"If this was a solution believe me the market would figure it out and reflect that. In fact if it was true, there wouldn't be any engineering jobs available in the US in that it would be uncompetitive to have engineers in the US."
Isn't this what's already happening right now? The US is still competitive only because of the Capitalist structure that is already in place. Obama and other Occupy(tm) Socialists are destroying that, and soon you won't have any jobs left.
p.s.: Most of us from the 3rd world would like the US to keep its superpower status, to balance the threat of China. :)