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(Bloomberg)   While the Americans continue to flounder and most of the world is on thin ice, Germany's strong economy is single-handedly carrying the EU   (bloomberg.com ) divider line
    More: Cool, Germans, Americans, factory orders, Bundesbank, Infineon, sovereign debt crisis, Volkswagen AG  
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3639 clicks; posted to Main » on 19 Feb 2013 at 8:22 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



47 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2013-02-19 08:28:43 AM  
OK, are we looking for a secret arms buildup in Germany?
 
2013-02-19 08:29:53 AM  
Stupid 1%'ers Germany needs to pay its fair share!!!
 
2013-02-19 08:32:17 AM  
Founder, unless you mean we are flapping around and gasping for breath.
 
2013-02-19 08:36:50 AM  

Deep Contact: OK, are we looking for a secret arms buildup in Germany?


Who needs an arms buildup? They already own the EU through their massive cash infusions. This is why women are better leaders: Who needs to take over the world by force when you can simply make everyone beholden to you economically?
 
2013-02-19 08:39:38 AM  
I, for one, wilkommen our Germanic overlords.
 
2013-02-19 08:40:11 AM  
 
2013-02-19 08:41:25 AM  
It's amazing the difference killing an entire generation of people makes!
 
2013-02-19 08:42:41 AM  
Germany was smart and started deficit spending measures to pull them out of their economic downturn.  I've been told that's the only way to break out of a recession, so it has to be true...

Oh wait, they actually instituted austerity measures and their economy is growing while the others shrink?  I wonder what that's all about?
 
2013-02-19 08:47:23 AM  
It's no secret that Marikka has been sending all of her money back to Germany for years......to get these hot imported barkeepers


i46.tinypic.com
 
2013-02-19 08:50:21 AM  
Whoops, looks like socialism actually needs to be carried on some other economy's back in order to work. Which has been known since the 1920s, when the Soviet Union started plundering Asia and Eastern Europe looking for money to sustain itself, but it never stops the left from believing socialism can work, it just needs some "socially responsible" sucker willing to pour steadily increasing amounts of money down the drain without expecting anything but scorn and hate for its antiprogressive (read: successful) economy in return.

/the US was that sucker for Europe until 2008
//then we tried to climb into the "social justice" cart and ride along, without realizing we were the ones pulling it
 
2013-02-19 09:06:42 AM  

Tomass the Second: Germany was smart and started deficit spending measures to pull them out of their economic downturn.  I've been told that's the only way to break out of a recession, so it has to be true...

Oh wait, they actually instituted austerity measures and their economy is growing while the others shrink?  I wonder what that's all about?


Well, that's different, because Germany is a different nation from Spain and Greece, so you can't expect the same measures to work. Just look at Greece, they instituted austerity measures and they got nothing for it but riots.

/except Greece didn't actually institute austerity measures, they only said they would and then tried to use the fact they promised to do it to get out of doing it
//which shouldn't be surprising, individual Greeks collectively doing the same thing with their taxes is how they ended up in the mess they're in
 
2013-02-19 09:11:15 AM  
Look above your northern border, pants. We're doing the same.

1.bp.blogspot.com
 
2013-02-19 09:13:14 AM  
Did WWII start in the depths of the great depression or on the way back out of it?
 
2013-02-19 09:22:14 AM  

DubtodaIll: Did WWII start in the depths of the great depression or on the way back out of it?


The deflation caused by the Great Depression caused You-know-who to come into power.
 
2013-02-19 09:27:54 AM  

Tomass the Second: Germany was smart and started deficit spending measures to pull them out of their economic downturn.  I've been told that's the only way to break out of a recession, so it has to be true...

Oh wait, they actually instituted austerity measures and their economy is growing while the others shrink?  I wonder what that's all about?


You mean the sort of austerity measures that included a €50 billion stimulus plan? http://www.france24.com/en/20090106-germany-agrees-new-50-billion-eur o -stimulus-plan
 
2013-02-19 09:45:43 AM  

xria: Tomass the Second: Germany was smart and started deficit spending measures to pull them out of their economic downturn.  I've been told that's the only way to break out of a recession, so it has to be true...

Oh wait, they actually instituted austerity measures and their economy is growing while the others shrink?  I wonder what that's all about?

You mean the sort of austerity measures that included a €50 billion stimulus plan? http://www.france24.com/en/20090106-germany-agrees-new-50-billion-eur o -stimulus-plan


Ok, they started out going the wrong direction in 2009-2010, which is when your article was written.  They changed direction and went with austerity, even though all the talking heads and financial writers said that would beggar them. Now they're recovering while the rest of the Eurozone falls deeper into contraction.  I think it's worth considering that instead of the US spending trillions of dollars in stimulus that perhaps we could try austerity and not passing on all this debt to our children.  Feel free to disagree.
 
