A couple points.
A market of 300 million is nothing to sneeze at and we have not sunk to the level of the Chinese [2/3 the GDP with 4 times the population] yet. That's 17% per capita of ours.
The Chinese economic juggernaut has been wildly exaggerated.
Don't ignore that the Germans, the Japanese, and the Italians are moving production of their vehicles over here. They have created tens of thousands of jobs from Indiana through the Deep South.
Now, that is not to say that I'm sanguine about our economic future. Taxes are too high, monetary inflation is ruinous to business calculation, and Obama's policies are stifling investment in expansion.
But those are all fixable. There is nothing necessary or inevitable in our seeming economic decline. It is -- all of it -- a result of meddling government policies and it can be reversed.
Whether it will or not, I can't say.
“A market of 300 million is nothing to sneeze at and we have not sunk to the level of the Chinese [2/3 the GDP with 4 times the population] yet. That’s 17% per capita of ours. The Chinese economic juggernaut has been wildly exaggerated.”
You are ignoring a frightening trend; for every new job moved here from elsewhere ten are leaving. American (and European) labor costs too much; the jobs leave, the birth rate drops, and the cycle goes on & on. Red China has a population that is naturally growing, accompanied by a growing economy; we have neither (that is where the consumers are). The United States will be here in 100 years; it will bear NO resemblance to what we see today.
The US we see today bears NO resemblance to the US of 50 years ago demographically, culturally, etc. None.