Canada’s liberal-left will surely be sending a team of crack liberal nanny-state entitleists to figure out how Germany’s socialist government has managed to create a situation where double-digit unemployment is now the norm.
The liberals here would no doubt solve the problem by increasing unemployment insurance benefits so nobody suffers while sitting on the couch at home watching government-backed TV shows and movies on state-run TV.
German jobless rate at new record
More than 5.2 million Germans were out of work in February, new figures show.
The figure of 5.216 million people, or 12.6% of the working-age population, is the highest jobless rate in Europe’s biggest economy since the 1930s.The news comes as the head of Germany’s panel of government economic advisers predicted growth would again stagnate.
Speaking on German TV, Bert Ruerup said the panel’s earlier forecast of 1.4% was too optimistic and warned growth would be just 1% in 2005.
“Do something!”
The growth warning triggered anger even from government supporters, who said the Social Democrat-Green administration of Chancellor Gerhard Schroeder had to do more.
“We are not going to create more jobs with growth of 1%,” Harald Schartau, head of the Social Democrats in the northern state of North Rhine-Westphalia, told ZDF television. […]
PTBC was founded by Mr. Johannesen in 2000.
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