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That's in large part because the US is one of the most populated countries in the world. We manufacture more than Germany and Japan because we have a much larger population than them. The population of the US is about four times that of Germany and 2.5 times that of Japan. Chart of Manufacturing Output from 2000 to 2010 by Country at Curious Cat Investing and Economics Blog When you measure manufacturing output per capita, Germany and Japan have a higher level of output.
None of which changes the fact that the US is one of the top manufacturers and exporters on the planet.
LOL ya my sister mothers brother aunt uncle...umm sister ya ya that's it came here 120 yrs ago.
Funny people like you would probably be the 1st to scream and call the police if someone steps foot on your property....heck you should just let illegals live in your house.
"Put up or shut up"....you like open borders then YOU pay for all the crap that's coming across....I didn't think so.
I don't care WHEN they came, over, WHENEVER it happened, the people here looked down upon them the way YOU look down upon the current crop of immigrants. The Irish for example were considered "dirty", "lazy" and "dishonest".
Regarding "open borders" - I NEVER said I like "open borders" - clearly you lack comprehension skills. I just don't believe that ANY group of people are "sh*t". The fact that YOU believe that a particular group of people are "sh*t' says nothing about that group of people but REAMS about YOU.
The US debt today - as a percentage of GDP - is LESS today than the debt in 1945.
The INTEREST on the debt today - as a percentage of the US budget - is LESS today than the interest on the debt during the REAGAN administration.
We survived both 1945 and the ultra-high debt payments of the Reagan administration - and we'll survive this as well. The Deficit has ALREADY been cut by 1/3 from it's peak in 2009 and is still FALLING.
Ken
Wow so our debt to GDP ratio is better today than it was RIGHT AFTER WE FOUGHT AND FUNDED THE BIGGEST WAR IN THE ENTIRE HISTORY OF MANKIND..?
Of course spending all that money winning WWII with an intact manufacturing infrastructure meant that we could dominate the global economy for the next 40 years. Pretty good deal.
But I doubt spending only -slightly- less to bail out a few globalist banks, fund another subprime mortgage bubble and shore up the nation's vital $100K+ public union retirement funds will turn out as great.
Of course we'll still end up in better shape than dying Europe as it clings to a 19th century socialist ideology that even Russia and China have dumped, but that's not saying much...
Cause Europe seems to have embraced the full genocidal austerity measures. Here in the United States we have the Wall Street wing of the democratic party in power led by Obama so he wants the same level of killer cuts but he will do it through a slow death by a thousand cuts so the austerity won't cause as much resistance.
Wow so our debt to GDP ratio is better today than it was RIGHT AFTER WE FOUGHT AND FUNDED THE BIGGEST WAR IN THE ENTIRE HISTORY OF MANKIND..?
Of course spending all that money winning WWII with an intact manufacturing infrastructure meant that we could dominate the global economy for the next 40 years. Pretty good deal.
But I doubt spending only -slightly- less to bail out a few globalist banks, fund another subprime mortgage bubble and shore up the nation's vital $100K+ public union retirement funds will turn out as great.
Of course we'll still end up in better shape than dying Europe as it clings to a 19th century socialist ideology that even Russia and China have dumped, but that's not saying much...
You can think what you want, but history has SHOWN that debt the size of our current debt is DEFINITELY managable - especially when the deficit is ALREADY falling, tax revenues are rising, US manufacturing is rebounding, and we're on the verge of becoming the largest energy exporter on the planet.
Trade has helped us, and we are not the Socialistic mess the EU have become. We have lower debt to GDP than most European nations, making us the best nation on earth to deal with.
None of which changes the fact that the US is one of the top manufacturers and exporters on the planet.
As I said, US manufacturing is FAR from dead.
Ken
My point was that manufacturing is stronger in Japan and Germany than it is in the US because manufacturing output per capita is stronger in those countries. Also, even though Germany has a quarter of our population, their exports exceed ours, meaning that they export, on a per capita basis, four times what the US exports. List of countries by exports - Wikipedia, the free encyclopedia
I also wonder how much of the US manufacturing output is related to the Defense industry. Many defense contracts require manufacturing to occur in the US for national security reasons. Given that defense related manufacturing doesn't actually improve the living standards of citizens but is actually used to destroy or threaten destroy things and/or people (and the US already has plenty of capacity to do those things), I think that such production of is arguably less beneficial to society.
I think there's a naive simplicity in the OP. As already noted, Europe is composed of different countries with different economic situations. The US has a tendency to bail out banks and investment holders with money it doesn't have. Other countries (like those here in Europe) don't necessarily agree with this tactic. Living off the stock market (rather than having a real job) is not so valued here in Europe. Making money comes from making business, not from playing stocks.
In addition, the level of violence we see in the US is unprecedented. Shootings are becoming a monthly event in the US.
And, believe it or not, some people still value putting their money away, rather than spend, spend, spend.
The owners of WalMart have more money than (iirc) 60% of american families put together. Nothing to brag about there. That's not a "success." On the contrary...
So I don't see the US as so "spotless and shiny," and I'm an American.
(And BTW, starting wars in order to stimulate the economy is not my idea of a "strong country.")
You can think what you want, but history has SHOWN that debt the size of our current debt is DEFINITELY managable - especially when the deficit is ALREADY falling, tax revenues are rising, US manufacturing is rebounding, and we're on the verge of becoming the largest energy exporter on the planet.
Ken
The real problem is we also have the SS and the Medicare/ Medicaid unfunded liabilities to manage also with an aging population. Rational liberal immigration policies would help.
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