Fucking idiot! This has been happening for the last decade, before Obama even came into the picture. The problem is greedy short term investors who drive companies to short term profits over long term profitability and quality. That's what unregulated capitalism does it drives towards the lowest common denominator - fastest profit with the highest cost at the lowest possible quality until a company implodes and can be sold off piece meal in order to put even more profits in the hands of the investors.
I differ, to do business in the US is now too legally complex and too tax expensive. INS is too meddlesome, keeping the good people out... why tolerate it any more? Just like my investments, most of my trades on the NYSE are in companies with a healthy offshore content as with even more liberalism and associate loss of freedoms and more increases in taxation promised there is no way US is going to lead a recovery.
Now if you believe the recession/depression is over, go ahead, the evidence says not with 550,000 job loss in a traditionally good month of July says different.
Americans can compete, but the environment of more bigger expensive dominating government is a load too big to do it. Get the moneys off the workers backs, and recovery will occur. That includes making corporate welfare to banks and GM a federal criminal offense as it should be. Nothing in the constitution says people coast to coast should be subsidizing banks and corporations.
Get the parasites and corruption out of the system and prosperity will return.