Germany's economy: It still goes upward.

[ekrem]

For first time since re-unification with Eastern-Germany, Germany now has less then 3 Million unemployed. = 7% of total workforce. Exactly 2.945 Million people which are still unemployed.
Experts say, that in 2012 unemployed will be less then 2 Million.
Economy will be growing 3.4 % this year.
Ausblick: Experten rechnen mit weniger als zwei Millionen Arbeitslosen - SPIEGEL ONLINE - Nachrichten - Wirtschaft

There are still 401.000 jobs available in the economy which have not been occupied.
Job-Markt: Firmen haben über 400.000 Stellen zu vergeben - SPIEGEL ONLINE - Nachrichten - Wirtschaft

Several experts say, that in 2012 it is possible to come under 2 Million unemployed, which would represent an unemployment of 5% of total workforce.

 

[ekrem]

Germany's largest market research institute, and the fourth largest market research organisation in the world, GFK
- wages rose in 2nd quartal 2010 by 2.8%
- fear of loosing jobs is over, it is expected that Germans will begin to consume
Konsumklima auf Drei-Jahres-Hoch

 

[ekrem]

German Export in-front of record
Export vor Rekord | Wirtschaft | Deutsche Welle | 19.10.2010

President of Exporter's Association says, that export will grow by 16% in 2010.
In 2011 it is expected that German exports will break the psychological barrier of 1 Trillion €.

That's all coming from workers in high-wage country.

EDIT: Not $, but €.

 

[ekrem]

Germany will this year export 937 Billion €
AFP: Export-Rekord von mehr als einer Billion Euro fr 2011

That's about 30 Billion € more then the nominal GDP of India.
(On Link is $ value, but it is about 30 Billion € less then German Exports)
Economy of India - Wikipedia, the free encyclopedia

 

[Trajan]

yes, and-

see my other thread...

 

[iamwhatiseem]

But wait...they didn't take Obama's advice and made spending CUTS instead of spending like a drunken sailor.
And...and...they lowered taxes on businesses...WTF???

 

[Trajan]

yup and....7.5% unemployment..

http://www.usmessageboard.com/europe/139286-german-unemployment-dips-to-18-year-low-in-october.html

 

[germanguy]

But wait...they didn't take Obama's advice and made spending CUTS instead of spending like a drunken sailor.
And...and...they lowered taxes on businesses...WTF???

Not quite right.
During the banking crisis, German govt. put all german banks under an large umbrella, so that practically lot of banks are government owned. Also, the state declared, that it guarantees the savings of all citizens in banks (and we are talking about some trillions).
There was a large state program for investments in the infrastructure etc.
So, Germany did practically the same as the US.

The difference is, that our housing market did not collapse and that the german industry still is very middle-class based, and very inventive. Also, the job-market was reformed (by socialists - the social democrats-imagine!) and liberalized.

Therefore, we are still producing cars, machines and other high-end stuff people around the globe want to buy.
Unlike the British, Germany never has neglected it´s industrial base.

So, at the very moment, it is harvest time.

IMHO, the US has not a problem called Obama, it has a structural problem.

The industrial base is melting away (look at Detroit and Ohio) and lots of jobs were lost there.
I do not have an in-deep knowledge of the US economy, but it seems to me, that a lot of things you can buy in the US are not necessary worth to export. I remember the washing machine my aunt in Detroit had - to me it was third world tech, compared to a Miele or a Siemens.
So, instead blaming Obama, the US industry should get it´s stuff together and should start to produce things wanted and sold abroad.

Regards
ze germanguy

 

[Madeline]

Germanguy! Ain't seen you in a dog's age. How the hell are ya?

Happy Halloween, germanguy! Must be nice to celebrate this holiday near the Black Forest.

 

[editec]

The German government is one of the oldest semi-socialist societies on earth.

Basically the German government understands that is duty is to the German people.

So comparing that government to ours is pretty much impossible.

 

[Luissa]

But wait...they didn't take Obama's advice and made spending CUTS instead of spending like a drunken sailor.
And...and...they lowered taxes on businesses...WTF???

Place like France and Germany have a lower tax rate for corporations, even though they make them provide health insurance(France). They tax them less because what they provide for the worker and citizen, so the government can spend less.
Germany provides health insurance, very cheap colleges, and focus on learning a trade. A mother can also take longer maternity leave, and both countries have longer vacation leave.

 

[Luissa]

One thing that germany did, which Hitler also did(Hitler is an evil person). Instead of laying off the worker, they let them stay working, but at less hours. The government paid the wages they missed as a full time employee. It kept the factories open, and the middle class alive.

 

[editec]

When I was a kid, Lusissa, automation was thought to be a boon for all of us.

We really did expect that as mankind's technology advanced as the work load lightened, we'd ALL SHARE in that newfound wealth.

