Boeing is trying to open a new factory in South Carolina that would employ people to build airplanes. Unemployment in the country is still high, and getting people back to working creating things that other people want to buy is a very good thing.
Here’s how an economy works: Cobbler Joe makes excellent shoes, but his wife really wants a purse for her birthday. So Cobbler Joe works extra hard in his shoe shop creating excellent shoes that he can sell for a decent price. When he has enough money saved, he goes down the street to Polly’s Purse Shop where he purchases a fabulous handbag for his lovely wife.
When Polly sees Cobbler Joe, she’s reminded of the pair of purple satin stilettos she wants, and asks Joe if he has any in stock. He does, and she stops by later and purchases them. Or she goes to Jim’s Shoe Shop because he’s selling them at a discount. Or maybe she goes back to Joe who will price-match them.
Read the rest at The Stir