Home > posts > Employment Data Vindicates German Rejection of Obamanomic “Stimulus”
October 28th, 2010 5:18 pm
Employment Data Vindicates German Rejection of Obamanomic “Stimulus”
Posted by Print

Consistent with his vision of himself as point guard directing the entire universe, Barack Obama has repeatedly scolded his German counterpart Angela Merkel to pursue more of the Keynesian “stimulus” he prefers.

Today, however, employment data provided the latest vindication of Germany’s rejection of Obamanomics.  Despite the worldwide economic malaise, German unemployment has now fallen to its lowest level in almost 20 years.  Its unemployment rate is now 7.5%, and its total number of jobless fell below the 3 million threshold for the first time since 1992.  Here in the U.S., meanwhile, we’ve now seen the unemployment rate rise from 8.2% when Obama signed his $814 billion “stimulus” in February 2009 to 9.6% today.

Obama loves to lecture campaign crowds that those opposing his agenda are blind to “facts and science,” but this latest data once again proves that he’s the one refusing to acknowledge hard reality.

Comments are closed.