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Tuesday, July 05, 2005

German Productivity- Nein!!

I will try to take a break (say a week) from knocking France. I will instead go after the Germans. Germany has massive deficits from Social Security, unemployment and other social programs (though they have very low military expenses-which I would like to change by pulling bases and troops out of there!). However, they tax the crap out of the successful businesses and individuals thinking they can increase revenues without killing the "golden goose" of business.

Fom Nico Wirtz in Tech Central:

After a brief period of relative success, Germany again finds itself at the bottom of Europe's economic ladder. For 2005 and 2006, Germany's economic output is projected to be the lowest of all 25 EU member states. With projected economic growth rates of 1.5 percent for 2006, Germany will continue to lack in economic performance. This is even more striking when compared to growth projections for 2006 for the United States (3 percent) and the EU average (2 percent).

Boo Hoo! They are less obnoxious than the French but are following the same idiotic economic policies (also pushed by America's Democrats).

I apologize for the knock on the French. I promise no more this week.

3 Comments:

At 6:36 PM, Anonymous Anonymous said...

> Germany again finds itself at the bottom of Europe's economic ladder. For 2005 and 2006, Germany's economic output is projected to be the lowest of all 25 EU member states

Er, what is "economic output"? If it is goods & exports (what else could it be?), then Germany is in fact the top country in Europe and the second or third in the world, concerning exports and export surplus. German companies are going from export record to export record. While, on the other hand, "healthy" England doesn't even make cars anymore: they are becoming a deindustrialized service sector country. What I want to say: if you say "economy" in Germany is bad, please specify the yard stick. It's bad in some respects (specifically unemployment an GDP) but quite competitive in terms of making stuff (industry). Healthy England, and to a degree the US, aren't nearly as healthy as they seem because it's health based on soft factors: sercice sector, consumption, bubble in the housing market etc.

 
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