Yeah but in those days the USA made things and sold them overseas.
Now you don't make much, and everything is being outsourced.
Wait till Chinese cars start selling in the USA for $5,000.
It's not going to be the same. People that have got new jobs are often at a lower pay rate. You need 3 percent GDP growth to start soaking up the unemployed ? How are you going to get that! (selling more imported stuff ?)
And wait til the currency wars really start when Bernancke starts printing on Thursday.
I like to be optimistic, but I don't see any reason to be so at the moment.