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Do you mean that we have 25% unemployment, people in bread lines everywhere, falling housing prices, and tent cities? I understand, you are talking about Michigan with the protectionist and monopolist unions.

Dynamic economies with less regulated trade are a bumpy ride. On balance, however, less regulated trade makes everyone wealthier in the long run. You do raise a good point about military power. Less regulated trade has enriched China, enabling them to pour money into military spending. As long as China does not make war on us or others, I do not see a problem if they want modernize their armed forces.

I agree that we should enact policies that make us more competitive by reducing wasteful regulations, lowering corporate taxes, enacting market driven energy policies, retioinalizing litigation policies, and so on. Unfortunately, we seem to be heading in the opposite direction of competitiveness if the dims grab control in 2008. Less regulated trade with anti competitive policies is a very bad combination.

Do you mean that we have 25% unemployment, people in bread lines everywhere, falling housing prices, and tent cities?

Thank Welfare, Social Security, Medicaid, etc, etc for that or maybe your one that doesn't realize what the real picture would be without socialist services.

I’ve had this idea for some time that I think could save Americans a good chunk of change by reducing the high cost of higher education. I think we should eliminate as many college professorships in the US as possible by outsourcing them to nations such as India and even China. With the internet, modern telecommunications and satellite communications, it would be a simple matter to have Indian or Chinese professors teach most college courses by satellite hookup. I believe qualified professors could be found for around $10,000 - $15,000 per year. Just think of the savings and increased market efficiencies that could be realized.

Jobs such as engineer, accountant, tax preparer, draftsman, radiologists and other professional works has been successfully outsourced and why shouldn’t we make a major effort to outsource college professorships since we all want to achieve the greatest possible efficiencies in every area of our economy.

"We are currently servicing $9 trillion in aggregate national debt. China and Japan alone hold over $1.5 trillion in U.S. dollar reserves — the result of a general American trade deficit that usually runs about $700 billion per year." Victor Davis Hanson.

His column is exactly what I was referring to - by offering everything to American shoppers from other countries who do not offer us the same deals we will soon, if we don't already have a situation that is irreversible.