Euro economic picture pretty sad compared to U.S.

heartsurgeon

Diamond Member
Aug 18, 2001
4,260
0
0
All this Bush-Bashing about the economy..
first the liberals were ranting that the economy is crappy..well, they've stopped singing that tune...now it's all about the "jobless" recover (well at least they admit a recover is happening)

well, take a look at the economies of Europe as an example...
German Unemployment Rises, Factory Orders Slump
Euroweenie Union GDP figures with comparison to U.S. and Japan
Canadian unemployment at 7.4% (included because of honorary Euroweenie status)
French GDP -
French Unemployment at 9.7%

compared to all the other "western european" economies, we are far and away the healthiest...
 

Dissipate

Diamond Member
Jan 17, 2004
6,815
0
0
Originally posted by: heartsurgeon


compared to all the other "western european" economies, we are far and away the healthiest...

That's only because our socialism happens to be less than their socialism. We still have HUGE room for improvement. What I find ironic is that liberals want to increase socialism, thus putting the U.S. in the same position as European nations with high unemployment and a crappy economy. On the same note Republicans do too but in the form of nationwide military socialism where the U.S. provides military services to nations for free. I would like to emphasize that neither party is fiscally responsible (as much as the parties want to claim they are fiscally responsible, government expenditures as a % of GDP has not gone down when either party controlled Congress). I hope this is becoming apparent with Bush's huge deficits.
 

XZeroII

Lifer
Jun 30, 2001
12,572
0
0
Originally posted by: Dissipate
Originally posted by: heartsurgeon


compared to all the other "western european" economies, we are far and away the healthiest...

That's only because our socialism happens to be less than their socialism. We still have HUGE room for improvement. What I find ironic is that liberals want to increase socialism, thus putting the U.S. in the same position as European nations with high unemployment and a crappy economy. On the same note Republicans do too but in the form of nationwide military socialism where the U.S. provides military services to nations for free. I would like to emphasize that neither party is fiscally responsible (as much as the parties want to claim they are fiscally responsible, government expenditures as a % of GDP has not gone down when either party controlled Congress). I hope this is becoming apparent with Bush's huge deficits.

The deficit was mainly caused by economic contraction. Not increases in military spending.
 

Dissipate

Diamond Member
Jan 17, 2004
6,815
0
0
Originally posted by: XZeroII
Originally posted by: Dissipate
Originally posted by: heartsurgeon


compared to all the other "western european" economies, we are far and away the healthiest...

That's only because our socialism happens to be less than their socialism. We still have HUGE room for improvement. What I find ironic is that liberals want to increase socialism, thus putting the U.S. in the same position as European nations with high unemployment and a crappy economy. On the same note Republicans do too but in the form of nationwide military socialism where the U.S. provides military services to nations for free. I would like to emphasize that neither party is fiscally responsible (as much as the parties want to claim they are fiscally responsible, government expenditures as a % of GDP has not gone down when either party controlled Congress). I hope this is becoming apparent with Bush's huge deficits.

The deficit was mainly caused by economic contraction. Not increases in military spending.

Before launching the war in Iraq the Bush Administration was, to say the least, circumspect about the projected cost. After the bombs began to fall they announced that our initial tab would be $75 billion. But these expenditures are just the first installment; they do not include reconstruction of the Iraqi infrastructure or that illusory concept, nation-building.

Uh huh
 

alphatarget1

Diamond Member
Dec 9, 2001
5,710
0
76
socialism at its best.

who wants to buy a people's car when it breaks so often :p of course no one besides dumb college blondes buying their jettas :p
 

ReiAyanami

Diamond Member
Sep 24, 2002
4,466
0
0
yeah, the euro weenies economy sucks so much, i still can't figure how the Euro appreciated over 50% against the dollar (from .8 to 1.25:$1) in just a few years

their governments like to tax businesses out of existence but they are still doing a better job of balancing the budget than we are.

well if you want ultimate socialist comparison, take china whose economic growth is the fastest in the world.
 

Red Dawn

Elite Member
Jun 4, 2001
57,530
3
0
Well personally I haven't a probelm with Bush regarding the economy at this time because I don't beli8eve that he is responsible for it6. In fact for the most part I believe that Congress has more to do with the economy than any President. Because I believe this I don't gi9ve Clinton the credit for the great economy during his terms. I will gladly give the credit to the Republican Congress just as I now blame the Republican Congress for our economic woes today!
 

XZeroII

Lifer
Jun 30, 2001
12,572
0
0
Originally posted by: Dissipate
Originally posted by: XZeroII
Originally posted by: Dissipate
Originally posted by: heartsurgeon


compared to all the other "western european" economies, we are far and away the healthiest...

