Please take the time to read. Why does Germany has it so much better than the US? They’re beating us with one hand tied behind their back and they are doing the exact opposite of what the Republicans want the US to do. I call it fact verses folly. The European Union, 27 member nations with a half billion people, has become the largest, wealthiest trading bloc in the world, producing nearly a third of the world’s economy (with Germany having most of it) — nearly as large as the US and China combined. Europe has more Fortune 500 companies than either the US, China or Japan. Unemployment in the US has lessened since Obama took office, but when Americans have jobs, we work much longer hours than our peers in Germany. Before the recession, Americans were working 1,804 hours per year versus 1,436 hours for Germans — the equivalent of nine extra 40-hour weeks per year. Germany has some lessons and models that might make life a lot more livable. Germans have six weeks of federally mandated vacation, free university tuition, and nursing care. But you’ve heard the arguments for years about how those wussy Europeans can’t compete in a global economy. You’ve heard that so many times, you might believe it. But like so many things, the media repeats endlessly, it’s just not true even with some member countries in economic trouble It’s not China but Germany, that colossus of European socialism, that has either led the world in export sales or at least been tied for first. Even as we in the United States fall more deeply into the clutches of our foreign creditors — China foremost among them — Germany has somehow managed to create a high-wage, unionized economy without shipping all its jobs abroad or creating a massive trade deficit, or any trade deficit at all. And even as the Germans outsell the United States, they manage to take six weeks of vacation every year. They’re beating us with one hand tied behind their back.
Posted on: Mon, 15 Dec 2014 14:06:41 +0000
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