Let’s see. Our manufacturing base is destroyed, and a huge chunk of government spending needs to be cut.
Well, if Romney’s Republicans shovel out much more free money to government teachers, regulators, and the like, then yes. Stock markets and Ponzi schemes will soar for days, but eventually, the collapse would be most grand and terrible.
But if Republicans were to cut spending as they should, the collapse would come sooner but with less effect. Either way, have fun. Enjoy the slide.
Our manufacturing base is not destroyed, merely lieing low. We are still a nation of manufacturers that can stoke the growth engines as soon as there is a glimpse of where we are heading.