Business Week - U.S. is heading toward becoming a "Third World country

[cthrumatrix]

Take a ruler out of your desk drawer, lay it down on top of some economic trend graphs, and extend the lines out to 2015. What you're seeing is one vision of what lies ahead for the U.S. as China and India rise, and it ain't pretty. Three million U.S. manufacturing jobs have been lost in the past half-decade, so by the ruler method 6 million more will go poof in the coming 10 years. The U.S. merchandise trade deficit with China has been growing 20% a year, so the ruler says it should surpass a trillion bucks by 2015. By straight-line projection, China stands to trounce Detroit in autos and Silicon Valley in infotech, while India captures software and high finance. That would leave Americans to export raw materials, colony-style, and give each other haircuts. No wonder Paul Craig Roberts, a senior fellow at the conservative Hoover Institution, says that the U.S. is heading toward becoming a "Third World country."

http://biz.yahoo.com/special/challenge05_article1.html

The world's superpower to becoming a 3rd world country???? How can anyone suggest that???

Look at the US issues:
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* Social safety nets under atack &/or to be bankrupt (govt control)

* Jobs shipped abroad for "lower wage" countries (govt permission)

* Zero "energy planning" leaving us extremely dependent on foreign oil (again - govt planning)

* Our currency losing value becuase our trade deficit is only rising due to greater oil imports at higher prices.

* And you have the consumer "tapped out"...all mortgaged to the hilt.

* oops...and you have the housing bubble to come

* national bankruptcy laws passed



Take this another step..is the govt going to sit back and take the

heat for all of the above ...no way. Politicians were responsible for

much of the above (CAFTA, NAFTA, medicare prescription bill, soc sec

suprlus spending, tax breaks to corps while middle class eats it).


911 had zero to do with much of the above...in fact it was an "enabler

for the Patriot Act".


American's are waking up. Ask the 11,000 people that stood in line

for 400 jobs in Oakland yesterday. America is going to go through

massive changes. This is what happens when corporations "run our

world".