USAs Focus on Revival of the Economy - a Response to Erik's Post

Erik wrote that Obama is going all out for the economy, or atleast thats what I thought. Now the moot point is does the USA have a segment of population which may be deprived comparatively but willing to work on building infrastructure - plumbers / masons / carpenters etc, in the numbers required and with the requisite skills. The industrial sector generated jobs with stability as did the mining sector; the environmental lobby and the changing mores of society caused this sector to lose importance and consequently jobs. The retail sector and the financial sector specially is not the real economy and can never replace the stability of the manufacturing industry. Also you cannot sustain an economy by an industry based on cutting edge technology alone as the USA had planned and outsource smokestacks to developing countries.
This is the main issue. Even in rare earth minerals, the USA closed its mines and is now dependent on China. The Chinese can always dictate terms on such strategic issues . The USA has to consider this aspect as they have lost employment opportunities in addition to another country being their main supplier.

Erik maybe I am off track sitting thousands of kms away, but this is a thought that can be considered.

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DK Kapila The Oracle

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