Politics from the Palouse to Puget Sound

Sunday, August 15, 2010

German Economy Growing At 9% Annual Rate

Germany adopted precisely the opposite economic strategy that Barack Hussein Obama steered us onto. And they're getting precisely the opposite results.

Germany has sparred with its European partners over how to respond to the financial crisis, argued with the United States over the benefits of stimulus versus austerity, and defiantly pursued its own vision of how to keep its economy strong.

Statistics released Friday buttress Germany’s view that it had the formula right all along. The government on Friday announced quarter-on-quarter economic growth of 2.2 percent, Germany’s best performance since reunification 20 years ago — and equivalent to a nearly 9 percent annual rate if growth were that robust all year.

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