People really were thinking about how to live with a 20 hour week.

But what happened is different.

Some people simply got laid off, and the profits from productivity went to the owers of the factories.

In fact, instead ofr my generation working less than my fathers, it turns out that on average, those of us with job actually ended up working about 200 hours MORE a year than our fathers did.

Meanwhile a whole underclass of people whose jobs were automated, became part of the economic underpinnings of the underclass.

I'd say that roughtly 10% of the population is economically unviable.

That percentage will continue to go up as technology makes their job skills worthless.

We don't share the wealth in this nation because we have no social mechanism in place to do that.

The only mechanism in mankind's tool kit to do that is government.

That's exactly why the GOP so loathes government.

 

[iamwhatiseem]

But wait...they didn't take Obama's advice and made spending CUTS instead of spending like a drunken sailor.
And...and...they lowered taxes on businesses...WTF???

Not quite right.
During the banking crisis, German govt. put all german banks under an large umbrella, so that practically lot of banks are government owned. Also, the state declared, that it guarantees the savings of all citizens in banks (and we are talking about some trillions).
There was a large state program for investments in the infrastructure etc.
So, Germany did practically the same as the US.

The difference is, that our housing market did not collapse and that the german industry still is very middle-class based, and very inventive. Also, the job-market was reformed (by socialists - the social democrats-imagine!) and liberalized.

Therefore, we are still producing cars, machines and other high-end stuff people around the globe want to buy.
Unlike the British, Germany never has neglected it´s industrial base.

So, at the very moment, it is harvest time.

IMHO, the US has not a problem called Obama, it has a structural problem.

The industrial base is melting away (look at Detroit and Ohio) and lots of jobs were lost there.
I do not have an in-deep knowledge of the US economy, but it seems to me, that a lot of things you can buy in the US are not necessary worth to export. I remember the washing machine my aunt in Detroit had - to me it was third world tech, compared to a Miele or a Siemens.
So, instead blaming Obama, the US industry should get it´s stuff together and should start to produce things wanted and sold abroad.

Regards
ze germanguy

Wait a minute...you mean to tell me you guys actually kept industry in-country rather than ship jobs overseas to make more money for stockholders? (I'm being obtuse)

 

[ekrem]

Place like France and Germany have a lower tax rate for corporations, even though they make them provide health insurance(France). They tax them less because what they provide for the worker and citizen, so the government can spend less.
Germany provides health insurance, very cheap colleges, and focus on learning a trade. A mother can also take longer maternity leave, and both countries have longer vacation leave.

If you mean with colleges the universities... It is a new practice, some Federal States now want 500€ for a semester for an education on State Universities . Not all federal states want that money, it is usually those Federal States governed by the Christian Democrats and the Liberals.
Federal States governed by center-left parties like Rheinland-Pfalz don't demand any fees, University education is completely free there.

If you don't have that money, the State will finance it for you.
If you come from a family which has 3 or more children, then the State will not demand a fee. The State assumes, that a family with such number of children has already enough obligations.

Then, there is something called BAFOG. Which means State assistance for students whose parents have a mid to low income. I don't know how much BAFOG currently is, but in my time, I received about 250 € a month from state.
125€ was sponsorship, 125 € was cheap credit.

BAFOG is split into meeting of life-costs and financing of a house.
If I wanted at that time, the State would also have financed me a house, but I stayed with my parents at that time.

When I was student, the semester fee did not exist. It's a new practice.

Long live Germany.

 

[ekrem]

In the semester breaks I went jobbing in Sindelfingen at Mercedes production facilities. I was in the production of SL class.
In 7 weeks you got about 4.200 € cash, I did not have to pay any income taxes as I was student.
At that age, I felt like the KING with that money.

 

[editec]

But wait...they didn't take Obama's advice and made spending CUTS instead of spending like a drunken sailor.
And...and...they lowered taxes on businesses...WTF???

And they ALSO paid businesses to REDUCE HOURS for workers rather than FIRING some workers and making the others pick up the slack.

Of course doing that here would be tantamount to creeping socialism.

In Germany it's just considered good policy since it prevented widespread unemployment.

Did we consider that?

No, of course not.

We were spending our funds to keep the Banksters employed

 

[uscitizen]

Hey if we keep trying the same old thing it will have to work sometime won't it?

 

[ekrem]

Vorsprung durch exports
(A step a head through exports)

G-7 economies in the past decade.
Economics focus: Vorsprung durch exports | The Economist

THE euro zone may be limping, but its largest member is sprinting.
Germany (...)

 

[Mr. Sauerkraut]

General queston to the usmb members

WILL
THERE
EVER
BE
A
DISCUSSION
ABOUT
ANYTHING
IN
GERMANY
WITHOUT
DOING
A
TWIST
TO
HITLER?!