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...years have been marginally educated and trained, incurred huge debts with the expectations of ever escalating pay scales and job promotions who now must compete in a global market of professionals better educated, trained and qualified with English as a second language to do the jobs for a quarter, a sixth or even a tenth of the pay of their American counter parts. That is close to 5.7 billion non-U.S. population. So, even with only 10% having higher education to various degrees plus all the numerous craft and labor skill levels much of those populations have supported, their full economic mobilization would dwarf anything the U.S. could impose.
The republicans under George W Bush have appeased and pandered to their voter base and others fearful of their own position by covering up this statistical fact with platitudes of family values, religious zealotry, even implied racial superiority and select corporate protectionism.
The real economic bubble is about to burst. So, do Kerry and we democratic believers have our work cut out for us? How does $0.20 on the dollar sound as to what foreign investors will be able to buy the U.S. of A for on the open market? Perhaps even for less.
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