Conservative media attribute German economic growth to spending cuts that have not yet begun
Conservative media have falsely suggested that Germany's fiscal austerity policies spurred that country's recent economic growth, at times arguing that the United States should therefore have cut spending instead of borrowing to stimulate the economy. In fact, Germany -- which launched stimulus spending and increased the deficit in response to the recession -- has not yet implemented its planned cuts, and economists say Germany's recent improvement is largely due to conditions favorable to its export-based economy. Read More
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen." Samuel Adams, (1722-1803)
Saturday, September 11, 2010
Media Matters Daily Summary 09-10-11
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