2013-02-19 09:48:13 AM  

xria: Tomass the Second: Germany was smart and started deficit spending measures to pull them out of their economic downturn.  I've been told that's the only way to break out of a recession, so it has to be true...

Oh wait, they actually instituted austerity measures and their economy is growing while the others shrink?  I wonder what that's all about?

You mean the sort of austerity measures that included a €50 billion stimulus plan? http://www.france24.com/en/20090106-germany-agrees-new-50-billion-eur o -stimulus-plan


Yes, exactly those kind of austerity measures. Apparently you're confused by the article labeling a plan that relies on tax cuts and infrastructure investment (instead of tax hikes and corporate investment) as a "stimulus package" instead of an "austerity measure," so... Mission Accomplished!

/first they mock you
//then they attack you
///then they try to pretend they were your most loyal supporters all along when you win
 
2013-02-19 09:56:57 AM  
Well, this thread fell right off the derp cliff.
 
2013-02-19 09:58:57 AM  
Great. Can they take over paying the first world guilt tax to all the poor countries while the US gets its shiat together?
 
2013-02-19 10:14:33 AM  

Tomass the Second: xria: Tomass the Second: Germany was smart and started deficit spending measures to pull them out of their economic downturn.  I've been told that's the only way to break out of a recession, so it has to be true...

Oh wait, they actually instituted austerity measures and their economy is growing while the others shrink?  I wonder what that's all about?

You mean the sort of austerity measures that included a €50 billion stimulus plan? http://www.france24.com/en/20090106-germany-agrees-new-50-billion-eur o -stimulus-plan

Ok, they started out going the wrong direction in 2009-2010, which is when your article was written.  They changed direction and went with austerity, even though all the talking heads and financial writers said that would beggar them. Now they're recovering while the rest of the Eurozone falls deeper into contraction.  I think it's worth considering that instead of the US spending trillions of dollars in stimulus that perhaps we could try austerity and not passing on all this debt to our children.  Feel free to disagree.


You really should have given up while you were behind, I can do this all day:

http://www.tradingeconomics.com/germany/government-spending

Oops, it is still going up as of the last quarter of 2012, so no evidence of austerity being followed in Germany still.
 
2013-02-19 10:15:06 AM  
We could learn a lot by following Germany's lead.
 
2013-02-19 10:18:12 AM  
You know who else wanted a United Europe?
 
2013-02-19 10:24:48 AM  
The Germans also have a fundamentally different view of capitalism than we do.  For American companies, it's all about profit by any means necessary.  I was reading a book recently about the history of hedge funds.  There was a story where a hedge fund manager was meeting with a German CEO to talk investment opportunities.  The hedge fund manager was shocked that the German company was more focused on sales than profit and that they tended to roll their profits back into the company and often *gasp* gave perks to their employees to keep them happy.  In the words of the hedge fund manager, "they just didn't get it."

Well, maybe they do.
 
2013-02-19 10:26:24 AM  

xria: Tomass the Second: xria: Tomass the Second: Germany was smart and started deficit spending measures to pull them out of their economic downturn.  I've been told that's the only way to break out of a recession, so it has to be true...

Oh wait, they actually instituted austerity measures and their economy is growing while the others shrink?  I wonder what that's all about?

You mean the sort of austerity measures that included a €50 billion stimulus plan? http://www.france24.com/en/20090106-germany-agrees-new-50-billion-eur o -stimulus-plan

Ok, they started out going the wrong direction in 2009-2010, which is when your article was written.  They changed direction and went with austerity, even though all the talking heads and financial writers said that would beggar them. Now they're recovering while the rest of the Eurozone falls deeper into contraction.  I think it's worth considering that instead of the US spending trillions of dollars in stimulus that perhaps we could try austerity and not passing on all this debt to our children.  Feel free to disagree.

You really should have given up while you were behind, I can do this all day:

http://www.tradingeconomics.com/germany/government-spending

Oops, it is still going up as of the last quarter of 2012, so no evidence of austerity being followed in Germany still.


Just google "Germany austerity" and see how many pages of articles come up.  I can't believe you're so incredibly dense.
 
2013-02-19 10:35:33 AM  
If you ask anyone in Southern Europe, Germany is not so much "carrying" Europe as they are sucking the life out of it with their  blood funnel.  Everything's peachy now as the common currency has allowed Germany to export its formerly high unemployment to the South.  It remains to be seen how it will play out. 

Either Southern countires bail out of the currency and Germany's exports plummet, or they stay in and the German taxpayer has to pony up for all the mass destruction.  Personally I think Germany's at its zenith.
 
2013-02-19 10:40:04 AM  
Lots of countries in the EU is doing fine, Germany is one of them.
 
