The net flow of capital into this country is in the form of loans and
purchases of American businesses.  America runs a huge trade deficit every
year.  I've seen articles that explain that this continues because foreign
countries are loaning us the money to continue this.  In the short term
this is good for the foreign counties as they earn interest on their
loans.  But at some time the party must end and the U.S. will be so
heavily indebted that it is bad business to loan us any more.

  These loans would be good for the U.S. if this borrowed money was used
for capital improvements, modern factories, research etc.  However, I
believe it is being used for consumer wants and desires (cars,
electronics, etc).  In the end, the U.S. will have tremendous interest
payments that stifle investment in productivity and nothing new to keep us
competitive.

I've starting looking more and more, and everything I pick up at the store
says "MADE IN CHINA".  Fine, we don't manufacture anymore in this country,
but we are supposed to be a service and information economy.  The internet
ends that.  Information can be stored, processed and sent around the world
in a moment, so why would you pay to have it done in the U.S.?  Services?,
well an Indian doctor can look at your chart and x-ray and as well as, and
for cheaper, than an American doctor.

The old model was that producing and moving goods made each country
competitive based upon their resources.  The U.S. is too expensive for
that any more.  Now, information and services are the same and the U.S. is
too expensive for this too.

"Look for the Union Label" might as well be our mantra in the I.S. field,
and I'm sure it will do us as much good as it did for the garmet workers
and other manufacturers.

For the forseeable future the best jobs are ones that can only be
done "face to face" or onsite.  Either working with people (physical
therapist etc. or construction for example.  In the end, when we are a
third world economy, then jobs that have been outsourced will come back.
(Yes, I'll be happy to do computer work for $11.50/hr......

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