That's only because our socialism happens to be less than their socialism. We still have HUGE room for improvement. What I find ironic is that liberals want to increase socialism, thus putting the U.S. in the same position as European nations with high unemployment and a crappy economy. On the same note Republicans do too but in the form of nationwide military socialism where the U.S. provides military services to nations for free. I would like to emphasize that neither party is fiscally responsible (as much as the parties want to claim they are fiscally responsible, government expenditures as a % of GDP has not gone down when either party controlled Congress). I hope this is becoming apparent with Bush's huge deficits.

The deficit was mainly caused by economic contraction. Not increases in military spending.

Before launching the war in Iraq the Bush Administration was, to say the least, circumspect about the projected cost. After the bombs began to fall they announced that our initial tab would be $75 billion. But these expenditures are just the first installment; they do not include reconstruction of the Iraqi infrastructure or that illusory concept, nation-building.

Uh huh

I don't understand how that contradicts what I am saying.
The deficit was mainly caused by economic contraction. Not increases in military spending
 

Red Dawn

Elite Member
Jun 4, 2001
57,530
3
0
Originally posted by: LordMagnusKain
inflation: the ultimate progressive tax.

all that growth in china is in what they have free markets.
Free to pirate and produse counterfiet prodicts!

 
May 10, 2001
2,669
0
0
Originally posted by: Red Dawn
Originally posted by: LordMagnusKain
inflation: the ultimate progressive tax.

all that growth in china is in what they have free markets.
Free to pirate and produse counterfiet prodicts!

don't forget exploit political prisoner slave labor while destroying the environment;
 

dmcowen674

No Lifer
Oct 13, 1999
54,894
47
91
www.alienbabeltech.com
Originally posted by: heartsurgeon
All this Bush-Bashing about the economy..
first the liberals were ranting that the economy is crappy..well, they've stopped singing that tune...now it's all about the "jobless" recover (well at least they admit a recover is happening)

well, take a look at the economies of Europe as an example...
German Unemployment Rises, Factory Orders Slump
Euroweenie Union GDP figures with comparison to U.S. and Japan
Canadian unemployment at 7.4% (included because of honorary Euroweenie status)
French GDP -
French Unemployment at 9.7%

compared to all the other "western european" economies, we are far and away the healthiest...

"compared to all the other "western european" economies, we were far and away the healthiest"

Fixed your quote for you.

 

digitalsm

Diamond Member
Jul 11, 2003
5,253
0
0
Originally posted by: heartsurgeon
All this Bush-Bashing about the economy..
first the liberals were ranting that the economy is crappy..well, they've stopped singing that tune...now it's all about the "jobless" recover (well at least they admit a recover is happening)

well, take a look at the economies of Europe as an example...
German Unemployment Rises, Factory Orders Slump
Euroweenie Union GDP figures with comparison to U.S. and Japan
Canadian unemployment at 7.4% (included because of honorary Euroweenie status)
French GDP -
French Unemployment at 9.7%

compared to all the other "western european" economies, we are far and away the healthiest...


The thing is, european countries are looking towards the longterm future. They will be alot better off than they are now in 15-20 years. Not saying they will be better off than the US though. It all depends on what happens.
 

freegeeks

Diamond Member
May 7, 2001
5,460
1
81
I couldn't care less about your little statistics as long as I have my 40 days of paid vacation!!!!
 

AEB

Senior member
Jun 12, 2003
681
0
0
I dont think they will be better, because they really cant act as independant bodies anymore. If one country makes a really bad move the value of the euro could fall all over. As to the question of why the euro is "worth" more is simply because there is a lot more US dollars in the world economy than the EURO. But i wager our dollar is still worth more in russia, conversion rate means little to most people, its the usefulness
 

freegeeks

Diamond Member
May 7, 2001
5,460
1
81
Originally posted by: AEB
I dont think they will be better, because they really cant act as independant bodies anymore. If one country makes a really bad move the value of the euro could fall all over. As to the question of why the euro is "worth" more is simply because there is a lot more US dollars in the world economy than the EURO. But i wager our dollar is still worth more in russia, conversion rate means little to most people, its the usefulness

yeah right

In july I'm going to Russia on vacation. The Russian organisation that takes care of my reservation doesn't want your stinking dollars anymore.

from their site


News:

January 8, 2004. - Price correction of 11-day tours. From now all prices are in Euro.
US Dollar purchasing power dramatically falls in Russia. Since March 2003 we considered Euro equal to US Dollar in most cases and accepted US$ payments accordingly, but now we can not ignore the process.