2013-02-19 10:44:50 AM  
Germany is the reason I even have a job right now.
 
2013-02-19 11:01:20 AM  

Tomass the Second: Just google "Germany austerity" and see how many pages of articles come up.  I can't believe you're so incredibly dense.


So they are following a form of austerity when the government keeps spending more money every quarter...okay. Just because a politician says something, doesn't make it reality. Note that most of the articles you are talking about are Germans telling other countries in Europe to cut back government spending, not that Germany plans to do much of that itself, hence:

http://blogs.lse.ac.uk/europpblog/2012/11/26/germany-policy-making-h ar d-times/
 
2013-02-19 11:46:39 AM  

Thats No Moose: DubtodaIll: Did WWII start in the depths of the great depression or on the way back out of it?

The deflation caused by the Great Depression caused You-know-who to come into power.


FDR?
 
2013-02-19 12:24:20 PM  
Tomass the Second:Just google "Germany austerity" and see how many pages of articles come up.  I can't believe you're so incredibly dense.

Dude just stop.  There's been no austerity plan in Germany. They've just shoved austerity down everyone else's throat. The CDU has an austerity plan in their back pocket in case the macro goes South but they won't be showing that hand until the day after elections this Fall.

Germany has done nothing but prime their own pumps economically.  One of the biggest reasons they're doing so well is 15% of the economy is tied to automakers and the great Chinese luxury auto binge was just starting during the 08/09 meltdown.  German automotive stocks are up 350% since then.  It's the most significant sector in their economy but they can't live off the Chinese teat forever.
 
2013-02-19 01:26:16 PM  

Deep Contact: OK, are we looking for a secret arms buildup in Germany?


No need, they've won without firing a shot this time.
 
2013-02-19 01:49:46 PM  

WhippingBoy: We could learn a lot by following Germany's lead.


Americans are too dumb for that.
 
2013-02-19 01:54:15 PM  

sleeps in trees: indarwinsshadow: Look above your northern border, pants. We're doing the same.

Shhhh... Remember, fly under the radar and don't. Draw attention.


Oh how I love Vancouver. I need to get back there.
 
2013-02-19 05:56:54 PM  

Ebbelwoi: If you ask anyone in Southern Europe, Germany is not so much "carrying" Europe as they are sucking the life out of it with their  blood funnel.  Everything's peachy now as the common currency has allowed Germany to export its formerly high unemployment to the South.  It remains to be seen how it will play out. 

Either Southern countires bail out of the currency and Germany's exports plummet, or they stay in and the German taxpayer has to pony up for all the mass destruction.  Personally I think Germany's at its zenith.


? Exported its high unemployment?

So you're saying unemployment was not an issue in those states before? The economies of countries like Greece and Italy were bloated with elderly employees, Nobody has given any of the youth any incentive or mentoring to take over those roles. The civil service is fat the taxes are shaved skinny by people cheating the system, add to that the industries are largely service based and really other than wine and fancy foods and niche fashion markets what do the northern mediterranean states have that they can export?  Not much.

I'm sure the southern europeans blame the germans. Germans arent southern european.
 
2013-02-19 07:25:26 PM  

mikefinch: Ebbelwoi: If you ask anyone in Southern Europe, Germany is not so much "carrying" Europe as they are sucking the life out of it with their  blood funnel.  Everything's peachy now as the common currency has allowed Germany to export its formerly high unemployment to the South.  It remains to be seen how it will play out. 

Either Southern countires bail out of the currency and Germany's exports plummet, or they stay in and the German taxpayer has to pony up for all the mass destruction.  Personally I think Germany's at its zenith.

? Exported its high unemployment?

So you're saying unemployment was not an issue in those states before? The economies of countries like Greece and Italy were bloated with elderly employees, Nobody has given any of the youth any incentive or mentoring to take over those roles. The civil service is fat the taxes are shaved skinny by people cheating the system, add to that the industries are largely service based and really other than wine and fancy foods and niche fashion markets what do the northern mediterranean states have that they can export?  Not much.

I'm sure the southern europeans blame the germans. Germans arent southern european.


Success is just a matter of bloodsucking. Ask any loser, and they'll tell you it's not their fault, the <strike>Jews</strike> Germans are like leeches.

/bet they miss having a Jewish minority to blame now
 
2013-02-19 08:55:06 PM  
.7% growth is now considered a strong economy?
No wonder Obama won.

Under the Bush years, growth was three times that much, and all we heard was doom and gloom.
 
2013-02-19 09:01:43 PM  

spawn73: Lots of countries in the EU is doing fine, Germany is one of them.


And yet, somehow the entire EU is in a recession?

