Originally Posted by mrstep
He may be wrong about your nationality, but he's unfortunately quite right about the $14 trillion dollar national debt and policy of exporting jobs that paid well while allowing massive illegal immigration to undercut low wage workers here - and send huge amounts of those wages out of the country as well. How do you see doubling the $ money supply in the past few years, rising unemployment, stagnant to falling real wages for decades, and the lack of fiscal responsibility and sound fiscal policies as positives? (And that's over the past 30+ years, not an Obama dig.)
The national debt is less related to manufacturing than to the fact that you're on the tail end of two expensive wars, GOP tax-cuts and a the bursting of a monumental property bubble, leading to a huge recession. You had no more manufacturing during the Clinton era either, but back then the debt was well under control.
The increase in the money supply is a sensible reaction to a deflationary shock, it would only be a bad thing if it had resulted in rampant inflation. US CPI is still a long way from hyper-inflation levels last I heard.
America can still manufacture lots of things, but hugely labour intensive stuff like consumer electronics probably won't be one of them.