All prices and payments since January 1, 2004 are in Euros. Any other currency characters may be seen on the web site and in our correspondence by mistake only. Sorry for the possible confusion we are hunting for bugs in our templates but still have some misprints.


so far for your little theory
 

XZeroII

Lifer
Jun 30, 2001
12,572
0
0
Originally posted by: freegeeks
Originally posted by: AEB
I dont think they will be better, because they really cant act as independant bodies anymore. If one country makes a really bad move the value of the euro could fall all over. As to the question of why the euro is "worth" more is simply because there is a lot more US dollars in the world economy than the EURO. But i wager our dollar is still worth more in russia, conversion rate means little to most people, its the usefulness

yeah right

In july I'm going to Russia on vacation. The Russian organisation that takes care of my reservation doesn't want your stinking dollars anymore.

from their site


News:

January 8, 2004. - Price correction of 11-day tours. From now all prices are in Euro.
US Dollar purchasing power dramatically falls in Russia. Since March 2003 we considered Euro equal to US Dollar in most cases and accepted US$ payments accordingly, but now we can not ignore the process.

All prices and payments since January 1, 2004 are in Euros. Any other currency characters may be seen on the web site and in our correspondence by mistake only. Sorry for the possible confusion we are hunting for bugs in our templates but still have some misprints.


so far for your little theory
You: What's your point
Me: Just out of your grasp
 

sandorski

No Lifer
Oct 10, 1999
70,085
5,618
126
Originally posted by: heartsurgeon
All this Bush-Bashing about the economy..
first the liberals were ranting that the economy is crappy..well, they've stopped singing that tune...now it's all about the "jobless" recover (well at least they admit a recover is happening)

well, take a look at the economies of Europe as an example...
German Unemployment Rises, Factory Orders Slump
Euroweenie Union GDP figures with comparison to U.S. and Japan
Canadian unemployment at 7.4% (included because of honorary Euroweenie status)
French GDP -
French Unemployment at 9.7%

compared to all the other "western european" economies, we are far and away the healthiest...

Most of these statistics are moot, since the US and Europe calculate Unemployment numbers differently. That's why the US Unemployment rate can drop along with a loss of Employment.

BTW, Canada has been producing Jobs at the rate that the US has needed, yet failed, to produce Jobs. Canada's Federal Government continues to operate with a Budgetary Surplus, maintained a Trade Surplus despite a much stronger $CDN, has Low Inflation, and has not used the same extreme low Interest Rates Policy as the Fed.
 

heartsurgeon

Diamond Member
Aug 18, 2001
4,260
0
0
"compared to all the other "western european" economies, we were far and away the healthiest"
can't you read..the german economic article is from TODAY....unemployment UP, factory orders DOWN...

I couldn't care less about your little statistics as long as I have my 40 days of paid vacation!!!!
The Euroweenie vision of socialist economic success..

take china whose economic growth is the fastest in the world.
totally not comparable..standard of living is not equivalent to "western" countries, no comparable workers rights, protections, enviro concerns, wages, you name it..super cheap labor force and no restrictions on how the job "gets done"..that is speciafically why i stated "western european" style economy.

Canada has been producing Jobs at the rate that the US has needed, yet failed, to produce Jobs
might i point out unemployment in canada is 7.4% - this would cause riots in this country.



 

Shad0hawK

Banned
May 26, 2003
1,456
0
0
Originally posted by: ReiAyanami
yeah, the euro weenies economy sucks so much, i still can't figure how the Euro appreciated over 50% against the dollar (from .8 to 1.25:$1) in just a few years


their governments like to tax businesses out of existence but they are still doing a better job of balancing the budget than we are.

well if you want ultimate socialist comparison, take china whose economic growth is the fastest in the world.


so in other words, europe is better off than we are despite what reality shows? i look burying my grandmother during the summer after the US becomes a socialist country because the great socialist government cannot afford air condiitoning like our european bretheren.

but i suppose all those old people dying makes less of a strain on the economy, look at the money france is saving not having to keep them alive...

i agree china's economy is growing, their experiment with capitalism seems to be paying off does'nt it?

but in the end it does not matter, the value of the euro is the important thing!

:D




 

sandorski

No Lifer
Oct 10, 1999
70,085
5,618
126
Originally posted by: heartsurgeon
"compared to all the other "western european" economies, we were far and away the healthiest"
can't you read..the german economic article is from TODAY....unemployment UP, factory orders DOWN...