-0.2% EU average 2012

http://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_growth_ra te _%28latest_year%29
 
2013-02-19 09:24:00 PM  

Dwindle: spawn73: Lots of countries in the EU is doing fine, Germany is one of them.

And yet, somehow the entire EU is in a recession?

-0.2% EU average 2012

http://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_growth_ra te _%28latest_year%29


What do you mean somehow?

I said "lots of countries in the EU are doing fine", your list proves that point.

That Italy and Spain is having an recession is hardly news, not to most people anyhow, and well, Greece. Despite their size they don't make stuff look better at least. That's not "somehow", that's something you ought to know.
 
2013-02-19 10:02:07 PM  

Tomass the Second: Germany was smart and started deficit spending measures to pull them out of their economic downturn.  I've been told that's the only way to break out of a recession, so it has to be true...

Oh wait, they actually instituted austerity measures and their economy is growing while the others shrink?  I wonder what that's all about?


Did you make that up? I see no such thing in the mentioned article.
 
2013-02-19 10:02:57 PM  

exit_wound: It's no secret that Marikka has been sending all of her money back to Germany for years......to get these hot imported barkeepers


[i46.tinypic.com image 620x414]


She must be East German.
 
2013-02-19 10:08:06 PM  

Tatterdemalian: Whoops, looks like socialism actually needs to be carried on some other economy's back in order to work. Which has been known since the 1920s, when the Soviet Union started plundering Asia and Eastern Europe looking for money to sustain itself, but it never stops the left from believing socialism can work, it just needs some "socially responsible" sucker willing to pour steadily increasing amounts of money down the drain without expecting anything but scorn and hate for its antiprogressive (read: successful) economy in return.

/the US was that sucker for Europe until 2008
//then we tried to climb into the "social justice" cart and ride along, without realizing we were the ones pulling it


Your comment is ignorant ideologically motivated nonsense.

The Soviet Union was not socialist - it was a poorly run communist dictatorship.

For examples of well run socialist democracies look to Norway, Sweden and Finland. All of them have high standards of living, budget surpluses, and very low rates of crime and poverty.
 
2013-02-19 10:13:40 PM  

Tomass the Second: xria: Tomass the Second: Germany was smart and started deficit spending measures to pull them out of their economic downturn.  I've been told that's the only way to break out of a recession, so it has to be true...

Oh wait, they actually instituted austerity measures and their economy is growing while the others shrink?  I wonder what that's all about?

You mean the sort of austerity measures that included a €50 billion stimulus plan? http://www.france24.com/en/20090106-germany-agrees-new-50-billion-eur o -stimulus-plan

Ok, they started out going the wrong direction in 2009-2010, which is when your article was written.  They changed direction and went with austerity, even though all the talking heads and financial writers said that would beggar them. Now they're recovering while the rest of the Eurozone falls deeper into contraction.  I think it's worth considering that instead of the US spending trillions of dollars in stimulus that perhaps we could try austerity and not passing on all this debt to our children.  Feel free to disagree.


I agree. Since the bulk of the debt was caused by the Iraq and Afghanistan wars lets start by slashing defense spending by 50%. Then end all corporate welfare. Only after doing that should cutting off welfare to the needy be considered - and hitting the needy is what you really want to do isn't it?
 
2013-02-19 11:37:06 PM  
... are things going badly here?
 
2013-02-19 11:37:29 PM  

Tatterdemalian: Success is just a matter of bloodsucking. Ask any loser, and they'll tell you it's not their fault, the <strike>Jews</strike> Germans are like leeches.

/bet they miss having a Jewish minority to blame now


Yup -- the losers always have someone else to blame. Winners only blame themselves. Good troll though, i really felt like i was in the politics tab for a moment.

Next time put more distance between your bloodsucking reference and the word 'jew'.
 
2013-02-20 01:35:47 AM  
collider.com
 
2013-02-20 01:39:04 AM  

socoloco: You know who else wanted a United Europe?


Alexander the Great?
 
2013-02-20 05:19:43 AM  

mikefinch: ? Exported its high unemployment?

So you're saying unemployment was not an issue in those states before? The economies of countries like Greece and Italy were bloated with elderly employees, Nobody has given any of the youth any incentive or mentoring to take over those roles. The civil service is fat the taxes are shaved skinny by people cheating the system, add to that the industries are largely service based and really other than wine and fancy foods and niche fashion markets what do the northern mediterranean states have that they can export?  Not much.

I'm sure the southern europeans blame the germans. Germans arent southern european.


Pre common currency, Germany's unemployed made up over 35% of total EU unemployed.  Over 35%. Gerhard Schroeder lost office because of it.  And that with nearly identical industrial policy which they employ today.  Coincidence?  I think not.  Germany effectively exported its unemployment problem South through the flawed currency mechhanism.  If the Euro disintegrates, a lot of it will come right back.
 
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