Here is one good take on today’s election. My view of the bottom line? Most Germans are sick of Schroeder, and ready to vote for someone else, but they run to third parties. Wessis still have cultural inhibitions about voting for Ossis, even though they won’t admit to it in public. We don’t yet know which coalition is most likely, but go to the excellent Medienkritik site for updates. Here is another good source.
Combine this with the electoral results from New Zealand and you get a simple hypothesis: we don’t have better economic policies because voters don’t want them.