DOW down over 800 points as world markets fall.

You don't know anything about this subject.

 

Says somebody online when the most recent GDP report showed a growth of over 2% and unemployment at 3.7%.

Yeah, I know nothing about the subject.

 

We're in agreement then.

See ya.

 

You can not get a comparable blue collar education in the US, if you want to match that, you have to spent a ton of money.
The US GDP depends on consumption, which is mostly financed, consumer debt and services. The German GDP on industrial output, less on services and even less on consumption and consumer debt is 1/3 of the US.

 

I agree 3.7 % is considered full employment but we still have close to 96 Million working age 16 to 64 year olds sitting out the full employment.

 

Ohh, please! You are making it sound like in the US an electrician or a plumber is somehow inferior to German one.

All good points, and yet the US GDP per capita is considerably higher than that of Germany. Most world inventions and R&D is coming from the US. Look at Justin Bieber - when he was young he claimed the US is bad and Canada is good because of healthcare and social safety nets. Guess where he lives now?

Numbers don’t lie.

 

The global downturn has everything to do with Trumps idiotic economic policy. His loyalists, such as yourself, will deny it to their graves, but it won't change the facts.

 

Your opinion. Growth is predicted to continue but just not as fast.

 

What do you call considerable
US 54,541, on the credit card
Ger 47,501, not on the credit card.

Justin Bieber, who is he ?.

It is the social network of Germany which provides the stability, which allows a small country like it to be such a industrial power house.
That social system is a joint venture between industry and Federal State.
The social system is not just first class affordable healthcare, SSI, Retirement, payed vacations, it is free education, too, from grade school to university and everything in-between.
How close is this joint venture ? Give you an example.
When in 2008 the world economy collapsed, Industry and Fed Government worked to gather, to keep the highly trained blue color workers on the job. They stayed on the job, did short shifts, the Fed Government covered the extra cost, Billions. Created the 1 Euro jobs, the industry payed 1 Euro and the Fed the rest. When the world economy recovered, the German industry was ready to go, all they had to do go back to the regular shift schedual. All the workers were there, with up to date skills.
In the US the big lay offs. The industry struggled to find the workers it had layed of, they had moved and if they were not any more up to date and their skills rusty. That's why the recovery was slowed down.
In Germany they just went back to normal, within month.
That investment by the Fed Government payed of, billions. Nearly 10 years of surpluses. Not just Federal surpluses, States, Cities and Counties and the social programs, health insurances, SSI, Retirement and so on. Billions.
That country is so freaking flush with money and on top of it has reduced its debt below 60% of GDP.
Now they are fighting over the balanced budget law. By law, in an emergency, they can do 3% debt. It would be a good time because Germany can get money with negative interest rates, it would get payed for its loans.

 

Still, almost 15% higher.
And your credit card nonsense doesn’t make sense. US debt to itself is about 1/5 of total debt. So with public debt of 78% of GDP the US lives on a credit card, while Germany’s debt of 60% is not on a credit card?
Are you effing serious?

 

And yet, can never catch up to Canada, the US or Australia in terms of economic performance.

 

US debt is at the present 118% of GDP

 

And how much of it is one part of government owing to another? Look it up.

 

US Federal debt 118%, Germany 55%. Germany is actually reducing its debt and still produces each year billion in surpluses.
While the US is increasing its debt, each year, has no surplus and just pays interest on its debt.
That's a credit card minimum payment. 8,000 is the difference on the per capita GDP, the US does it on credit card, while Germany pays its bills with profits.
Same when it comes to private household debt, 20% higher in the US, all on the credit card.
Your proud per capita is a hollow figure.
Remember I live in the US, I have actual personal experience, 30 years of it.
Have to remind you again, ain't the kiddo.

 

If Canada and Australia get even close to the GDP volume of Germany, let me know, even combined.

 

US debt does not affect my household. And our taxes are lower.
You are the one grasping for straws.
If Germany was so great it would have caught up to the US. If it was as great as you describe it would probably have the highest GDP per capita in the world.

 

Their economies are more efficient.

 

Germany is not the Greates, never claimed that, but they do some very important things right and we in the US could learn something from it.
Like a law demanding a balanced budget and taxation to make it possible.
Or a Bismarck health system. Or cap medication prices, or procedure prices, free education and so on, while the Fed is making a profit and everybody, too.
Your per capita does not cut it and the higher taxation neither.
The US debt affects your household, because the US can not afford any more any service to its folks, it can not afford mayor infrastructure investments, how many billions are needed ? How are the roads and interstates in Chicago.
Last time I came through there it felt like a dirt road in the Reservation, last year. Hauled 10 heads of horses to the East coast, going 40 because of the road conditions.
I know out of pride you will not admit it, but the US is outright broke.

 

My average highway speed is 80mph. While roads within Chicago are of 3rd quality, highways in the area are good.
You lied about 40mph, I drive quite a bit once in a while and never have to go this slow unless I’m in some construction zone.


If you don’t believe me, then read this article and tell me - how could these criminals run from cops with speeds of 120mph when you couldn’t accelerate above 40? Someone is lying here, and I bet it’s not the cops in that article.
http://www.politicalforum.com/index...er-teens-with-him-were-charged-with-m.560257/

 

No it does not.
I have a job that provides benefits, I don’t need the government to do it for me. I have good healthcare and education.

 

efficiency which does not produce money, make a profit, is worthless, do you get it now.
Germany can afford to be less efficient, its worker can take a 30 day payed vacation and all the other crap, because they actually produce a profit. US workers do not get all those goodies, are more efficient as you call it but produce a whooping deficit. How much do you want US worker work, to produce enough revenue for the Feds to have a surplus, 60 hours or 80 hours a week and naturally no payed vacations, or payed sick days and so on.

 

The private sector workers don’t work for the government. They are not producing profits for the feds, they produce profits for their private employers and are being rewarded for it better than the German workers.
Federal government is not a for profit organization.

As for US workers not producing anything of value - do you realize that if it wasn’t for the US workers you wouldn’t even be able to read this message?
Germany produces some items, that’s true, but their presence in global economy is not even a shadow of the US presence.

 

Your benefits are payed by your employer, they are part of your income and if you loose this job, you loose them, gone. Be a humble and nice employee. Because on the free market, self employed you could not even afford a health insurance. What you call good health, I call a joke.
What does it cost you for the whole family, 100%, no deductible, meds, eye, dental, no co-payments. Platinum it is called in the US.

 

It’s no different than a tax. Whether the funds go from paycheck to government or to insurance is no different. Self employed have options too - I was there myself and managed to find good deals.
As for loss of job - I had a lapse in employment last year and immediately was covered by IL health insurance, all free. I was also getting unemployment. Again, it seems to me you have no idea what you are talking about.

 

The private sector employees produce income for the Feds with the tax they pay, that is the revenue stream of the government.
BS, every Government has to be a profit orientate organization, so it has the money to built infrastructure, repair it, innovate it, provide, defend.

American workers have no idea how greatly German workers are rewarded, especially blue color

You forget, again, I know both systems. Luckily I am a employer, has its draw backs, but hell no I would never be an employee in the US.