@Robotics: a little late to this party, but "...cut spending, cut taxes, cut regulations, and cut government" suggests taht everything will then magically get better, that trickle down will work. It didnt' before, and will not this time. US companies are sitting on bundles of cash, "afraid" to spend and hire becasue there may not be a market for their products. The vicious circle has to broken or prodded somewhere. Even the immoral Henry Ford understood that if he hired people and paid his workers a living wage then they would buy his products.
Who is goind to break the circle? Ford, building more cars in Mexico? Samsung? Even Intel is investing, but payback is a few years down the line.
@robotics: "...but the incentive must be there, with high taxes and debt the risks are just too high to take a chance." I guess entropy will be our next success path.
He can't win anyone these days, dam if he does it, and he is condemned if he doesn't. What gives! We would be whining if he and his cabinet did not even bother foster new energy source investments or more favorable world trade, for starters.
The ones who have been slaughtered or pillaged probably were better off. ;-) Of course if felixk is referring to the USA's imperialistic policies, the USA has been falling for a long time. Just look at it's meddling with Haiti, starting in the 1800s.
Most of the innovation in this country comes from government funded research, often handed over to for-profit companies at a much-lower-than-worth price.
I find it funny that you favor overseas labor, but not overseas engineering labor. Seems like a double standard; take his, not mine!
Hear hear DWilde1! Indeed we do make new itmes with many times the power of the old ones, and this trend can continue and help slowly deconstruct the monetary system, with the help of technologies like Nanotechnology. Working ones whole life to pay for a house (a truely mediocre configuration of atoms seems ridiculous to me. The biggest cause of death in the Western World (and the eastern indirectly) is the mortage. As all true engineers know the true value is not in the materialisation but in the exploration, i.e. people will continue to strive without any financial insentive morover necessity.
I think the U.S. should focus primarily on moving towards Solar energy completely(practically) for its energy needs. It has began what will surely be multigenrational wars in two countries and before everyone starts to take this slaughter for granted they should think about why they are there but more importantly how to stop the rot. The world isn't going to continue to sit by why the U.S. goes pillaging whereever it feels like. It is so sad the U.S. has fallen so far.