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Bruce,
You nailed it! The middle class has been bitch-slapped almost into extinction.
If we don't put a stop to our continuing loss of manufacturing base, we will become a nation selling lattes, hamburgers, and software to each other, mowing each other's lawns and washing each other's cars. Without the ability to bring in cash from the sale of manufactured goods around the world, the corporation known as America Inc. is in for hostile takeover and no proxy fight will block it.
We can print more money for a while until that backfires as it always does. When the price of bread goes to $10 per loaf, it will cost more $ to buy America Inc., but it won't really mean anything to the global aristocrats after adjusting the true value of the $.
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