Comment

Why I Left the Right, Exhibit A

227
Killgore Trout12/07/2009 10:49:33 am PST

re: #187 RogueOne

(A.) None of them “propped” them up anywhere near the amount we decided on. When the Germans and the Chinese tell you that “maybe you should be a little more conservative with your spending” then probably you should put the check book down a little bit.
(B.) Those countries that didn’t pour good money after bad are the ones leading the recovery, not us.

China

In recent months, the government has unveiled a 4 trillion yuan ($586 billion) stimulus plan and a 850 billion yuan ($124 billion) to expand and revamp an inadequate health care system.

Germany

The largest stimulus package in postwar German history — and the second such package since the start of the current financial crisis — was passed on Friday by the German parliament’s lower house, the Bundestag. The bill calls for €50 billion in public investments, tax breaks and even cash handouts to junk old cars.

US

The American Recovery and Reinvestment Act of 2009 distributes the $787 billion

Based on the relative size of the economies involved their stimulus spending is about the same as our. Don’t let that interfere with the mindless repetition of libertarian talking points.