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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (144088)	9/13/2010 1:00:06 PM
From: Mary Cluney	Read Replies (1) \| Respond to of 541761

<<<Advocates of traditional stimulus measures, like increased government spending or tax cuts, rely on recovery models rooted in, respectively, the 1930s and 1980s. >>> Germany provides a good example. They have extremely high labor costs but they maintain a healthy export surplus. How do they do it? One reason is that they spend a very large amount of tax payer money (they are also heavily taxed) on social and welfare programs. Their companies can be more competitive because their workers are protected by government expenditures on health care, education, and unemployment insurance.