More tariffs paid by US consumers

[Dill]

(06-12-2019, 08:06 PM)bfine32 Wrote: Saying that the larger economy growing at a higher rate is not a "shred" of counter evidence? 

As to the unemployment: What are talking fractions of a percentage? Our employment numbers are fine and as I've said when you start pointing to those; you're just grasping at straws. Have you ever heard of the term Frictional Unemployment? It's used to combat that wage stagnation that someone else is pointing to. 

I'll admit you guys come up with some whoppers sometimes, but this one may take the cake.  

As I said before, even Trump would agree those two metrics alone would not make an economy "better."  And they CERTAINLY don't prove that the US balance of trade is better than Germany's.

Who thinks that when national economies are ranked by nominal GDP, by quantity, that equates to a ranking of quality, as in healthcare or education rankings? Following your chosen metrics and the logic of your argument, Greece's economy is better than Qatar's because it bigger, and Finland's economy is worse than Bengladesh's because it is smaller.  

Sounds like you have to grudgingly grant Germany's unemployment numbers are better than the US', though we are only talking "fractions of a percentage"--just as the US advantage in "growth," your other metric, is similarly "fractional." Bengladesh is also growing faster than Finland, a country with a smaller GDP. So Bengladesh has a better economy?  Sure, if we separate "society" from "economy" LOL. 

Our disagreement began when I mentioned we might learn something from Germany, since its balance of trade is better than ours and it has better retained manufacturing. I did not claim Germany had a "better" economy. Rather I was posing a question any thoughtful, curious US economist might pose. (Inversely, what sort of economist would say "we can't learn from them because we are bigger!)

But raising questions about the US economy struck you as "ideological" and "socialistic." So you asked in what areas the German economy was doing better.

And you got a direct answer.

But instead of acknowledging the answer, you decided, instead, to refute an argument that had never been made, keeping "subjective quality of life" out of the discussion to "prove" the US economy, like Trump's brain, is BIGGER, "the BEST."  If Germans are good at soccer we can learn THAT from them, but if they are good at keeping manufacturing, we can't learn that from them.  Because WE are THE BEST, not them. LOL.  

Why doesn't that "swing and a miss" "take the cake"?