[Cringing Negativism Network]

You are making a mistake.

You presume that because we have been the most wealthy, we will be the most wealthy.

I see nothing we are currently doing, to support that.

We are exporting everything of value, and buying imported crap. More all the time.

Meanwhile we have racked up a 17 trillion deficit. Approximately.

We are selling our own nation.

[1rudeboy]

I haven’t “racked up” a deficit. I keep a tight budget. And I drink Heineken to my heart’s content, which appears to bother you.

[1010RD]

Perhaps you’ve read this paper already?:http://www.bea.gov/scb/pdf/2008/03%20March/0308_locations.pdf

Here are some more recent follow ups:

Is the US still the worlds leading economy?

http://www.census.gov/newsroom/cspan/myths/20130329_cspan_myths_slides_8.pdf

Have US companies off-shored their production to low wage countries?

http://www.census.gov/newsroom/cspan/myths/20130329_cspan_myths_slides_9.pdf

What are the facts about US companies moving off shore?

http://www.census.gov/newsroom/cspan/myths/20130329_cspan_myths_slides_10.pdf

Where is US Manufacturing?

http://www.census.gov/newsroom/cspan/myths/20130329_cspan_myths_slides_13.pdf

You’ll note that in the world’s greatest free trade zone state-level economic policies like regulation and taxation has caused manufacturing to move from high tax and regulation states to low tax and regulation states.

Isn’t free trade and American federalism grand?