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BFD. The reason for tariffs is NOT to reduce prices but to bring production (jobs, capacity) home. (Don't take some British newspapers' word for it - most of th
by giardini 9mo ago
BFD. The reason for tariffs is NOT to reduce prices but to bring production (jobs, capacity) home. (Don't take some British newspapers' word for it - most of them are extremely anti-Trump - and they're really, really good at tabloid journalism.
Our economy remains robust (down jackets moving like mad in Minneapolis) and the number of native-born Americans and legal aliens working is higher than ever. Illegal aliens are either heading for the door or being pushed out the door.
USA increased payroll employment (+584,000 jobs in 2025). Unemployment rate has decreased to 4.4%. We show gains in food services, healthcare, and social assistance, but retail trade has declined (necessarily). The labor market is stabilizing and expanding more slowly than before. Private payrolls have risen an average of 43,000 jobs/month over the past six months. Wage growth eased and average hourly earnings are up 3.8% over the past year.
We're much better off and it is showing: the US economy grew by 4.3% in the 3rd quarter of 2025, while Germany's GDP grew by 0.2% for the year. The German economy is so far down, some websites quit updating website statistics years ago, e.g.:
https://georank.org/economy/germany/united-states https://georank.org/economy/germany/united-states
The Kiel Institute may be trying to draw German voters' eyes away from their government's poor economic policies, e.g.,
"Germany’s economy is so bad even sausage factories are closing"
https://www.economist.com/europe/2026/01/15/germanys-economy-is-so-bad-even-sausage-factories-are-closing https://www.economist.com/europe/2026/01/15/germanys-economy...
Of course that is another "tabloid" journal of the British strain. Told you they're really, really good at feeding the flames with their journalism.
[Strains of Carly Simon's "Nobody does it better,... makes you feel sad for all the rest..."]
https://www.bing.com/videos/riverview/relatedvideo?q=nobody+does+it+better+ https://www.bing.com/videos/riverview/relatedvideo?q=nobody+...
- 3D30497420 9mo agoA few notes: > The reason for tariffs is NOT to reduce prices but to bring production (jobs, capacity) home. Tariffs can be used for many purposes. I would say this is administration is clearly not using them to bring jobs home. Earlier tariffs were lowered/dropped when trade deals were signed, and the current ones are clearly a way to strong arm Europe to giving up its territory. > Unemployment rate has decreased to 4.4%. Decreased from where...? Not including the pandemic, 4.4% is the highest rate in almost a decade. Unemployment is clearly rising: https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm https://www.bls.gov/charts/employment-situation/civilian-une...
- giardini 9mo ago"Decreased from where...? " "Flash Report: U.S. Jobless Rate Ticked Down in December" https://www.stlouisfed.org/on-the-economy/2026/jan/flash-report-us-unemployment-rate-declines-december https://www.stlouisfed.org/on-the-economy/2026/jan/flash-rep... FTFA: "The unemployment rate in the U.S. has decreased to 4.4% in December 2025, down from 4.5% in November. This decline follows a period of rising rates, with the economy adding just 50,000 jobs in December, indicating a slowdown in job growth. The labor market is showing signs of stabilization, with the broader U-6 unemployment rate easing to 8.4%." Federal Reserve Bank of St. Louis
- 3D30497420 9mo agoSorry, you're claiming a decrease of 0.1% over one month (after a clear upward trajectory since April 2023) as evidence that tariffs are working?
- deleted 9mo ago[deleted]