Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Raw Nerve: Germany Seethes at US Economic Criticism
Der Spiegel ^ | October 31, 2013 06:26 PM | Christopher Alessi

Posted on 10/31/2013 1:37:30 PM PDT by Olog-hai

A day after a US Treasury Department report bluntly denounced Germany’s 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 Treasury’s semiannual currency report criticized Germany’s 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 Merkel’s cell phone. …

(Excerpt) Read more at spiegel.de ...


TOPICS: Business/Economy; Foreign Affairs; Germany; News/Current Events
KEYWORDS: eussr; obama; socialmarketeconomy; tradesurplus; treasuryreport; ustreasury

1 posted on 10/31/2013 1:37:30 PM PDT by Olog-hai
[ Post Reply | Private Reply | View Replies]

To: Olog-hai
The current occupant of the White House sure has a knack...
2 posted on 10/31/2013 1:44:28 PM PDT by Eric in the Ozarks ("Say Not the Struggle Naught Availeth.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

Translation: it’s really hard for us to create the appearance of solvency by devaluating the dollar when you’re busy devaluating the euro.


3 posted on 10/31/2013 1:45:54 PM PDT by jdege
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

Dumkopf Americanisch !


4 posted on 10/31/2013 1:46:42 PM PDT by MountainYankee
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai
...criticized Germany’s over-reliance on exports, a high current-account surplus and weak domestic demand

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.

5 posted on 10/31/2013 1:47:31 PM PDT by stormhill (Guns Save Lives!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: stormhill

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.


6 posted on 10/31/2013 1:49:42 PM PDT by Olog-hai
[ Post Reply | Private Reply | To 5 | View Replies]

To: Olog-hai

I remember when the Euroweenies were in love with 0bama in 2008. They got what they asked for.


7 posted on 10/31/2013 1:49:44 PM PDT by forgotten man
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai
"The Treasury’s semiannual currency report criticized Germany’s over-reliance on exports,"

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.

8 posted on 10/31/2013 1:50:15 PM PDT by ex-snook (God is Love)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

I can’t forgive them for bombing Pearl Harbor.


9 posted on 10/31/2013 1:51:21 PM PDT by tumblindice (America's founding fathers: All armed conservatives.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

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.


10 posted on 10/31/2013 1:52:50 PM PDT by willywill
[ Post Reply | Private Reply | To 5 | View Replies]

To: ex-snook

This is like a nightmare I can’t wake up from.


11 posted on 10/31/2013 1:53:11 PM PDT by stormhill (Guns Save Lives!)
[ Post Reply | Private Reply | To 8 | View Replies]

To: forgotten man
I remember when the Euroweenies were in love with 0bama in 2008. They got what they asked for.

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?

12 posted on 10/31/2013 1:58:11 PM PDT by Mark17 (Chicago Blackhawks: Stanley Cup champions 2010, 2013. Vietnam Veteran, 70-71)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Olog-hai

Dear Germany,

Please invade.

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.


13 posted on 10/31/2013 1:58:32 PM PDT by Da Coyote
[ Post Reply | Private Reply | To 1 | View Replies]

To: willywill

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.


14 posted on 10/31/2013 1:59:28 PM PDT by Olog-hai
[ Post Reply | Private Reply | To 10 | View Replies]

To: stormhill
It really is.

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.

15 posted on 10/31/2013 2:01:04 PM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: tumblindice
I can’t forgive them for bombing Pearl Harbor.

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."

16 posted on 10/31/2013 2:02:04 PM PDT by stormhill (Guns Save Lives!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Olog-hai

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.


17 posted on 10/31/2013 2:04:54 PM PDT by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2016; I pray we make it that long.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai
Well, expect us to criticize any economies that still hew -- at all -- to free-market capitalism.

For we are now the biggest proponents of State Command Communism that the world now has.

18 posted on 10/31/2013 2:06:27 PM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

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.


19 posted on 10/31/2013 2:08:41 PM PDT by Peter W. Kessler
[ Post Reply | Private Reply | To 1 | View Replies]

To: PubliusMM
Part of the Plan!
Ruin the US
Destroy our relations with our friends.
So, what don't you understand or comprehend?
It's only because we are correct and we truly believe that the US is a great country and others should follow our lead.
20 posted on 10/31/2013 2:09:01 PM PDT by tbird-james
[ Post Reply | Private Reply | To 17 | View Replies]

To: Lazamataz
we are now the biggest proponents of State Command Communism Facists that the world now has.


21 posted on 10/31/2013 2:32:56 PM PDT by Errant
[ Post Reply | Private Reply | To 18 | View Replies]

To: stormhill
Either I misunderstood or we've lost our minds.

You did not misunderstand, this administration is nuts. Communists. Same difference.
To make the world a fair place, everybody else have to make the same mistakes as we are doing.
(Except it's not mistakes, it's deliberate bad decisions to bring down western civilization IMHO.)

22 posted on 10/31/2013 2:34:06 PM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Peter W. Kessler

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.


23 posted on 10/31/2013 2:34:44 PM PDT by SgtHooper (If at first you don't succeed, skydiving is not for you.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Olog-hai
..and challenged the US to “analyze its own economic situation.”

The US is still trying to recover from that analysis.


24 posted on 10/31/2013 2:47:37 PM PDT by justa-hairyape (The user name is sarcastic. Although at times it may not appear that way.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

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


25 posted on 10/31/2013 2:55:58 PM PDT by SeminoleCounty (Fact Is: GOPe want ObamaCare.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

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.


26 posted on 10/31/2013 2:56:25 PM PDT by yefragetuwrabrumuy (Welfare is the new euphemism for Eugenics.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

Because Obama got caught spying on German PM and their PM insults Obama. We must go to snit fit war.


27 posted on 10/31/2013 3:08:03 PM PDT by mosesdapoet (Serious contribution pause.Please continue onto meaningless venting no one reads.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

By the time Obama leaves, North Korea and the Taliban will be our only friends.


28 posted on 10/31/2013 3:37:26 PM PDT by Vince Ferrer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

They just LOVE America again!


29 posted on 10/31/2013 3:48:55 PM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS! BETTER DEAD THAN RED!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tumblindice

But we beat them at Midway.


30 posted on 10/31/2013 4:32:05 PM PDT by 353FMG
[ Post Reply | Private Reply | To 9 | View Replies]

To: jdege

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


31 posted on 10/31/2013 4:35:55 PM PDT by bert ((K.E. N.P. N.C. +12 ..... Travon... Felony assault and battery hate crime)
[ Post Reply | Private Reply | To 3 | View Replies]

To: tumblindice
"I can’t forgive them for bombing Pearl Harbor."

I so agree!


32 posted on 10/31/2013 4:37:55 PM PDT by Smedley (It's a sad day for American capitalism when a man can't fly a midget on a kite over Central Park)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Olog-hai

The current administration sure has improved America’s standing in the eyes of the world, hasn’t it?


33 posted on 10/31/2013 6:11:49 PM PDT by Some Fat Guy in L.A. (Still bitterly clinging to rational thought despite it's unfashionability)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson