We are living on Debt , not producing anything .We don't produce our high tech products like tablet PC, smart phones, PCs, and all the parts for those.How can we survive like that?
I used to work in Detroit. For a national manufacturer. Why don’t you go ahead and explain to me what happened to Detroit?
We need to keep in mind, America is a big place. Most of US soil have nothing built on it. Yet today, the US have more homes, infrastructure, etc. than in 1949. Keep in mind, the US provides a higher standard of living for its 310 million citizens today than the 160 million or so in 1949. The homes are bigger, more electricity are brought into each home today than in 1949. The shrinking of one city is not evidence of a nation in decline. What did San Jose or Seattle look like in 1949 compared to today? Or, what did the suburbs of Detroit look like in 1949 vs today? In both cases, those areas are much more built up today than in 1949. Sure, you could give me examples of many cities in America that are either dying or decaying. But I can also give you just as many cities that are vibrant and growing. From Atlanta, Georgia to Miami to Phoenix, AZ. Detroit is a big city, but all across America, are many small and medium sized towns that have a smaller population today than in 1949. The young people moved else where to the Seattle's, the Austin, Texas, the San Francisco's, the Atlanta's, the Miami's, etc.
The decay of Detroit is hardly an indication of America on the decline. Visit Seattle, Austin, Dallas, San Francisco, Los Angeles, New York, Miami, etc. and the many suburbs surrounding Detroit and you'll see where everyone went.