Of all people, Merkel is the voice of reason
Barack Obama is actually so crazy about his asinine economic witchcraft, even the Old Europeans are scared to death of him.
It appears that the only people in the world that believe spending like blind drunks is going to break us out of this mess reside in the Obama administration. Increased spending can help an economy recover, but the use of money you don’t have to run up massive deficits as you spend frivolously on projects that don’t even start for years is just a cloak and dagger power grab/redistributionist policy.
Its clear that Obama does not even care about the economic reality on the ground. Hell, its really the best thing that could have happened to him. Now he has a cover story for his transformative policies. This is where getting roped into class warfare gets a nation. Drowning in debt, leaders leading lynch mobs against executives, job losses, frantic, pointless law writing, and partisan hackery without regard for the nation. Against card check in Mexico? Check. Against card check in the US? No can do.
Its too bad liberals won’t learn anything from this.
Chris said,
March 31, 2009 at 4:36 pm
The Germans et al. want to avoid possible hyperinflation, but alas, risks are needed to revive the world’s fiscal situation. More people need to learn from Japan in the 1990s, a country which made one mistake in their fiscal crisis: not spending enough. Still, the deficit spending they did do not only partially alleviated their massive recession but also gave them the infrastructure they are now so famous for.
Leaders getting jittery is to be expected when such big figures are flying around, but we, as a species, need to for once learn from history and stop doing things half-assed.