no I mean invests. That is the reason we had a trade deficit for the first 150 years of our existence. as for RD check, we're investing more in RD than at anytime in the past 30 years.
Roads, private investment, airports, infrastructure etc. There is not enough doesmtic savings to fund these projects. So we have to borrow from abroad.
Also we are investing a tremendous amount in manufacturing, that is one main reason so many manufacturing jobs are being lost is because productivity is rising faster than demand.
an example is boeings 787. Boeing cannot raise enough RD developemt funds here, so they must look for foerign investors
Don't you know what that Boeing example really means? It is not a sign of the greater economic strength of the U.S. BUT PRECISELY THE OPPOSITE.
Boeing, contrary to the lying spiel of Airbus Industries, funded the 747 project way back in the the late 60's early 70's....ENTIRELY out of its own pocket. Now it has to go begging with its tin cup out in its hand...begging!
Begging other countries to CO-PRODUCE the plane. To help nail down sales. Japan will make the wings. China the rear stabilizer. And a couple other sundry other countries/companies such as Italy will make the midsection. Boeing is asking each of these manufacturing partners to do their own engineering....to their spec of course...but offloading that portion of the development cost on to the 'vendors'.