Reply #2: You are right on.

[jtuck004]

Notice in the article their reliance on housing leading the recovery. The only reason we haven't lost our economy sooner is because it was propped up by artificial housing values, while a large portion of our GDP during those years came from the debt people pulled from their mortgage equity withdrawals. Now that is gone, jobs are decreasing...yet people still want to depend on housing.

Have they completely forgotten what manufacturing did for us? And that the process of manufacturing spawns other ideas when people work with the materials? It will take years before all the housing sitting out there is soaked up again, and the only little bits of building going on is where there are a few jobs and not enough housing.

We really need to figure out what manufacturing and wealth creation needs to look like for the 21st century, and make the gov spend the capital to make it happen.