They told me if I voted for John McCain, we’d have a reactionary president who refuses to follow the lead of Europe on the key issues of the day…and they were right!
The American stimulus package was supposed to create a “summer of recovery,” according to Obama administration officials. Job growth was supposed to be surging at up to 500,000 a month. Instead, the U.S. economy is scuffling along.
The German economy, on the other hand, is growing at a sizzling (and obviously unsustainable) 9 percent annual rate. Unemployment in Germany has come down to pre-crisis levels.
Or as Mark Steyn presciently wrote in October of 2008, “Lots of other places — from Britain to Australia — took a hit in 1929 but, alas, they lacked an FDR to keep it going till the end of the Thirties. That’s why in other countries they refer to it as “the Depression,” but only in the U.S. is it ‘Great.'”
Update: At the Washington Examiner, Tom Blumer has good news and bad news. The good news? “‘Recovery Summer’ has been found!” — The bad news? “It’s in Germany.”