Glen Hiemstra writes on futurist.com: “For a long time I have said that many of our policies in the U.S. seem, to me, to be the opposite of what is actually needed to revive the economy and build a better future. Recent evidence from Germany, which is in fact doing pretty much the opposite of the U.S., suggests this view might be valid. From a blogger named brooklynbadboy:
1. Germany faced a budget crisis to which they responded by substantially raising taxes on the wealthy and holding the line, not cutting, spending.
2. Germany then faced the financial crash by increasing debt, increasing taxes, and investing those funds in infrastructure, increased social spending, and tax cuts for things like an extensive (far bigger than ours) national cash for clunkers program.
3. Germany then dealt with the employment crisis by not laying people, but instead cutting hours. Then they made … read on.”