Quote:
JULY 29, 2010, 3:20 P.M. ET

Germany Is Close to Regaining Pre-Crisis Job Levels

BY BRIAN BLACKSTONE

FRANKFURT—German unemployment fell in July for the 13th straight month, putting Europe's largest economy on the brink of a milestone: regaining all of the employment lost during the recession far earlier than many economists expected.

Germany's resilient labor market—aided by government subsidies aimed at keeping workers on payrolls at reduced hours—is in sharp contrast to the U.S. where, despite a much more rapid recovery in output so far, unemployment remains stuck near its recessionary peak.

http://online.wsj.com/article/SB1000...od=rss_economy
Quote:
Merkel Pledges Tax Cuts Despite Rising Deficit

By ANDREA THOMAS

BERLIN -- German Chancellor Angela Merkel defended her plan to cut taxes despite the country's soaring budget deficit as she introduced her conservative alliance's manifesto ahead of national elections in September.

Lower incomes taxes would "provide motivation" and encourage economic growth, Ms. Merkel told a conference of her party, the Christian Democratic Union, and its Bavarian sister party, the Christian Social Union.

"It would be wrong not to do what is right and necessary for growth, and so prevent ourselves emerging quickly from this crisis," Ms. Merkel said in her conference speech.

http://online.wsj.com/article/NA_WSJ...610270209.html
How ironic is it, it was Germany where Obama made his big EU speech when he was running for President. Merkel cut taxes and their economy came roaring back. Obama and the Democrats spent $787 Billion dollars keeping Government Jobs at 4.4% unemployment and look at where we are today. They've nearly doubled the National debt since they took control of Congress in 2007. In 3 short years and sent the debt as a percentage of GDP from 2007 debt as a percentage of GDP was 36.2%. Today it is 63.6% and projected to be 68.6% for 2011. We aboslutely need to get then out of there in November.