Wednesday, September 08, 2010

Obama 0, Germany 1

In the Wall Street Journal, Dr. Lawrence White, professor of economics at George Mason University, writes:
Earlier this summer George Soros and some leading Keynesian economists criticized what they regarded as Germany's overly strict fiscal discipline. Yet Germany's real output expanded at a robust 9% annual rate in the second quarter, while the U.S. economy grew at an anemic 1.6% rate.
In contrast with Germany and its successful recovery, Pres. Obama took the advice of Soros and the Keynesians and created record-breaking deficits:

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