Inside America's Economic Machine - An Infographic

Tyler Durden's picture

Every now and then, US taxpayer money goes for something useful and surprisingly informative. Such as this infographic from the US Census Bureau deconstructing the "American Economic Machine" or at least justifies its generally accepted popular representation in the aftermath of the recently concluded Census. The graphic cites facts dealing with manufacturing, services, retail trade, construction, government and much more as seen through the numerous economic programs and surveys conducted by the Census Bureau. And while entertaining, we urge readers to remember that there is no such thing as a free lunch, and that the American "economic machine" is merely the culmination of a global financial system that is full to the gills with credit money to the tune of $707 trillion as shown in this infographic previously. Is the trade off worth it? We will find out in the coming years when at some point, we hope, the economy will be allowed to take off on its own and attempt to recreate the virtuous cycle, however without the training wells of the world's central planners who day after day steal from the future to preserve today's house of cards. We are not very hopeful.

Inside Americas Economic infographic image [Source: U.S. Census Bureau]

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Haager's picture

BS redesigned and with a proper layout - but it remains to be BS.

Skateboarder's picture

Unreliable source. Refuse to read. Might as well be NewsCorp style "people familiar with the matter" asshattery.

Sudden Debt's picture

I don't know.... 170 billion in the paper business alone.... guess who's buying the paper.... sounds about right to me.... buy the paper, print 50$ on it in funky colours....

Stuck on Zero's picture

$170 billion in paper products yearly?  That's $500 per person or $2000 per household.  Seems high, even considering the amount of toilet paper I use.

 

Gully Foyle's picture

What the fuck are "charges"? They aren't taxes.

MachoMan's picture

They aren't property or income taxes...  My guess would be excise taxes, business licensing, fines/citations/penalties, charges for governmental utilities/water/sewage/garbage/electricity/etc., and bribes?

SWRichmond's picture

Fees they charge you for having the temerity to want to try to earn a living.  Fucking regulatory scum.

MachoMan's picture

papabear wants to collect retirement while going back to work for the state.

edifice's picture

Too... Many... Gears...  /epilepsy

Byte Me's picture

Must be the KDE version

(Giving KDE a bad name)

Skateboarder's picture

GNOME2 or bust. KDE stands for Kids' Desktop Environment.

ForTheWorld's picture

Cinnamon or Enlightenment if you want a desktop environment that isn't a processing time hog.

rtalcott's picture

$850 billion state and local on education...a pile of money to spend to get so little.

rt

JFK.4PREZ's picture

khan academy is where it's at! 

insanelysane's picture

State and Local Governments:  Revenue 2.1T - Expenditures 3.0T and Revenue includes 0.5T from Federal Gov. 

MachoMan's picture

And this is why there is practically no decentralized government in the U.S. at the present...  and this is also why states and municipalities are going to be clawing at the throats of multinationals and other interests wherever they can (mortgage fraud, skipping out on recording fees, libor, etc.)...  given the money from uncle sugar isn't guaranteed and doesn't necessarily come without any strings attached.

To all the state and local employees out there, get ready for a pink slip as contraction consumes your area...  and please don't expect your pensions.

ebworthen's picture

They use gears as a metaphor - as if the economy was functioning like a "well oiled machine".

Where are the broken gear teeth, the snapped springs flying, and the "clunk-clunk-boing!" sound effects?

LeisureSmith's picture

Great metaphor, gears with different dimensions standing still with nothing connecting them. One efficient economic machine.

NotApplicable's picture

Anytime I encounter this metaphor, Jethro Tull's Locomotive Breath jumps into my head, but instead of "Old Charlie" I substitute Greenspan.

Old Greenspan stole the handle and
The train won't stop going --
No way to slow down.

Skateboarder's picture

Ian Anderson for president.

"So you ride yourselves over the fields
And you make all your animal deals
And your wise men don't know how it feels...
To be thick as a brick."

Lohn Jocke's picture

"If X is less than the cost of doing a recall, we don't do it,"

A Nanny Moose's picture

Relaxen und watchen das blinkenlights!

vinu02's picture

How much money goes to save Bank and keep stock market elevated ?

http://www.freefdawatchlist.com/2012/08/trading-volatility-s-index-vix.html

NotApplicable's picture

You ask that question as if it's quantifiable.

