Labor car industry policy - State & Fed - at odds!

[Road_Warrior]

Originally Posted by bobthebilda

And what is the big picture? Two of the biggest car manufacturing countries in the world ( japan and US) are basically basket case economies. Is that the big picture? Australia which has a miniscule car manufacturing industry by world standards has an economy that is the envy of the world. Please explain the "big picture"

No point having an "economy that is the envy of the world" when it is concentrated on digging holes in the ground and building McMansions. Because guess what happens when one or the other falls in a heap? That's right, your economy that is the envy of the world becomes the aforementioned basketcase.

Having a strong manufacturing sector supported by practical government policy adds economic diversity, keeps people in work in more professions that have flow on effects to subsidiary sectors. And if memory serves me correctly, the US experienced strong growth in its manufacturing sector last year so I wouldn't exactly call that a basketcase.