Land of Opportunity turning barren

Rex Nutting says in Marketwatch, "With millions of people twiddling their thumbs waiting for a job, the Land of Opportunity is in danger of becoming barren. Nearly three years into our economic wilderness, we still can't seem to find our way out. Fifteen million Americans are looking for work, and most of them know the job they once had is gone for good. Millions more are working, but need something better than part-time hours or a dead-end job .... "

But Rex pointedly misses or declines to mention the direct corelation between our trade deficit (and the resultant job exports), and American unemployement rate (and the consequent decline in the quality of life of lower middle class Americans which is also in direct proportion to the rise of the new lower middle class in India and China).

Unless we sell more than we buy we will be broke - so its time we go back to school for Adam Smith and Economics 101 because we've obviously forgotten the basics.