(My answer was "yes")

extendedorder's picture

America's economy is not a machine. this is what the presumptuous goverment intellectuals want you to believe. A machine can be fixed. in reality the econmoy is a network of billions and trillions of voluntary exchanges every day 365 days a year. this network CAN NOT be fixed and not be CONTROLED. The only fix is to LEAVE IT THE FUCK ALONE.

Doomer's picture

Reality: Two rats chasing each other's tails on a spinning plate, with Bernanke the clown close by to catch them when they fall.

Abraxas's picture

One of the rats died 4 years ago and the other broke his leg. Ben alone is doing the spin.

whoopsing's picture

626 billion in retail auto sales and only 28 billion in auto loans ?....Really?

NotApplicable's picture

They meant to say "retail" auto sales.

Channel-stuffing FTMFW!

animalspirit's picture

The auto loans number is revenue from interest and fees to the banks.  That does seem small for $626 billion in auto sales.  Perhaps it is after the losses to defaults and reposessions, etc?

whoopsing's picture

I stand corrected...still  seems whacky

BlueCollaredOne's picture

Also no one walks into a bank nowadays for a car loan.  Most major car manufacturers just finance in house.  I.E. I pay "Toyota financial services" every month.

MachoMan's picture

There are plenty of local auto dealers making a fucking killing on these inhouse financing methods... 

Robot Traders Mom's picture

I love how "Federal Sources" is counted as revenue for municipalities...and 25% of it too, at that.

 

The Federalies have to get their cut first, then 'distribute' what's left.

 

 

NotApplicable's picture

Wow, 25%? I've been tracking locally for a few years, and I don't think they've ever been much over 10%.

I do though, fully expect the number to rise to over 50% eventually as Wall St. finishes off Main St. and the only remaining "source" of funds is Uncle Sugar and his offers not to be refused.

It'll be like FDR all over again, except with trillions rather than the paltry billions he had to work with.

MachoMan's picture

And no forthcoming american exceptionalism when the rest of the world's manufacturing base isn't destroyed...

Seer's picture

Well, this time there won't be any pent-up purchasing power out there, so even if manufacturing capabilities in the rest of the world aren't physically destroyed the results will likely differ little: kind of like the survivors of a nuclear holocaust being nearly indistinguishable from the dead.

the 300000000th percent's picture

Who gives a fack about female owned or minority owned businesses 

NotApplicable's picture

Anybody who wants to obtain a government contract.

Robot Traders Mom's picture

The wit is strong from you today!

adr's picture

You get tax breaks for being a minority or women run business. Take a guess as to how many are actually ran by minorities or women.

About as many as truly handicapped people who park in the spaces.

James's picture

"Who gives a fack about female owned or minority owned businesses"

 

 

Think that thru..................

Me, Mr. Whitey, wants to start a biz.

Mr.Whitey has wife who was going to help

Mr. Whitey is turned down for bank loan b-cuz well, he's white.

However Mrs. Whitey qualifies for super-size low interest loan!

Wife and I launch Whatchamacallit International, Inc.!

 

 

Leroy, my friend whos ancestors happened to be from Africa, and I want to start a biz.

Me, Mr. whitey, is turned down for bank loan b-cuz well, I'm white.

However,Leroy qualifies for super-size low interest loan!

Leroy and I launch Thingamajig International,Inc.

 

TrainWreck1's picture

Minority owned business gets contract and subs it out to the guys who were quota'ed out of the bidding. Been happening for decades. Inflates costs a good 10-20%.

 

Temporalist's picture

I don't see student loans as part of the financial services.  I guess $1 Trillion in student loans disappearing is as inconsequential as Rumsfeld losing $2 Trillion.

General Decline's picture

Rumsfeld lost $2 tillion???  When did this happen?  How come I didn't hear about this??  Oh that's right - They timed the release of that news on the day before 9/11 happend.  Just a coincidence, I'm sure.

the 300000000th percent's picture

I have a toe with a fungal infection do i qualify as a minority?

Byte Me's picture

No.

But your fungal infection probably qualifies for assistance...

HTH.