It's probably a a combination of factors, but what would you say is the primary reason for the US economic problems?
A personallly I attribute the greater weight of our situation on cheap overseas labor competing with relative high income American incomes needed due to our higher cost of living that has reached a peak in 2012. You can't buy a nice home in America for $20,000. You can in Mumbai.
Mumbai Property Rates |Real Estate Mumbai|
YouTube - Giant Sucking Sound - Ross Perot 1992 Presidential Debate.flv