By Max Rugemer | Monday, July 26th, 2010 at 3:47 pm
The US economy has been devastated by misguided federal policy, while Germany’s industrial power has grown. Germans have not forgotten how “Made in Germany” has been a constant path to wealth for their economy & have reisted the Marxist destroyers who want the successful to support the world’s 3rd world FAILURES. Americans are seeing their country’s economy pillaged to give industry to Red China, chaotic Mexico & the 3rd World in general. You can’t employ a huge population without substantial manufacturing.
The cruel resulting impact on our unemployed citizens who want to work is one negative result, but the impact on national security is also critical. You can’t maintain an effective defense force if you can’t manufacture your own weapons. Think about WW II where 1 German Tiger tank had to face 20 US Shermans because of America’s industrial might. Today, a replay would have as many Tigers as Shermans which would mean a huge number of dead Americans.
The Malaysian business journal MYsinchew reports:
As German beast awakens, so will the grumbling
Germany’s economy is fast returning to health, but thanks mainly to exports, leaving Chancellor Angela Merkel open to a fresh barrage of criticism from other countries, economists say.
On Friday the closely watched Ifo survey of around 2,500 companies showed sentiment in Europe’s biggest economy surging at its strongest rate since the reunification of East and West Germany in 1990….
But the surprisingly robust rebound is thanks in large part to Germany’s export prowess, something that has been a bone of contention between Berlin and its international partners, not least the United States and neighbour France….
German Chancellor Angela Merckel strengthened their economy with 80 billion euros (103 billion dollars) in government spending cuts. Meanwhile, the Obama administration continues to spend as if money grew on trees, a sure path to driving investment capital from our shores and increasing unemployment.
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Tags: Angela Merkel, Economy, exports, German economy, Ifo survey, spending cuts