Foreign competition is forcing American industries out of business. In areas where the United States was once the inventor and world leader-areas such as consumer electronics and appliances and on and on-we’re virtually out of business. Our basic industries are disappearing.Workers have been displaced and demoralized. Real unemployment and underemployment (partial employment)are high. Not only have we become a debtor nation for the first time in history, we’ve become the world’s largest debtor.