[neverdem]

In the United States, the financial services sector passed manufacturing as a component of the GDP in the mid-1990s. But market enthusiasm seems to have blocked any debate over this worrying change: In the 1970s, manufacturing occupied 25 percent of GDP and financial services just 12 percent, but by 2003-06, finance enjoyed 20-21 percent, and manufacturing had shriveled to 12 percent.

Read it and weep. Change and produce more than fiat currency, or fade away.

[RightWhale]

A giant bird could fly in from the asteroid belt and eat the moon and then what would NASA do?

[paul544]

Let's face it, if the country were in this state under a Democrat, everyone on this site would want to rank them dead last. Bush's second term has been a disaster, don't bother arguing otherwise.

[RockinRight]

How can we possibly start “making things” if it costs us 100 times more than a Chinese factory to make them? Even if we do, who’s gonna buy it when the same thing can be had for less?

It’s not so simple as that.

[Cicero]

Yes, I think I posted the comment that I heard going around last year, that the only remaining major export of the United States is derivatives.

And that market is collapsing.

[Wiseghy]

Well it all kinda depends. If the country elects a radical President, who promptly raises taxes, I’d say, yeah, we’re scroooood!

Pity we won’t hear this from the WP.

[MNJohnnie]

How is it these Chicken Little's like Phillips can be wrong decade after decade on issue after issue yet they are still taken seriously by “Conservatives”?

[Ron Jeremy]

At least Phillips doesn’t call himself a Republican anymore.

[The Woim]

Big whoop!

So what if our hegemony disappears! Bigger isn’t better. A small coherent constitutional republic is superior to a Supercenter sized democracy populated with a large chunk of people who subsist on government handouts.

Let the hegemony end. Reduce the size (in real terms) of the government by 40% and become a constitutional republic again!

Sounds like a good trade to me.

Yours truly,
The Woim

[Cacique]

btt

[MNJohnnie]

Kevin Phillips: The Old Titans All Collapsed.

Ironic thing about this title. This idea applies more to him Buchannan, Vinege, Roberts and the rest of the old Dinocons then the USA as a whole. All the old Nixon era titans certainly have collapsed.

[the invisib1e hand]

the US is not an “old titan.”

[Libloather]

The Old Titans All Collapsed. Is the U.S. Next?

Just because one team sucks doesn't mean the whole league folds...