"old" mentioned more manufacturing... Chrysler/Fiat is going to invest $1 billion to create 2,000 jobs (that's about $.5 million per job, if you want to look at it that way). A big part of the work will be done by robots however. To get us back to any sort of better national employment at that rate will take more money than probably exists. Granted this is high end but shows that investment of a bunch of money in mfg. isn't going to solve the problem on a broad basis.
To the point of the post, those in the know have been saying that we are over built on retail. A mall in the big city near us had two Macy's, one is closing this year. A local mall has the Sears closing this spring, the K-mart nearby closed mid last year. But Kroger has knocked down the K-mart and is building a bigger store, this in the same strip center but at the other end of it. The mall I mentioned had a big box store in a wing that had several occupants over the years, they tore it down a couple of years ago and built a big new movie theater. The former Macy's in that mall became Dick's Sporting Goods. Rumor is that Rural King is looking for a location in town. Things change, grow and shrink. I think the economy will finally take off once new economic policy takes effect, but that might be a year or so to get into place, you don't overcome all at once 8 years of failure to do much of anything.
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Today's Featured Article - The Niagra View Mobile - Powered by a 1959 Ford Tractor - by Mark Massey. In 1959 the Niagara Frontier Transit Inc. of Buffalo, New York designed and built six Viewmobiles for the Niagara Frontier Sightseeing Inc. for use as a sightseeing ride at the Niagara Falls State Park, Niagara Falls, New York, powered by a 1959 Ford 611 Tractor.
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