I grew up in the suburbs of Detroit. Detroit is the Canary in the coal mine. Our nations problems are partly due to liberal policy for sure. But I believe that both parties are socialist, the Republicans hardly offer much of an alternative. Neither party is for small government. Both parties have the bankers best interest at heart.
Loss of value added manufacturing, the rise of a consumer and finance based economy will make America unrecognizable in 20 more years. The whole country will be like Detroit. Consumerism uses wealth and doesn’t create it. Finance shuffles money around, but doesn’t create wealth either.
You and I are in complete agreement on this. I, too, see Detroit as the “canary”. Fortunately, the “final outcome” there may scare the rest of the nation from following the same path. The Detroit debacle is only in the 7th inning. The rest of us are in the 4th.
Have you read the Fred Reed articles I posted in this thread? It is spooky (and frightening), especially considering they are all from around 8-10 years ago.