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Recursion

(56,582 posts)
9. Yes, heavy plant, the most durable of durable goods
Mon Dec 8, 2014, 04:35 AM
Dec 2014
To fuel a recovery, the goods produced domestically must be bought by individuals who got work and are consuming again.

True, and that's very different from your original claim, isn't it? This isn't about a "lack of durable goods manufacturing" (that's your supply-side argument), it's about a lack of disposable money in the hands of most people (that's my demand-side argument).

Now, that said, your implication that there's something special about manufacturing as opposed to services is simply wrong. Australia has run a trade deficit for decades, has a larger service sector than the US, and doesn't have the economic problems we do.

Manufacturing is not magical pixie dust.
No recovery can be robust without domestic production of durable goods. House of Roberts Dec 2014 #1
The US manufactures more now than at any point in history Recursion Dec 2014 #3
Outside the auto industry, House of Roberts Dec 2014 #5
Heavy plant and prototyping Recursion Dec 2014 #7
Heavy plant? House of Roberts Dec 2014 #8
Yes, heavy plant, the most durable of durable goods Recursion Dec 2014 #9
I defined durable goods in post #5 House of Roberts Dec 2014 #10
Australia is heavily dependent on extraction industries Art_from_Ark Dec 2014 #17
Thank you. House of Roberts Dec 2014 #20
There are household appliances made in USA IronLionZion Dec 2014 #22
What bush recovery.. bush is the one who caused the meltdown in the first place. Cha Dec 2014 #2
The slow recovery aftet the dot.com applegrove Dec 2014 #4
I should congratulate Pres Obama and our country! Cha Dec 2014 #6
you are correct!!! March 2001–Nov 2001 was the time frame of the recession. Johonny Dec 2014 #23
Post removed Post removed Dec 2014 #11
Fox News bubble world. BumRushDaShow Dec 2014 #12
Really! I see he's been shown the door! MADem Dec 2014 #19
It's remarkable that he was around for 188 posts BumRushDaShow Dec 2014 #21
You left out that he was born in Kenya and is a Muslim! Sheesh, where does this stuff come from?? George II Dec 2014 #14
There was a bush recovery? When? George II Dec 2014 #13
Right before he crashed it the second time... Thor_MN Dec 2014 #16
There was no 'real' recovery after Reagan, Poppy or Dubya. Rex Dec 2014 #15
I'm still recovering from the 1st bush recession, in real unadjusted dollars TheKentuckian Dec 2014 #18
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