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Archive for November 28th, 2010

I got that one right…

Sunday, November 28th, 2010

Back in September of 2009 I posted the following:

German voters decide to deal with their economic downturn by electing a right of center majority that plans to cut taxes in order to stimulate economic growth.
According to Bloomberg, voters rejected the plans of the “Social Democratic challenger to raise taxes on top earners.”
I’m betting that their plan will work better than our Dear Leader’s socialist fantasies.

Let’s take a look at how that actually turned out. According to the BBC:

“Germany’s economy minister Rainer Bruederle has given an upbeat assessment of his country’s recovery, including the assertion that full employment will soon be possible. He said that Germans were doing well and spending again, and that domestic consumption was strong. Data released this week showed German business confidence at a 20-year high.”

Mean while, here in the US with our Dear Leader and his democrat party running the Executive and Legislative branches of the federal government, we have had a shocking high employment rate, a lackluster recovery (and that is being generous) and continuous tax payer funded payouts to that have not been designed to spur growth, but to reward democrat supporters. We have real unemployment rate hovering around 15% and the democrat lame duck congress looking to extend unemployment benefits beyond 99 weeks.  If they had actually done anything to actually boost the private sector economy, that extension wouldn’t be necessary.