The rise and fall of Schwinn is the story of America. A poor, agricultural nation became the world's mightiest industrial power. The best cars, airplanes, bikes - the best and most productive industrial machine the world had ever seen. A nation where, if mom chose to stay home with the kids, dad could go to work and make a decent living. Average folks could buy a house, and buy a new car every few years. Send their kids to college. Have a decent health plan and a decent pension.
Now, we are becoming a nation of Wal-Mart clerks, ringing up stuff made by slave labor in communist occupied nations. American mom and dads are sometimes work two $6 an hour jobs each, just to keep the familiy off of food stamps. Even our military marches in communist-made boots. If we ever go to war with China, we must first get China to agree to continue to keep our army from being bare footed.
Over the past four years, entire mills that once turned out cotton cloth and clothing for our country have been packed up and shipped to China. Many of our politicians are getting "consulting" fees from the importing companies that profit from destroying American employers. Our trading deficit, along with the exploding national debt, has mortgaged the future of our children and grandchildren.
The fall of Schwinn was the "canary in the coal mine" - the warning for middle-class Americans that their children might never enjoy the benefits of a middle class lifestyle.