Americans did this to themselves.
They could have saved, but instead spent $$$ on imported TVs, etc.
They could have bought from traditional stores, but went for cheap prices at WalMart and Target.
They bought Japanese and Korean cars when they could have bought US built cars.
Etc.
We COULD have demanded “Made in America.” Then the unions dared us to buy foreign.
All the worse, almost no politicians are recognizing this problem for what it is.
They just speak of the “new reality” with the “global economy”. Bullshit. It wasn’t always like this, and it CAN be undone. They don’t seem to be willing to enter into that thought process though.
Our country excelled for well over a century with AMERICAN companies selling things to Americans, who had jobs PRODUCING things. The only way we are going to truly get out of this mess is if we go back to what WORKS. This so called new “service economy” has been a failure.
The dirty little secret is you get nowhere unless you are PRODUCING something. A country needs to take the raw materials that God gave us. The stuff that’s under the ground, growing, and MAKE THINGS. Anything else is just moving money around.