No it isn't true. Germany is doing about as good as anyone else and much better that us. They have strong unions and the government didn't allow all the outsourcing that we see in the USA. Germany also didn't spend anywhere near the money, comparatively, as we did on corporate welfare. Too big to fail is BS. Too big to fail should mean too big to exist. Germany has mandatory paid vacation, minium wage, and other programs that support the working class. WE should have bailed out the working class and broken up AIG and the too big too fail group. No way that we can get out of this without a strong working class.