A little bit of arithmetic

€500 billion = US$679 billion. The USA decided to put US$700 billion in their bailout plan. Are they therefore 700/679 = 1.03 times as daring as the Germans? Well, no, US gross national income is US$13,886.472 billion, while German is US$3,197.029 billion. As percentage of GNI, the German bailout is at 21.2%, while the US one is at a meager 5.0%. Hah, take that, USA! We won!

Now, the really funny thing is: when the US congress finally voted in favor of the bailout, our dear and elected leaders here in Germany assured us that such an act of Rex Kramer-like danger seeking wouldn’t be necessary for us. Oh, how times have changed – and how quickly.

It boggles the mind.

About Daniel Tiggemann

Software-developer living in Cologne, Germany. Was once a physicist, specialized in computer simulations and parallel programming. Now more into JavaScript, web frontend development, and especially mobile computing.
This entry was posted in Politics. Bookmark the permalink.

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