There were also those most especially in the Reagan adminsitration who used tariffs, quotas and the threat of higher tariffs to eliminate some of japan's predatory trade practices. Ronald Reagan recognized the issue and dealt with it. Look up that history and you will see that. this has been explained to you before.
Well that has been proven wrong in 2003.
and for that you should be grateful to Ronald Reagan and his policies. He also won the Cold War for which you should be grateful.
Your alls rhetoric, IMO, mirrors the doom and gloom that was being said 20 years about Japan.
While you are entitled to your opinion on my rhetoric I am do not consider it doom and gloom to point out problems that I see as structural. I want GWB to be able to run for relection on a platform of stay the course or something similar. If we contiunue to have fewer people employed every month then such will not be possible and he will haver to run on Prosperity is just arround the corner. The two platforms are vastly different. Again this has been explained before. Perhaps we would not have been having this discussion if the full Bush tax cut had been implemented but it was not. Of course again IMO we would simply have deferred the date of this discussion.
You can go into economic theory all you want, but I look at history, since those who don't learn from history are doomed to repeat it.
I also look at History and am an Historian by education. Now i have given you some detailed history and the devil is in the details.
Unemployment is going down. Economic indicators are going up, and yet you are wailing that we are in another depression.
It ain't a depression, but a correction.
Face it IT workers in India can compete with us now. They keep us competitive.
Also from all the reports I have seen, at the most 10% of IT jobs are going overseas. That is much milder than the 50% contraction in employment the steel industry suffered in the late 70's and early 80's and the country survived and moved forward.