Double Dip?

General Buck Turgidson said:
So you pick the strongest economy in the Euro Zone to begin with, which is basically the only country that could possible withstand austerity. And it has neither actually met its austerity goals (not even by half) nor actually cut it's debt (it's actually modestly higher).

It's debt has not decreased and it's economy is stagnating, while the very modest austerity measures it has actually implemented (as opposed to the ones it opposed) threaten to pull the entire Euro Zone into recession.

So, yeah, great example.
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They implemented the austerity measures about 2002/2003. They are now the strongest of the European countries. Do compare them to their spend spend spend counterparts.
 
Superfreak said:
Still waiting for you to show us who was talking about a double dip a 'couple months ago'

Why do you keep avoiding this Jarod?
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I was wrong about it being a couple months ago!

Glad to see you guys finally quit with the inane double dip talk!
 
Jarod said:
I was wrong about it being a couple months ago!

Glad to see you guys finally quit with the inane double dip talk!
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Jarod, there were many well respected economists who talked that there was a possibility of a double dip recession and there was. If someone said they guaranteed a double dip well they would be wrong. But for you to act like only a partisan hack would even think a double dip was an option isn't saying much for you.
 
Superfreak said:
They implemented the austerity measures about 2002/2003. They are now the strongest of the European countries. Do compare them to their spend spend spend counterparts.
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Germany's debt has grown from the 2002 to 2010 period at the same rate as Spain's. Italy's has grown at a slower rate. UK, slightly higher. Ireland, substantially higher. France, somewhat lower. Portugal, somewhat higher. The Netherlands, lower.

So, I'm not seeing the austerity of Germany here. I mean, I'm sure it's not your contention that Spain embarked on an austerity program in 2002 is it? Or Italy? Ir the Netherlands? Or France?

Like I said, there is no austerity success story, particularly coming out of this recession. Not a single one. Hell, you can't even present a success story over the past decade.
 
General Buck Turgidson said:
Germany's debt has grown from the 2002 to 2010 period at the same rate as Spain's. Italy's has grown at a slower rate. UK, slightly higher. Ireland, substantially higher. France, somewhat lower. Portugal, somewhat higher. The Netherlands, lower.

So, I'm not seeing the austerity of Germany here. I mean, I'm sure it's not your contention that Spain embarked on an austerity program in 2002 is it? Or Italy? Ir the Netherlands? Or France?

Like I said, there is no austerity success story, particularly coming out of this recession. Not a single one. Hell, you can't even present a success story over the past decade.
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by all means, link us up to your debt data...
 
And a correction, Portugal's debt increased over the 2002 to 2010 period at a substantially higher rate than Germany. Apologies for the error.
 
Superfreak said:
lol... fine... from now on, if you ask me for data or a link I will point you to google.
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My link was slightly more specific than google. I don't have the particular data set I was looking at but I see that you are smart enough to navigate the Eurostat site yourself to find any relevant data.
 
Superfreak said:
http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=gov_dd_edpt1&lang=en

take a look at the data dearest dung... during the downturn since 2008, Germany is far and away the best.
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Frankly, I'm not even sure what this data shows. In any event, "the best" among a bunch of idiots implementing austerity and while still increasing overall debt isn't really something to be proud of and doesn't refute my statement that austerity hasn't decreased debt anywhere it has been tried.
 
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