"suckered" being the operative word.
Consumer demand for lower prices has lead manufacturers to use Chinese sites to make their products. Now it is almost impossible for a consumer electronics company to be competetive unless their products are being made in Asian countries.
But now the Chinese economy is the second largest in the world, and the current predictions are that they will soon knock the US off their perch.
Meanwhile we're struggling through a recession, we're losing jobs, and the financial system is in crisis. Politicians are running around trying to find a way to kickstart our economy again.
I wonder when the penny dropped that we can't possibly kick-start our economy, because we don't produce anything anymore! The Chinese (and countries like them) have it all. They have the products, they have the talent, they have the facilities, and they have the infra-structure for mass production.
We've given it all away.
So yes, "suckered" is indeed the right word.
AH.