Well put SteveZ...
and when pointing out non recycling of money...lest we all forget the biggie of that club....$700,000,000,000 to foreign oil suppliers and GROWING!
What you point out is an aspect of the economic cycle that the masses have no concept or understanding.
My favorite subject of lost manufacturing because of unions or cost saving measures....each and every industry...for example machine tool manufacturers...once upon a time almost all were used in USA factories...there were upwards to 800 machine tool companies here in the USA....in the late 80's that number was less than 100....
So in addition to the masses consumer product $$ not coming back..ditto for commercial and almost any other manufactured products.
No manufacturing = no jobs...no rocket science.
And when considering the future one can only look at today and safely say it will never BE THIS GOOD AGAIN...not just a prognosis...it is a continuum!!!!!
BTK
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