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Our hidden deficit spending which gives us the money to buy so many imported goods is killing U.S. manufacturing. And not only do we have deficit spending we have loans from China to finance their purchase, plus finance the wars we are in and the umpteen jillion bases we have all over the world.
The only one who seems to be aware of this problem is Ron Paul. All the rest are looking for a way to stimulate the economy. What will happen to the stimulus? If it is for increasing our purchasing power it will go to China.
How will that help us? If it is for business loans we will build more factories in China. If it is for housing, (we still make houses here) it will inflate real estate and cause a bubble that will burst once we have a surplus of housing. Kind of like helping a heroin addict, who no longer responds to his usual fix by upping his doses.
That will help for the short term but eventually will fail.
