower regulation than the USA, though.
Half the reason I want to leave the country is to just get the hell away from it. Maybe it won't be any better elsewhere but I won't ave a solid command of the language and understanding of their political process.
Reminds me of an old joke.
A man walks into a bar and sees an Oriental; goes up to him and punches him in the face. "What was that for?" Asks the Asian.
Man answers, "that's for bombing Pearl Harbor."
That was the Japanese, idiot; I'm Chinese!"
"Chinese, Japanese, Vietnamese. All the same.."
The Chinese guy kicks him in the nads. "What you kick me for?" "That's for sinking the Titanic."
"You're crazy! The Titanic was sunk by an iceberg"
"Iceberg, Goldberg, Greenberg; you're all the same."
Seething, huh? Sounds about right. Getting advice from a bankrupt nation on how to run your economy should make you at least seeth; maybe even throw a fit.
For we are now the biggest proponents of State Command Communism that the world now has.
Where do I send a letter of apology for the stupidity of our _resident?
I am so sick and tired of living in a nation that has become the laughing stock of the world.
I honestly believe, and this is based from firsthand experience, that our government is hated far more then we, the people. This was the same case in the USSR in the 80’s—the people, for the most part were simply caught up in the communist crap, and were simply trying to live what life they could under the circumstances.
The US is still trying to recover from that analysis.
Only the most ignorant Free Trade Communist would whine because another country “exports too much”....
Germany obviously didn’t ship all their factories, jobs, and wealth to Communist China
Be intetesting to see the comments of the FR Free Trade Commies who troll on here. I want to hear them defend their fellow Free Trade Commies in the Obama Admin
This may be a first. I find it hard to imagine Germans “seething” about anything. The very idea sounds odd, like a German banjo band.
Because Obama got caught spying on German PM and their PM insults Obama. We must go to snit fit war.
By the time Obama leaves, North Korea and the Taliban will be our only friends.
They just LOVE America again!
But we beat them at Midway.
Keep in mind that the Secretary of the Treasury over drew his credit line, the debt ceiling, by ~ the $300 billion he borrowed the minute the ceiling was lifted.
The Germans are pikers compared to the Criminal Enterprise that is the Democrat Tyranny
I so agree!
The current administration sure has improved America’s standing in the eyes of the world, hasn’t it?