Have our (U.S.) government & corporate foreign trade and domestic economic policies finally come home roost?

Nearly all of our manufacturing jobs have gone to countries oversees and what few manufacturing and construction jobs that are left are being filled mostly by low wage illegal & legal alien workers. We are borrowing money at a record rate just to keep our war-time economy going. Because of our government's long term plan during "The Cold War" to turn all other nations into Capitolist Democracies, we now are having to compete with these same countries for jobs and natural resources (OIL). What do you think about the shape of our economy, low wages, disappearing middle cl blue collar jobs, unbelievably record high fuel prices, the housing credit crisis and it's effect on new housing starts? Anything that you would like to add to the list would be much appreciated. Thanks.