4 ms·
That chart is purposefully misleading. Percent change.. really? here's the actual data for June 2014: http://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf
by rgbrenner 12y ago
That chart is purposefully misleading. Percent change.. really?
here's the actual data for June 2014:
http://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf http://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf
Shipments (in millions of dollars): 238,213
Same, excluding defense: 226,688
So 11.5B in defense in June out of 238B.
Edit: and notice it says shipments are up 4.2% over last year (excluding defense shipments)
- Zigurd 12y agoThat's just DGM output, and excludes R&D and capex in military manufacturing. It also excludes manufacturing of consumables, i.e. munitions. It also excludes everything that comes under the "other procurement" categories in the military budget, which is often purpose built for the DoD and/or made and sold in a market that excludes foreign manufacturers. And, on top of all that, procurement as part of "overseas contingency operations," is not broken-out or included in DoD procurement.
- rgbrenner 12y agoYes, that's all true. Everything you just said also applies to the chart you linked to (notice the legend that says "Durable Goods" in your chart?). So I stand by my post -- your chart is misleading, and does not support the claim you made. It's going to be hard to prove your claim that US manufacturing is "propped up" by the military.. manufacturing is about 18% of the US economy, and the (entire) military is 4% (edit: of GDP)
- Zigurd 12y agoThere is a lot of military spending buried in the rest of the budget: http://www.theatlantic.com/politics/archive/2012/02/the-real-defense-budget/253327/ http://www.theatlantic.com/politics/archive/2012/02/the-real... And that's conservative. For example, the militarized overseas operations of the Drug War are in the State Department budget.