After 11 years, Germans gave took power away from the Socialist Democrat Party. At a time when President Barack Obama and his minions are yearning for collectivism, socialism and depths of liberalism that Americans have never known or wanted, Germany heads in a new direction with plans to lower taxes and speed-up free market investment.
We have achieved something great," Mrs Merkel told supporters on Sunday night. "We have managed to achieve our election aim of a stable majority in Germany for a new government."It is believed Merkel's new coalition with small government The Free Democrat Party (FDP) has made some promises that may be difficult to keep:
...protect the country's "social market economy" with its mix of capitalism, regulation and a strong social safety net.Nevertheless, the FDP received about 14.6 percent of the vote - the highest in it's history. Guido Westerwelle, the FDB leader may be pegged as Vice Chancellor: The FDP is also expected to win the post of foreign minister, which would likely continue a strong relationship with the U.S. and push for a key economic position, such as finance minister or economy minister, in order to push its tax-cutting agenda.
On Sunday night, Mr. Westerwelle told cheering supporters at a rally in Berlin that he would push for "a fair tax system," with radically simpler tax laws as well as lower income-tax rates.In the meantime, Social Democratic Party (SDP) supporters are in a state of shock with their worst parliamentary showing since the WWII:
...its lowest result in a national election since the fall of the Weimar Republic in 1933, highlighting the decline of one of Europe's oldest parties and a longtime pillar of German democracy. "There's no getting around it. This is a bitter day for Germany's Social Democrats," said Frank-Walter Steinmeier, the SPD's heavily defeated candidate for chancellor.Ironically, it seems the SDP took a few bold, decidedly non-socialist and unpopular steps before Merkel came into office:
Under Chancellor Schröder, an SPD-Green government tried to modernize Germany's stagnating economy with major overhauls including slashing long-term jobless benefits. The changes helped to bring down German unemployment to around 3.5 million today from five million in 2005, but they also undermined the SPD's popularity.It's a sticky venture - that of trying to promote capitalism yet keep socialism alive. By God's grace, may we never go there. Read this blog post from geeeeeZ! who speaks from some inside information.