Friday, September 17, 2010
Otto Armster
Gerhard Anschütz
Martin Albertz
Hans Adlhoch
Wolfgang Abendroth
Monday, September 13, 2010
Where Did They Come From?
Large-scale immigration from German to the United States has not been concentrated in a few decades, like immigration from other countries, but has occurred in many different eras of American and German history. There were German communities in colonial America, and Germans were a significant proportion of all immigrants to the United States throughout the nineteenth century. More than 100,000 people emigrated from Germany to the United States in 1852 and 1952, and in many other years in between. There were fluctuations in the size of the immigration - varying with the conditions in the United States and Germany - but the flow has remained substantial for nearly two centuries. At various periods of history, the flow has been predominately immigrants, at other times refugees. Sometimes the immigrants have been predominately Catholic, sometimes predominately Protestant, and sometimes predominately Jewish. The regional origins of this emigration in Germany have also differed. The net result is German Americans have been a highly diverse group - not only by such usual indications as class, religion, or region, but also differing greatly by how many generations they have been in America.
So it is, then, that leaders of the Jewish community, leaders of the Roman Catholic community, and leaders of the Protestant community in America share roots in Germany.
Keeping America Free and Safe
If you enjoy living in peace and freedom, it is because somebody somewhere worked in past, or is working in the present, to preserve your liberty and security. Wherever citizens of one country enjoy justice, other countries will inevitably attack it. Thomas Sowell writes:
The German military tradition gave the United States some of its leading generals down through history - including those generals who led American armies to victory against Germany in World War I and World War II - Pershing and Eisenhower.
To those names we can add Chester W. Nimitz, who orchestrated American victories in the Pacific during WWII, and Baron von Steuben, who introduced effective training methods and tactics among Washington's troops.
A Harvard Scholar Assesses the Germans
More than twenty-five million Americans are of German ancestry. This is more than for any other ethic group except the descendants of people from the British Isles, who originally colonized the country and who now number twenty-nine million. Germans are the largest group to immigrate to America. They have played important roles in American history, and not merely because of the their numbers. American industry, education, military defense, eating and recreational patterns all reflect the contributions and influence of German Americans. The very language of the country reflects that influence, in such words as kindergarten, delicatessen, frankfurters, and hamburgers. The Conestoga wagons in which American pioneers first crossed the great prairie were created by Germans. So was the Kentucky rifle of the frontiersman. The Christmas tree was a German tradition that became an American tradition. The leading American optical firm - Bausch and Lomb - was created by Germans, as were all of the leading brands of American beer. Suspension bridges and the cables that hold them were both created by a German-American engineer. Iron, steel, automobiles, pianos, lumber, chocolate bars, and petroleum are among the many products in which American of German ancestry were pioneers and dominant figures.
We can give a few specific names to the generalizations above. The Kentucky Rifle first appeared among the German gunsmiths of the 1740's in Pennsylvania; one of the leaders in developing this technology was Jacob Deckard. Among the many brewers are names like Schlitz, Blatz, Busch, Anheuser, Pabst, and dozens of others. Among the military leaders, we find names like Eisenhower, Schwarzkopf, Zumwalt, and others.
Since Sowell wrote this paragraph in 1980, the number of German-Americans has risen to fifty-one million, according to the Census Bureau.
Friday, March 12, 2010
German Economists Ponder Obama's Next Move
Obama is displaying... zeal in his ... war against the financial crisis - and his weapon of choice is the money-printing machine. The rules the new American president is breaking are those which govern the economy. Nobody is being killed. But the strategy comes at a price - and that price might be America's position as a global power.
Will the USA continue to be a strong diplomatic partner for Germany, Austria, and Switzerland? Only to the extent that it can be a strong economic partner. But America may be damaging its own economic abilities:
Larry Summers ... is Obama's senior-most economic advisor, and ... he is a man of conviction. The financial crisis may be large, but Summers' self-confidence is even larger. More importantly, President Barack Obama follows him like a dog does its master.The crisis, Summers intoned last week at a conference of Deutsche Bank's Alfred Herrhausen Society in Washington, was caused by too much confidence, too much credit and too many debts. It was hard not to nod along in agreement.
But then Summers added that the way to bring about an end to the crisis was -- more confidence, more credit and more debt. And the nodding stopped. Experts and non-experts alike were perplexed. Even in an interview following the presentation, Summers was unable to supply an adequate explanation for how a crisis caused by frivolous lending was going to be solved through yet more frivolity.
