Good Wages, Unions and Government Regulation Are The Solutions, Not Causes, of our Economic Woes

[SlimJimmy]

5. I would wait a month or two before I shouted from the rooftops.

The result of all this government interference is that Germany's export-oriented manufacturing economy recovered from the recession and is doing OK, and their workers are paid well and have great benefits. [/div class]

Germany may be on the brink of recession after the sovereign debt crisis caused the economy to contract in the final quarter of 2011.

Europe’s largest economy shrank “roughly” 0.25 percent in the fourth quarter from the third, the Federal Statistics Office in Wiesbaden said today in an unofficial estimate. Economists such as Christian Schulz at Berenberg Bank expect gross domestic product to contract again in the current quarter. A recession is defined as two consecutive quarters of declining GDP.

http://www.bloomberg.com/news/2012-01-11/germany-on-brink-of-recession-as-sovereign-debt-crisis-weighs-on-exports.html
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