Weak Dollar Won't Save You

All our dollars are created from debt. Why would our foreign creditors ( who are also the source of our imports ) continue to buy the Treasuries, if the dollar is being devalued to make our products more competitve with theirs? The Chinese aren't going to fund the theft of their market share.

As the dollar slides, interest rates will need to rise, in order to compensate those who invest in US debt. It is impossible to have both a weak dollar and debt that is priced attractively, so predicting that the US will be able to maintain a weak dollar policy long enough to close the trade deficit is not realistic.

Besides, who has seen any indication that the multi-national corporations that run the global economy have any interest in returning manufacturing strength to America?