>But isn't it also true that little of this profit is really
>beneficial to "America" since little of it is reinvested in US
>infrastructure, most of it is kept abroad, even if it doesn't stay
>in China?
Corp profits have thrived in this expansion, up an average of 25% a year. But corporate investment hasn't followed suit - corps have been transferring buckets of cash to shareholders, via dividends, buybacks, and takeovers. They don't keep it abroad so much as they keep it for themselves.
Doug