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My kids (if I have any) will be doctors, lawyers, or other professionals.

Yours can mow lawns, pick vegetables, and plan the next revolution.

Smart people can do well in ANY economic climate. You seem bent on feeding your kids defeatist tripe. I only hope for their sake that they don't eat what you're feeding them.

We are not feeding our kids defeatists tripe. We are looking at a Brave New World without a middle-class and wondering what will be best for our children.
Right now, there are thousands of really smart engineers out of work. They are out of work because there are too many visa workers here (1.2 million), there are too many high-tech jobs suddenly being outsourced (millions in the next few years) and there is an overall recession.
The steelworkers, automotive workers (watch a rerun of "Mr. Mom" again), the manufacturing jobs went first. Now it is high-tech, next accounting and it goes on. One corporate exec said that any job behind a desk can be easily outsourced. The rest can be handled by visa workers.
So, what can we do? Write to congress and the whitehouse.
"Buy American" and tell others.
I'll scare you some more. Right now the databases with the records of your medical, credit card, banking, insurance, telecommunications are being run and accessed by foreigners in foreign countries. Think identify theft is a problem now? Wait until we cannot even get to the perpetrators because they are overseas. Think that India and China might be more accessible to terrorists for some cyber terrorism? I do.

Smart people can do well in ANY economic climate.

That's absolutely 100% wrong. Look at Mexico for example ---some of their elite are dumb as bricks ---and I mean really dumb, they're lazy, they won't work but they get their jobs through family status. Some of the poor illegals are actually sharp as tacks, they might never have stepped foot in school, before they came here they often never drove a car, never drove a tractor ---yet they are quite smart and pick up very quickly. That's why third world systems are so inferior ---when you are born to the bottom class, you are expected to stay there. Some of their browner lower class have the brains ----but they've never been taught to read and write ---so much is wasted.

My kids (if I have any) will be doctors, lawyers, or other professionals.

In third world countries, the doctors are not especially wealthy. They're lucky if they make what a factory worker makes here ---so don't be too excited about your kid's future in a society with no middle class ----corrupt lawyers do tend to do well in third world economies ----tell them to go that way.

"My kids (if I have any) will be doctors, lawyers, or other professionals. "

Are you sure? How are you going to afford that? Our doctors and many of our lawyers are now being trained overseas, where it is much cheaper. and the schools we have left have high competetion.

Check your local directory, and see how many immegrant imported doctors we have. Your kids will have some tough comptetion, just to get into school.

Please note tonights local news about 20 pipeline welders being hired from overseas, here in Texas, while the local welders protest.