Yes. China has a $1.8 trillion GDP while we manufacture less and less every year.
"we do that because we are the most productive nation on earth.
"
With only about 10% of our economy producing anything and China producing more and more every year, that is a sort sighted view of our economic future. China has 300 million people of middle class status whose status is imprving every year.
We have a president who has not vetored a single spending bill since he took office six years ago and a Congress that spends money wildly on idiot projects while private funds must be raised for a Veteran's hospital for our Iraq wounded. We have skyhigh oil prices and a congress that bans offshore drilling in some of the best areas for oil. We have untold trillions in future debts for entitlement programs that are almost completely unfunded and you are surprised that few foreigners want our debt?
Yes. China has a $1.8 trillion GDP while we manufacture less and less every year.
Only 10% of our economy produces anything? Where did you get that from?
The manufacturing segment is not the "sole" segment of the economy that produces anything...to foster that is being disengenious as well as intellectually dishonest.
Yes...the chinese make cheap furniture, plates...stuff you see at wal-mart...hammers...commodity type goods, some hi-tech stuff, but not as much as you would think due to laws governing technology transfer...so, you may want to rethink your statement here.
"With only about 10% of our economy producing anything..."
How can that be? I thought that we were exporting about 95% of all lawsuits? You mean, lawsuits aren't productive? After all, it's our nation's main product!