Oops, Franki, I pulled the above "quote" that you took, because I was trying to edit it and I ran out of time.... you must have copied and posted shortly after I signed off. Mostly, I wanted to edit out any harshness that you might interpret as being directed particularly at you. In any case, sorry about that.
I've answered many of your questions before... you just don't like the answers. We are not nearly as bad off today, as we have been in the past. Yes, we are at our highest ever level of debt in regards to dollars... but I don't believe we are at the highest level of debt per capita. The population has increased dramatically... but as I have pointed out to your so many times, the debt level in 1945 was significantly high, because of the Great Depression and the aftermath of economic calamities. The war erased the collapse of our production, it's workforce, etc., but the Government increased it's expenditures to a monstrous proportion... it literally hired every available man under the age of 40, and then it subsidized business to build thousands of new plants, hire workers, and output product of every description that the goverment itself bought!!! Talk a "stimulous"... what we've seen in the last four years is nothing compared to that.
Regarding that massive industrial base you refer too... it had pretty much collapsed in the early 1930's. FDR's "stimulous" not only rebuilt it, it multiplied it beyond anything imaginable, even when compared to our present time.
The manufacturing base in the present United States has surely shrunk, but it is still huge and we are still the most productive and the most innovative nation on the planet. Problem is the conservatives have set all the rules in favor of "profit" for the corporations... and that means that the American worker gets the shaft. It is definitely more "profitable" to higher workers in China, at least on the short term.
It is also more profitable to move manufacturing "off-shore"... because our past governments have removed the taxs on profits made "off-shore". There is also no American penalty for "off shore" corruption, pollution, or harmful and dangerous working conditions... and it is rather easy to bribe officials to "look the other way" in all too many foreign locations of U.S. -owned manufacturing.
What we need to do is stop giving tax breaks to companies that off-shore our jobs. In fact, we probably ought to be coming up with a tax, the penalizes any U.S. company that has shut down a plant or reduced it's U.S. employment in favor of off-shoring. But I'm sure that would be blocked.
If you don't believe the "hesitation" comment that I made... then you apparently have not been listening to the financial news. Sorry!
Immigration reform is needed, but you again fail to recognize the fact that in the last four years illegal immigration is down and deportations are way up... gee, didn't I already tell you that? Illegal immigration was rampant under the previous Republican adminstration, was it not?
It's late, we'll have to continue this another day,