Saturday, September 11, 2010

Media Matters Daily Summary 09-10-11

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

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