1, Ok that explains why 46m yanks are out of work, food stamps needs are increasing.
2, As long as you are a share holder is one of the above it' s ok but the average man on the street is not going to get the flow on,
3, of course there will always be USA but the glory days are gone were some one got a job for life in a steel mill or on the production line at GM.
4, Some of the bigger companies could move of shore if the IRS start hounding them to prop up the country.
1, The unemplyment rate is 8.3%, thats not overly bad, It's cyclical. It's a far cry from 25% during the great depression, And if your a glass half full type of guy you can look at it as over 90% emplyment.
2, offcourse there will be flow on, the shareholders and employees of those companies need to be housed, fed, cars serviced, served in shops and restruants, they need their lawns mowed, hair cut, planes and trains piloted and crewed, highways built and repaired, they need medical treatment, adive from accountants lawyers, fitness instructors, kids schooled, fire men, police etc etc,
3, their will always be steel mills and factories in the USA, But yes alot of the low porfit work that no one want to do will be offshored,
4, There is far more to it than that, and the american tax system is quite low rate compared to others,
