HN user
Download the Opera browser. Turn on Opera Turbo - it is (as I understand it) some of the same technology as Opera Mini, but for the desktop - increased speed and less bandwidth. (The turbo icon is a speedometer on the bottom of the screen)
The article is trying very hard to imply that Obama is an anti-capitalist who, by wanting to shut down all privately owned companies in the US would, if he could, have stopped the innovation needed for the rescue.
It is ridiculous, but that is why he is only alluding to it - if he were to spell it out, the insanity would be too obvious.
(but I did learn a bit about the operation and the technology used in the operation, and for that I am grateful)
German taxes as a percentage of GDP is 39.3%. The US number is 28.2%. Government income should be about the same as government expenditures, so that means that the German stimulus was even bigger than the number in my previous comment. http://en.wikipedia.org/wiki/List_of_countries_by_tax_revenu...
The funnt thing is that Germany had a BIGGER stimulus than the US. Look at the data of real government consumption of goods and services, it has risen more in “austerity” Germany than in the United States.
Quarter Gemany US
2007Q4 100.0 100.0
2008Q1 100.4 100.6
2008Q2 101.5 100.8
2008Q3 101.7 102.2
2008Q4 102.5 102.9
2009Q1 103.6 102.5
2009Q2 104.2 103.8
2009Q3 105.1 104.0
2009Q4 104.8 103.9
2010Q1 106.9 103.8
2010Q2 107.3 104.5
Source: http://krugman.blogs.nytimes.com/2010/08/28/angela-and-the-f...