I couldn't care less about your little statistics as long as I have my 40 days of paid vacation!!!!
The Euroweenie vision of socialist economic success..

take china whose economic growth is the fastest in the world.
totally not comparable..standard of living is not equivalent to "western" countries, no comparable workers rights, protections, enviro concerns, wages, you name it..super cheap labor force and no restrictions on how the job "gets done"..that is speciafically why i stated "western european" style economy.

Canada has been producing Jobs at the rate that the US has needed, yet failed, to produce Jobs
might i point out unemployment in canada is 7.4% - this would cause riots in this country.

The US Unemployment rate is likely very close to Canada's, if the US used the same definition of "Unemployed". The US only Calculates for those looking for work, Canada and Europe Calculates according to whom is Employable.
 

Jmman

Diamond Member
Dec 17, 1999
5,302
0
76
Originally posted by: sandorski
Originally posted by: heartsurgeon
"compared to all the other "western european" economies, we were far and away the healthiest"
can't you read..the german economic article is from TODAY....unemployment UP, factory orders DOWN...

I couldn't care less about your little statistics as long as I have my 40 days of paid vacation!!!!
The Euroweenie vision of socialist economic success..

take china whose economic growth is the fastest in the world.
totally not comparable..standard of living is not equivalent to "western" countries, no comparable workers rights, protections, enviro concerns, wages, you name it..super cheap labor force and no restrictions on how the job "gets done"..that is speciafically why i stated "western european" style economy.

Canada has been producing Jobs at the rate that the US has needed, yet failed, to produce Jobs
might i point out unemployment in canada is 7.4% - this would cause riots in this country.

The US Unemployment rate is likely very close to Canada's, if the US used the same definition of "Unemployed". The US only Calculates for those looking for work, Canada and Europe Calculates according to whom is Employable.


Not true, Canadas unemployment is flat out higher than ours. You can maybe eliminate a small fraction of the difference, but that is it.....

link


Anyway, the International Labour Organisation publishes standardized unemployment figures for everyone, and the EU is vastly higher than the US even when the same standard is applied......
 

heartsurgeon

Diamond Member
Aug 18, 2001
4,260
0
0
one last little problem for those of you who now curse the "stinking dollar"

a strong Euroween (the official currency of the Euroweenie Union), makes Weenie goods and services more expensive abroad.
This will hurt the balance of trade, will result in decreased demand for Euroweenie products.

Hope you have a job when you get back from your forty days of vacation
 
Aug 14, 2001
11,061
0
0
You have to admit, 40 days of vacation sounds damn nice.

However, lots of Europeans like to characterize Americans as lazy...yet these same Europeans get insane vacation time. Interesting.
 

sandorski

No Lifer
Oct 10, 1999
70,085
5,618
126
Originally posted by: Jmman
Originally posted by: sandorski
Originally posted by: heartsurgeon
"compared to all the other "western european" economies, we were far and away the healthiest"
can't you read..the german economic article is from TODAY....unemployment UP, factory orders DOWN...

I couldn't care less about your little statistics as long as I have my 40 days of paid vacation!!!!
The Euroweenie vision of socialist economic success..

take china whose economic growth is the fastest in the world.
totally not comparable..standard of living is not equivalent to "western" countries, no comparable workers rights, protections, enviro concerns, wages, you name it..super cheap labor force and no restrictions on how the job "gets done"..that is speciafically why i stated "western european" style economy.

Canada has been producing Jobs at the rate that the US has needed, yet failed, to produce Jobs
might i point out unemployment in canada is 7.4% - this would cause riots in this country.

The US Unemployment rate is likely very close to Canada's, if the US used the same definition of "Unemployed". The US only Calculates for those looking for work, Canada and Europe Calculates according to whom is Employable.


Not true, Canadas unemployment is flat out higher than ours. You can maybe eliminate a small fraction of the difference, but that is it.....

link


Anyway, the International Labour Organisation publishes standardized unemployment figures for everyone, and the EU is vastly higher than the US even when the same standard is applied......

Very good link, but it doesn't quite support either of our positions fully. ;)

Perhaps the usage of "very close" was premature(certainly not supported by your link, though not disproved either), it would however be closer(as the link proves). How much closer is difficult to say for certain, as the link shows that Canadians have been trending to Job Search methods that would drop people off the "Unemployment" statistics of the US.

There is also the issue of that link only using statistics up to 1995, which is quite ancient history for Canada. At that time Canada was still struggling to acheive Fiscal Surpluses(IIRC we were just acheiving it then or the next fiscal year). Along with those Surpluses Canada's GDP outgrew the G7 for a number of consecutive years.