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The cure was one I proposed years ago, before the outsourcing craze.

The rest of the world should have developed their OWN middle class by rejecting corruption and crony capitalism, instead of poaching ours and creating an unsustainable situation (as much of the Third-World did--the rebuilding of Japan/Europe was a special case).

They did not GROW the pie, they merely siphoned off some of ours -- and the "globalists" and "free traitors" merely siphoned off huge administrative fees for helping them do so.

Hint: if competitive advantage really worked, why was it always the US who had the trade deficit?

Shameless plug: See my latest vanity.

Cheers!

"Hint: if competitive advantage really worked, why was it always the US who had the trade deficit?"

SIMPLE!!!! I'm truly AMAZED you still haven't figured that out, and go blame free traders and outsourcing for all your woes. Truth is that's all you can do because you just don't understand the problem.

We BORROW too much! That's what causes our deficit. And all this borrowing is what has caused this whole problem we are facing today. Massive unpaid debt. SOMEBODY has to pay for all those defaulted loans and all the massive debt people are carrying.

That's why Obama spending MORE isn't going to solve any problems. We have to stop spending and save, pay down all this debt, and save money to buy the stuff we need and want. We wouldn't have a trade deficit if we paid cash for all our goods.

You have to forget that simpleton way of thinking that we need to sell more apples to the neighbor next door than he sells back to us.

That's not how it works. Take Germany for example. They always have trade surpluses, yet they have huge debt. Why? Because the spend too much!

What we need is to make more MONEY on the apples we sell to the neighbor, it doesn't matter where we get them from either. As long as we have the money to buy more apples than we sell, trade deficits don't matter. Offshoring still results domestic GDP growth, because the company's base of operations is in the USA. In fact all the growth we had up till last year for the past ten years was BECAUSE of free trade, not despite it. If it were not for free trade, we wouldn't have had any growth since Clintons first term.

"We wouldn't have a trade deficit if we paid cash for all our goods. "

Oops. It should be more accurately described as a "trade debt" deficit. Because what we do is borrow into the future to by those goods.

Well what we've gone and done is borrow till we can't borrow no more. We can't buy anything, foriegn or domestically. Because we've caused train wreck the world over, actually it wasn't just us, China had a huge slow down 6 months before us which caused a decrease in demand for imports as well, but media ignored it completely because it was focused on the Messiah. Until the rest of the world slowly gets moving again, we aren't going to be able to resume trade to get things running and people working either.