Thom Hartmann: America is being left behind in the global economy

[thomhartmann]

Run time: 04:58 https://www.youtube.com/watch?v=uH-6vaEGBsc   Posted on YouTube: April 14, 2011 By YouTube Member: TheBigPictureRT Views on YouTube: 130   Posted on DU: April 14, 2011 By DU Member: thomhartmann Views on DU: 612

 
The Big Picture with Thom Hartmann on RT TV "live" 9pm and 11pm check www.thomhartmann.com/tv for local listings

[PonyJon]

1. You just noticed?

American workers were left behind in the global economy about 4 decades ago.

[elias49]

2. Nice piece. What confounds me is this:

Are those who would turn their backs on the concept of a 'United States', that covet truly unnecessary wealth, who would not blink as the country was bankrupted...are these people so blind that they don't realize that they, too, will be relegated to the dustbin in the end?
Do they think that they'll stuff a last suitcase with cash as the final whistle blows and run to Brazil. To start over?
Chances are that there won't be anywhere to run.
What the military industrial complex hasn't fouled and broken will stand as a reminder of what a grand experiment was the human race.
A dystopia. Welcome to it.

[Enthusiast]

4. Oh I think the PTB

will eventually go for broke by pulling a Hitler style quest for military world dominance. Bush even mentioned 'tactical' nuclear weapons to use on the battlefield. That would be a huge game changer. It would probably be something like the U.S. and the UK vs the world.

[JDPriestly]

3. The interesting thing is that some of those countries, like China,

owe a lot of their economic development to investment from the US including the investment of the pension funds of Americans.

And almost all of them owe their "success" to the fact that they sold their products cheap in the US and undercut and destroyed our domestic industry.

What goes around comes around.

And, we shall see that when these countries agree on a new international currency, if they ever do, then they will discover that they have lost the goose that laid the golden egg -- the stupid American consumer who can be sold any piece of junk as long as it is cheap and shiny, makes a cute noise and looks like something that used to be quite durable when Americans made it.