Summers has no misgivings, and doesn't recognize those held by others. The fact that German Chancellor Angela Merkel recently gave a speech in which she was critical of the US economic stimulus program did not impress Summers. In our conversation, he said he thought Merkel's position was a tactical one. "She only says that out of domestic concerns," he said and rolled his eyes in disapproval.
Americans have now thrown their support behind the debt president Obama. The mistakes of the Obama administration are still not recognized as such. They are seen as the truth.
Germany and the other European nations would like to have an economically strong USA as an international partner. But if America is inflicting damage on its own economy, Europe will back away from cooperation and joint ventures. Economist Steingart identifies five economic errors which need to be corrected. The first mistake is believing that the current financial situation isn't really that bad:
Mistake number one: It's not as bad as it seems. The US amassed much more debt during World War II, it is often said. That, though, is not true. According to conservative forecasts, Obama's policies could end up being three times as expensive as US expenditures during World War II. If one calculates using today's prices, America spent $3 trillion for the war. Obama's budgetary calculations for the decade between 2010 and 2020 assume additional debt of $9 trillion.
The next mistake is creating more debt and failing to trim the bloated budget of the federal government:
Second: It is generally assumed that the money is part of an effort to resuscitate the crisis-plagued economy and is thus serving a good purpose. The truth of the matter is that the bulk of the borrowed money will be used to finance the normal US budget. American borrowing in 2009 comprises about half of Obama's budget. The country is living beyond its means - and it still would have been even if it weren't for the economic crisis.
An additional error lies in the structural need for debt — without massively revising the way America funds both its government activities and private-sector needs:
The third error: Many believe that when the crisis ends, borrowing will automatically fall. The truth is that it could climb afterwards. The graying of American society creates a new fiscal policy challenge for the country that so far hasn't been reflected in any budget plan. According to calculations by the International Monetary Fund, Washington would need to spend several times more than it is now just to service current pension entitlements and the free, state-funded medical care provided to senior citizens. In addition, Obama has promised to introduce healthcare coverage.
Even when we factor in that the total number of uninsured is far less than usually claimed, it represents a massive burden to the economy - a burden which will actually reduce the amount of capital available to invest into the healthcare sector.
All of this is being financed through ever-riskier debt schemes; as the credibility of the US has fallen since Obama's inauguration, other nations are less willing to lend to America:
Fourth: The world believes that the US is borrowing money from capital markets. It is often said that the Chinese and the Japanese will buy government bonds. But the truth of the matter is that trust in the gravitas and reliability of the United States has suffered to such a great degree that fewer and fewer foreigners are purchasing its government bonds. That's why the Federal Reserve is now buying securities that it has printed itself. The Fed's balance sheet has more than doubled since 2007, making the US central bank one of the world's fastest-growing companies. The purpose of this company, though, is to create money out of thin air.
Finally, the debt crisis is now triggering an inflation crisis:
Fallacy No. 5: The additional money is harmless because the economy is starting to pull together again and there is no threat of inflation. The truth is that the quiet on the inflation front is deceptive. The hot money is accumulating in people's savings accounts and in the balance sheets of banks that aren't keen to lend money at the moment. The supply of money has increased by 45 percent in the last three years and there has not been a corresponding rise in hard assets or production. That imbalance will eventually make itself felt in the form of inflation.
These five above-listed mistakes are making themselves felt on the international currency markets:
The dollar, which has already lost ... value against the euro ... , would then devaluate and its reputation would be further diminished. The world's reserve currency could be pushed through the floor by the shockwaves. At that point, those waves would also wash over the rest of the world. Then people would have to look back and say that the means the US used to fight the economic crisis in fact paved the way for a currency crisis.
What will the European leaders do in the face of Obama's economic follies? German Chancellor Angela Merkel has already issued some mild warnings to Obama, but German economists, and the public in other nations like Austria and Switzerland, are asking for firmer tactics:
Germany still hasn't provided its response to the Obama administration's fiscal policy excesses. Perhaps its time for Merkel to take her cue ... The German response to the excesses [should be] refusal and obstinacy ... organiz[ing] a European resistance front the reache[s] from Moscow to Paris.
America may soon face a Europe which is organized against its economic policies. The USA will need change its course if it is to re-earn the respect of our allies.