How can the US expect the economy to grow when production and manufacturing jobs continue to go overseas?

Domestically, the United States produces little, off shoring has seemingly consumed companies based in the US and has turned them into multinational companies who make their products in other countries. The only legitimate way to pay back debt or have a viable economy is to have exports through manufacturing and production to offset the debt and seemingly unlimited consumer spending. If foreign countries were to take away our ability to import or borrow money the economy would collapse tomorrow and there would be an enormous amount of money with an extraordinarily small amount of goods which would create a hyperinflation scenario. The monetary policies we have now of expanding the money supply with 0% interest rates is also very dangerous for inflation down the road. All this stimulus money, hundreds of billions of dollars, in my opinion, should go all around the country into creating new factories and the tools in the factories to create products through mass production. In my view, country has to go back to a sound base of economics, saving its money, exporting products and natural resources to pay back the trillions of dollars of debt, not relying on other countries for their products, raising the interest rates quite a lot and only allowing reasonable loans, and cutting government spending quite a bit. Of course, this would force the country into a recession which everyone seems to want to avoid right now. Also, the argument that we shouldn't produce and that we are no longer in the industrial revolution is not a good one to make, China and India are and they are doing much better then the US at the moment.

Asked By: interdependent globalized world - 6/14/2009
Best Answer - Chosen by Asker
In addition, the environmentalists are impoverishing the West by hindering legitimate business pursuits related to oil and gas and nuclear power... More
Answered By: Andrew S - 6/14/2009
Additional Answers (2)
They can't. As long as the unions have a grip on our manufacturing, we will never compete with foreign manufacturing. The constant demand for higher wages and benefits keep pushing up the cost of manufacturing here in the U.S. $2,000 of a car manufactured in the U.S. goes to paying union benefits. The current... More
Answered By: Mark S - 6/14/2009
I only read the initial questions and the answer to that is EDUCATION. Americans shouldn't even have these labor jobs, we have Mexicans for the farms, and chines for production. Americans ALL have the opportunity to receive a college education and do something with themselves, such as owning a small business, becoming... More
Answered By: nUts - 6/14/2009
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Earn $95/hr Bookkeeping Right From Home. Free Video Explains All!
Click. Search. Apply. Free!
Jobs hiring now near your local area. Find a job and apply now.

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook Article Rating
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-302