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Saturday, May 10, 2008

[mukto-mona] Wall Street Journal: Obama promises Germany Plus

http://online.wsj.com/article/SB121038123776782371.html?
mod=opinion_main_commentaries

OPINION

Obama Promises Germany-Plus
By GABOR STEINGART
May 10, 2008; Page A9

When I begin to feel homesick for Germany, I have discovered a cheap
and easy way out. I simply turn on the TV and listen to a Barack
Obama stump speech.

The promised land of universal health care, secure pensions, a lot of
green-collar jobs and stable bridges brings me back to my home
country. My grandma, who has worked in a post office all her life,
enjoys her pension without having ever observed the stock market.
Everyone who travels through the countryside can see thousands of
windmills, but never a collapsed bridge. And the best: My mom, my
friends and everyone around them have access to first-class medical
services.

Sometimes it appears to me that Mr. Obama wants to trump all that. He
has promised not only a $160 billion program for new green-collar
jobs, a higher minimum wage, affordable health care for everybody, a
massive investment in infrastructure and tax-free status for
pensioners who make less than $50,000. All these nice things come
with no tax increase for 95% of Americans. Wow! That's Germany-plus!

I've been in the U.S. for a while, but if I remember my home country
correctly, all the German comforts come with a price. My grandma has
paid 10% of her salary to the public pension system, and her employer
has matched the contribution. For our health insurance everyone has
to sacrifice 7% of his or her earnings, which again is matched by the
company. Fashionable windmills go along with extra taxes for fuel. A
gallon of regular gas in Munich or Berlin costs – fasten your seat
belt – more than $8.

Not all of my fellow Germans are happy with this, but the
overwhelming majority of my fellow countrymen made their decision a
long time ago. They prefer big government. They have learned to live
with growth rates far behind and an unemployment rate far above the
U.S.

Maybe I am being unfair to Mr. Obama. But it seems to me that the
agent of change was window-shopping in Germany without looking at the
price tag. You should ask him for the bill.

Mr. Steingart is the senior correspondent in Washington, D.C., for
Der Spiegel news magazine and author of the "The War for Wealth – The
True Story of Globalization" (McGraw Hill, 2008).


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