[re_nortex]

When Reagan dismissed concerns over the loss of American steel mills as our economy moving from smokestacks to service industry,I told my father “we can’t all press each other’s pants for a living”.

Our economy was booming during the Reagan years. I was making tons of money when he was president. Those were the best times our country had since the Coolidge era.

[hoosierham]

But in what field were you making this money?

In a country with no manufacturing the importer of foreign-made goods usually makes tons of money!Also doctors,lawyers,and government officials do well in such countries;it is the middle clas that disappears.

We don’t make the clothes,lightbulbs,computers,toasters,nor a huge percentage of the cars,trucks,furniture,and now even the books are being printed in China!And then there is the importationn of Arab oil....

Are we to repeat the colonial era Indians’ mistake of selling their land to pay off the debt from imported manufactured goods?