Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I don't think sanrene's Obama bashing thread turned out like sanrene intended.
She did, inadvertently, get people a little more aware that perhaps there is value in looking at European Countries, to see what does and does not work. There are several we can learn from. It would, however, mean we would have get over our penchant to think only we can do things best. We obviously do not. That ego centric attitude does not serve us well.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,752,651 times
Reputation: 3587
Quote:
Originally Posted by sanrene
as it should be, as a normal, traditional recession/recovery USUALLY does. What is the difference between their healthy recovery and our risk-of-a-double-dip?
A tale of two different solutions to a common, global financial/fiscal meltdown...and which one has PROVEN to be the better solution?
Germany seems to think our approach has been all wrong - and they're right. Germany seems to think the "multiplier effect" the US uses is all wrong - and they're right again.
Let these two diametrically opposed solutions to the same problem be a lesson for those Keynesian advocates - this is just a long list of examples of why that philosophy doesn't work.
Germany already has many stimulus type programs that are automatically kicked into place when the economy slows down. Things like unemployment and other programs are automatic. They do not need to do artificial stimulus to jack up their economy.
I find it funny how some Republicans are celebrating Germany's actions just because they disagreed somewhat with what Obama proposed. As a lefty, I wish we had Germany's economic policies. They are far to the left of the U.S.A.
Why are Republicans turning this into a gloat fest?
Germany already has many stimulus type programs that are automatically kicked into place when the economy slows down. Things like unemployment and other programs are automatic. They do not need to do artificial stimulus to jack up their economy.
They were seriously considering a massive obama-type stimulus, before they came to their senses.
They were seriously considering a massive obama-type stimulus, before they came to their senses.
The whole point is that they already have stimulus programs in place when the economy slows down. If we had Germany's policies, you would call them Communistic.
The whole point is that they already have stimulus programs in place when the economy slows down. If we had Germany's policies, you would call them Communistic.
And heaven forbid Obama or Democrats in Congress try to get the country to adopt such policies! Saving automobile companies from collapse was too much "socialism" for the righties to endure.
I also admire the German way of handling their economic crisis, particularly companies reducing work hours but retaining employees, rather than having mass layoffs. Don't hold you breath for Republicans to ever propose such things.
They were seriously considering a massive obama-type stimulus, before they came to their senses.
So instead they hopped on the Obama-urged and Fed-backed trillion dollar rescue plan to snuff out the Greek and Euro problems. Coming to their senses, indeed...
Germany did have a Stimulus package. A big reason why their efforts were successful as quickly as they were, is due to their Corporate entities. Their Corps recognize the value and need to keep people employed as much as possible. They cut down hours and Executive pay to avoid as many layoffs as they could. The combination of their Stimulus and National feeling of cooperation between people, Business and Govt, result in a quicker turn around. It is that cooperation, that was key and something completely absent in the US.
Thanks you for pointing this out. A major difference between the United States and Germany is the German government has a national economic policy which they formulate in cooperation and with input from labor, and corporate interest. In other words EVERYBODY IS ON THE SAME TEAM. You also pointed out that SHARED SACRIFICE was made by labor, government and corporations. That is also a critical difference. Americans don't want to run their country like this. In America individual interest are more important than group interest and even national interests.
The Germans approach their national economic policy as win-win situation. America is a winner take all society.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
