Pan, I'm sorry, but to anyone with any training in economics, it is obvious you do not know what you are talking about. I'm done trying to teach you what the trade deficit is all about, its obvious you aren't going to understand. But I would like to point out that aside from clothing/textile and aerospace, industries you claim are dead and dying in the US are just fine. I don't know where you get your information, but if I were you I'd try to find some data to back up my claims.
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Originally Posted by pan6467
Steel..... all but dead
Auto.... dying
Aerodynamics.... dying and very close to death
Heavy equipment...... dying, the Japanese and Chinese own anything that is left here....
Clothing..... DEAD
Electronics..... DEAD
Textile....... on it's death bed
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Take a look at Industrial Production Index numbers for the following industries:
Construction Steel:
Consumer Durable Steel:
Motor Vehicles:
Machinery:
Electrical equipment, appliance, and component:
Electical equipment except appliances:
Other electrical equipment and components:
^Some examples of industies you say are all but dead.
But manufactuing is dead you say. Well, lets take a look at the numbers.
Manufacturing:
Durable Manufacturing:
Nondurable Manufacturing:
Lets look at business equipment, thats a good one. If businesses are growing and new businesses are starting they're going to need to buy equipment and someone is going to have to make it. What do the numbers say? Lets look.
Business Equipment:
And finally, a look at the overall production of our economy...
Total Industrial Production:
So as you can see, industrial production is up. Clothing and textiles are down because it is cheaper to make them overseas, but we still hold comparative advantage in many industries in the US, we still employ millions in industry in the US. Overall, our economy is good, and getting better. I would even venture to say its the strongest its been in 5 years. Doom and gloom is no way to go through life, pan. The picture is rosier than you think.