What Do Germany, China, and India Have to Do with U.S. Unemployment?

In this straight-talk video, Austan Goolsbee explains how the U.S. economy stacks up against the other major economies of the world. 

I think he does a fair good job in explaining how Germany, China and India stack up to the U.S..  But I'd like to see him do a better job explaining what's at stake in these so-called "trade talks" and "trade agreements" between countries (practically inscrutable if  you follow the business press).  

I also would like him to do a better job of talking about why the U.S. has to start promoting manufacturing and export industries the way for example Germany has. As long as our corporations are making money, we haven't cared where goods are made or by whom.  And guess what, the chickens are coming home to roost now because not only have we lost manufacturing know-how but we have decimated our middle class so that over time our consumer power will erode and we'll become a less affluent nation.  

Grim?  Irreversible?  No way.  But the answers won't come from existing Fortune 1000 business leaders who are all too happy to send American jobs and factories overseas.