David Brooks, now fully repented of his temporary Obamamania catalogs the economic policy failings of this administration by comparing them to the Merkel regime in Germany. Money Grafs:
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.
Essentially when it comes to economic management our leadership has done everything wrong. Every-ever-loving-thing. It may be a new world's record, certainly it wins this year's Fidel Castro Memorial award for the best performance in screwing up an economy category.
This is the same brain dead 'progressive' thinking that turned a sharp recession into a depression that is called "Great" only in America. Boy I'm sure glad he handed out all those FDR histories to his team.
His only problem: he places too much emphasis on consensus. The reason that Scandinavians and Germans didn't make our mistakes this time is because they poked their own eyes out with similarly stupid policies back in the 80s and 90s. Once burned twice shy.
Whats that strange smell you ask? Burning flesh?
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