So what? What's capitalism again? Oh I forgot it's competition. We need to have a living, if Americans companies can't provide it for us then foreign companies will. When companies compete the average consumer will benefit.
We don't need to manufacture goods in America, we can have jobs distributing foreign goods and/or services. If GMC and Ford don't want to do business here? Oh well I'm sure Honda and Toyota would love to see more of their cars on American roads. More sales for them = they will bring more jobs here. Instead of working for GMC and Ford, people can work at future Honda and Toyota's assembly plants. Working for GMC and Ford dealership right now? Then apply for Honda and Toyota dealership.
Don't forget, Baby boomers are getting old and becoming more conservative with their money. This could be one of the reason for the economic downfall. They consist of 1/3 of the American population and statistics have shown that the next generation is no where near that. Therefore we need a reduction in jobs anyway.
Oh yeah, until China catch up in 5-10years, America is still the buying power of the world. We might not be the richest, but we sure love to spend. Companies have always wanted to compete here, especially foreign companies because we buy most of the goods and/or services that companies offer.
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