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Europe
Yet more Germans out of work
2003-03-06
German unemployment has risen to 11.3%, its highest level during the government of Chancellor Gerhard Schroeder. The figure is another embarrassment to Mr Schroeder, who has promised to bring unemployment down. Economy Minister Wolfgang Clement described the latest data as "extremely serious" but rejected speculation that promised tax cuts would be brought forward in order to encourage economic growth. Despite the worsening situation, the head of the German Federal Labour Office, Florian Gerster, promised a significant fall towards the end of the year. But Mr Gerster added the improvement was dependent upon a wider economic recovery in the second half of the year. Whoo, boy! This economy stinks!
Posted by:Fred Pruitt

#5  The gas price was over a dollar a gallon back in 1975.......hence no muscle cars. Like Titus said, we build monster trucks just for fun...piss us off and see what we build!!!
Posted by: Rocky   2003-03-06 22:27:13  

#4  Herr Schroeder:

Economics 101: TANSTAFL

There ain't no such thing as a Free Lunch

This applies to Socialists, too, like gravity.
Posted by: Alaska Paul   2003-03-06 19:12:45  

#3  Well what a surprise. The lesson is: never EVER vote for a Socialist who is promising tax cuts.....'cause it ain't ever gonna happen. It's only gonna get worse for them as we start moving our troops out and they begin to feel the pinch of not having that cash flow.
Posted by: Rex Mundi   2003-03-06 17:36:13  

#2  Germany has higher gasoline prices than us due to taxes, so they should be more able to handle a dollar increase. But a dollar increase is still a dollar increase even if it is only a 20% increase to them. This doesn't help the German economy, they need a decisive ending to Iraq just like we do to have any prospect of getting things started again.
Posted by: Vea Victis   2003-03-06 17:31:20  

#1  Tax cuts would make him look too much like Cowboy Dubya...
Posted by: Ptah   2003-03-06 17:09:35  

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