- The German economy continues to suffer under high taxes, heavy government regulation, highly unionized manufacturing, and social spending:
"Unemployment in Germany is already at its lowest level since the country reunified in 1990 but the buoyant economy is poised to drive down jobless lines further, with the rate seen at 6.9 this year and 6.5 percent in 2012."
- Meanwhile, American Reaganomics continues to work its magic:
"JPMorgan Chase & Co. (JPM) gave Chief Executive Officer Jamie Dimon a 51 percent raise in 2010 as the bank resumed paying cash bonuses following two years of pressure from regulators and lawmakers to curb compensation.
"Dimon's $23 million compensation package makes him the highest-paid chief executive among the top six U.S. banks since 2007, according to the banks' proxy statements.
"Unemployed? All you gotta do is go out there and start your own J.P. Morgan. Just get yourself out of that food pantry line and become CEO of a bailed-out bank! Aren't you glad you don't live in Germany?"
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