Maybe, but we'll definitely pay more for less imports and the consumer will have less to choose from. And stupid government will once again screw up free market competition, the only economic engine that, as historical fact shows, has ever worked.
So we run out of melamine-tainted dog food and suphurous drywall.
Remind me again, how cheap Third-World labor brought down the price of tennis shoes.
And how all the IT jobs were going to replace the manufacturing sent to the Third World.
And why companies such as Intel, IBM, and HSBC are pushing managers from the US to work over in China and India at local wages if they want to climb the ladder.
It's all about the people at the top seeing the coming demographic bomb in the US from afar, and trying to seed the Third World with enough US money that they can continue to post ever-expanding paper profits to make Wall Street happy.
Only problem is that India and China are stealing our intellectual property, funding corruption, oligarchies, and nepotism, and not creating the true middle classes the U.S.-based companies will need to grow.
The coup de grâce will be when the foreign countries either nationalize the US subsidiaries, or openly turn around and compete with them on price within the U.S..
And then the verminous US executives will have the nerve to look surprisd.
NO cheers, unfortunately.