sain't obama was a big advocate for this crap pcr speaks about; 

Globalism Destroyed American Jobs

Paul Craig Roberts

For many years I reported monthly on the jobs reports from the Bureau of Labor Statistics.  Over the years the new jobs were consistently in health and social assistance, waitresses and bartenders, and government employment.  

Manufacturing jobs making things that could be exported to pay for imports simply were not present.

I emphasized that the jobs offshoring policy associated with globalism was de-industrializing the United States and destroying the middle class and the ladders of upward mobility that had made America an opportunity society.  I held accountable the economic professors at Harvard and Dartmouth who promised that the lost of US manufacturing jobs, which they derided as “dirty fingernail jobs,” would be replaced by higher paid clean fingernail tech jobs.  No such jobs ever appeared for the displaced manufacturing work force which has ceased to exist.

Fortunately, the US dollar being the world reserve currency allows the US to pay its bills by printing Treasury bonds.  As Treasury bonds are the reserves of most foreign central banks, there has been a constant demand for more reserves.  Thus, financing the US debt has been no problem. When US debt grows, so do the reserves of the world’s central banks.  No problem.  David Stockman in 45 years has been unable to learn this............more..........