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UN Study Knocks Japan And Germany (Praises US)
BBC ^
| 8-31-2006
Posted on 08/31/2006 10:43:50 AM PDT by blam
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1
posted on
08/31/2006 10:43:52 AM PDT
by
blam
To: blam
He added that the German economy grew 0.9% in the second quarter of 2006, its fastest pace in more than five years.
This reads like a scrappleface article or something.
How dare you suggest we're not performing economically! Why, we almost made a percentage point!
2
posted on
08/31/2006 10:46:25 AM PDT
by
Crazieman
(The Democratic Party: Culture of Treason)
To: blam
Everyone needs to lay off the protectionism, as it is teh suck. Free trade produces the best results for all consumers, all the time.
3
posted on
08/31/2006 10:50:19 AM PDT
by
Gordongekko909
(I know. Let's cut his WHOLE BODY off.)
To: blam
IOW, the USA is financing the rest of the world, still.
4
posted on
08/31/2006 10:51:36 AM PDT
by
Just another Joe
(Warning: FReeping can be addictive and helpful to your mental health)
To: blam
If the US goes into recession the whole world is sucking wind. Nothing we havent known for a long time. makes you wonder why they want to attack us economically doesnt it?
5
posted on
08/31/2006 10:52:22 AM PDT
by
sgtbono2002
(The fourth estate is a fifth column.)
To: blam
It's not the shopper's fault, it the government's fault. Quotas and tariffs are bad economics.
6
posted on
08/31/2006 10:53:16 AM PDT
by
Brilliant
To: Crazieman
Well, a sustained growth of 0.9% per quarter would equal 3.65% per year, that's OK-ish for a developed economy.
7
posted on
08/31/2006 10:53:16 AM PDT
by
wolf78
To: blam
With the Japanese and German economies underperforming, the report warns that any big downturn in the US could have serious global repercussions. Duh...
To: blam
Bush's fault !!!!!!!!!!!!!
9
posted on
08/31/2006 10:56:01 AM PDT
by
Forrestfire
(("To educate a man in mind and not in morals is to educate a menace to society." Theodore Roosevelt))
To: <1/1,000,000th%
When the US sneezes the World catches a cold....
10
posted on
08/31/2006 10:57:11 AM PDT
by
Mikey_1962
(If you build it, they won't come...)
To: blam
He warned that America's trade deficit - $160bn (£84bn) in 2005 - needed to be reduced, and that Americans could not continue buying so many foreign goods forever.
If domestic cars would last as long as Japanese cars, I'd want to buy American. If Japanese cars had the styling appeal of domestic cars, I'd want to buy Japanese. There's no winning.
11
posted on
08/31/2006 10:57:26 AM PDT
by
JamesP81
("Never let your schooling interfere with your education" --Mark Twain)
To: Gordongekko909
That probably won't be enough. The Germans would also need to change their habits. The savings quota in Germany is 10% of the income, whereas it's around 0% on average in the US.
12
posted on
08/31/2006 11:00:10 AM PDT
by
wolf78
To: blam
USA carries world economy on it's shoulders.WOW there's a big surprise :) !!!
13
posted on
08/31/2006 11:00:23 AM PDT
by
Obie Wan
To: blam
He added that the German economy grew 0.9% in the second quarter of 2006, its fastest pace in more than five years. I'm so impressed!
14
posted on
08/31/2006 11:07:51 AM PDT
by
Tamar1973
(Don't argue with an idiot; people watching may not be able to tell the difference.)
To: wolf78
The savings quota in Germany is 10% of the income.. Probably because they don't give as much to charity as Americans do.
15
posted on
08/31/2006 11:09:47 AM PDT
by
Tamar1973
(Don't argue with an idiot; people watching may not be able to tell the difference.)
To: blam
If the American economy were to crash big time (1929 stock market crash) the EU may not survive the aftermath.
16
posted on
08/31/2006 11:14:16 AM PDT
by
MinorityRepublican
(Everyone that doesn't like what America and President Bush has done for Iraq can all go to HELL)
To: wolf78
Well, a sustained growth of 0.9% per quarter would equal 3.65% per year, that's OK-ish for a developed economy. "Sustained" being the key word. Here's Germany's annual GDP growth over the past few years:
2002: 0.4%
2003: -0.1%
2004: 1.7%
2005: 0.9%
Add to those dismal stats an unemployment rate of 11-12% and it's easy to conclude that Germany has some serious problems. Taxes and protectionism are two of the most glaring. Some people on FR think that a high rate of personal savings, as measured by the government, and a trade surplus is all that's required to produce a healthy economy.
17
posted on
08/31/2006 12:38:57 PM PDT
by
Mase
To: Just another Joe
We benefit from it, though -- through lower prices, plus consider how many Americans invest in foreign countries and are actually pocketing the proceeds, which in turn create higher-skilled jobs for more Americans.
Wealth is not a global zero-sum game.
To: wolf78
That 0% is a bogus number. It doesn't include any of my savings. Smart Americans put their money in stocks, bonds, 401(k) plans, etc, and some invest in life insurance, when interest rates are as low as they (still) are.
The only thing that goes into that "savings rate" is your checking account and savings account balance at the end of the month.
To: The Old Hoosier
We benefit from it, though -- through lower prices, plus consider how many Americans invest in foreign countries and are actually pocketing the proceeds, which in turn create higher-skilled jobs for more Americans.I agree with your first statement to a degree. I believe we are coming down to the break even line in a hurry though.
The second statement, I'm not so sure that I agree with all of that.
There may be a few that are pocketing proceeds but I'm not so sure that it in turn creates higher skilled jobs for Americans.
After all, the products we are buying are being manufactured in the other country, not America. That means the jobs will be in the other country, not America.
I'm not an isolationist. There must be give and take between countries for us to stay where we need to be.
I just think we are rapidly approaching the line where we need some countries to buy more things from us.
20
posted on
08/31/2006 1:30:35 PM PDT
by
Just another Joe
(Warning: FReeping can be addictive and helpful to your mental health)
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