ImWithStupid
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In April we had this...
Now we have this headline...
France and Germany tell Obama that they won't try to spend their way out of a recession, and they get out, but the US who does try to spend it's way out of a recession, is still in a recession.
Probably too soon to make a decision.
Euro-Socialists to Obama: Cool It on SpendingA few days after Obama?s column ran in newspapers around the globe, including in the Czech Republic?s Lidove Noviny, Czech premier Mirek Topolanek termed Obama?s spending policies the ?road to ****.? German Prime Minister Angela Merkel rebuffed Obama?s pleas for more spending programs. French Prime Minister Nicolas Sarkozy didn't pledge any new domestic stimulus.
Republicans in Line with France and Germany on Stimulus | The ProgressiveIt?s odd, but the Europeans are lining up with the know-nothing Republicans on the central question of the hour: which is how to revive the global economy.
Now we have this headline...
France, Germany return to growth in 2nd quarter - Yahoo! NewsFrance, Germany return to growth in 2nd quarter
By PAN PYLAS, AP Business Writer Pan Pylas, Ap Business Writer 2 mins ago
LONDON ? Government programs to support the auto industry helped Germany and France return to economic growth in the second quarter, rebounds that stoked hopes the recession in the wider 16-country euro area may also end sooner than thought.
Europe's two biggest economies each saw growth of 0.3 percent from the previous three-month period, surprising analysts' expectations for equivalent declines and technically ending their worst recession in decades.
The French and German increases marked a stunning turnaround from the previous quarter, when Germany shrank by a massive 3.5 percent and France contracted by 1.3 percent.
France and Germany tell Obama that they won't try to spend their way out of a recession, and they get out, but the US who does try to spend it's way out of a recession, is still in a recession.
Probably too soon to make a decision.