1. Brazil, India, Russia, Japan, South Korea, Australia, and South Africa.
2. Shannon Bond, “US Trade Deficit Reaches Six-Month High,” Financial Times, February 10, 2012, http://www.ft.com/intl/cms/s/0/5cfbb37c-53f0-11e1-9eac-00144feabdc0.html#axzz1mBksGujU.
3. Incomes for many Americans have stagnated for decades. For example, in 2010 dollars, median male income in the United States in 1970 was $33,423. In 2010, it was $32,137. See, for example, data from the 2010 census at http://www.census.gov/hhes/www/income/data/historical/people/2010/P05AR_2010.xls. Household income has increased over the last 40 years, but even here the increase has been paltry, especially in the last 10 years, in which it declined. See “Cutting the ...