H1-Bs, "diversity," and "outsourcing" have stymied a LOT of the creative, "can-do" mindset of the U.S.
Our businesses are concentrating on stealing mindshare rather than on creating fundamentally new opportunities.
NO cheers, unfortunately.
Oh we have the creative mindset. One only needs to look at the engineering genius that drives our military industrial complex and our entertainment (entertainment delivery and production) industries to see that we have the MINDPOWER to make it big.
What we are lacking is the industrial base to drive it forward.
We will never, ever, ever be able to compete with competent labor that produces high quality products at $4 an hour.
It is this lack of industrial power that is hurting us. And it will not come back. Ever.
This is why we use our homes as ATMs and run up credit card debt. We are doing nothing but moving money around in the service economy.
The only people producing anything these days are the folks that mint silver and gold coin.