The Obama Recovery Has Been Miles Better Than the Bush Recovery

[House of Roberts]

10. I defined durable goods in post #5

When any demand for durable goods is injected into our country's economy, the recovery will be better if those goods are made here and not in foreign countries.

Manufacturing props up the service sector. I can wash your car each week, and you can mow my lawn in return, but neither of us will survive unless some outside income enters the situation. At the very least, someone has to farm and trade food for services, so that all may have enough. Preferably, goods are produced from raw materials, which creates surplus wealth to purchase services.

Australia has run a trade deficit for decades, has a larger service sector than the US...

Assuming that is true, how much of Australia's wealth production is raw materials? That's the only way a country can have a chronic trade deficit and not go into debt.