American industry no longer makes things. We import them. We can't even export services any more. Between 2002 and 2004, service exports shrank from $61 billion to $48 billion. Instead, import of goods rose from $482 billion to $666 billion.
So what do we export? All we have: money. The $618 billion difference was made up by exporting dollars, with which the countries that made the goods are buying American industries and property and future taxes on American labor in the form of federal government debt. Industry jobs need math students. So our tax-funded union-controlled education system graduates math students ranking 24th among the 29 countries compared.
Post-prosperity is rapidly approaching.
Robert W. English
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Salt Lake City