The US economy is the victim of a giant economic Black Hole... China!
The cheap labor in China has totally taken over ALL PRODUCTION...even so-called "Green Jobs" that Obama likes to tout ... And the illegals are handling a lot of the domestic job market...
And this is not just theoretical...its here now...everyday sucking massive amounts of money out the US and into China...
Every time the daily armored car drives up to a small town Walmart...huge amounts of money are take out of the local economy...
Yes...a few people have low wage jobs at Walmart but the rest of Main Street is often abandon...and those were local people not Wall Street and the Chinese...
Trying to cut spending in response to the Black Hole is like trying to bail out the Titanic with a tea spoon...
The issue is not jobs...or Keynesian economics which won't work in this environment... Its quite simply how can we stop China from destroying the US economy...
In the old days Tariffs were used to sustain equilibriums in trade...that is now "off the table" as the Doomsday machine of Free Trade continues to destabilize the world...
At some point...its going to be Tariffs and Protection...or the US becomes a 3d world economy...a post-industrial colony of Asia....
