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How to Boost U.S. Exports

Correcting the current account balance, and trade deficit, is an absolutely daunting task:

The U.S. is a $7.4 trillion dollar debtor country (since 1985) and compounding.

The volume of foreign financing required to float new government debt issues each fiscal year now averages about 49%.

The U.S. imports approximately $335,992,800,000 of oil per year (@78/barrel) & 12.1 MMbd.

There were 700 foreign military bases, in 130 countries, employing more than 500,000 military personnel (2003 figures). But these numbers didn't include bases in Afghanistan, Iraq, Israel, Kuwait, Kyrgyzstan, Qatar, and Uzbekistan (this constitutes a correctable drain on the dollar - multilateral claims to foreigners).

China: Caught in a Monetary Trap

Is this about the Phillips Curve?