It is possible that it prevented a war or wars, since it is not to their benefit to attack their major trading partner, and better to their interests they sit back and watch us financially mismanage ourselves into economic oblivion.
The traitors who benefited from our selling out our industrial base and pushing the "service economy" should get the blame they deserve. It has cost our workers, jobs and our investors, capital. We are approaching a point that we will be unable to change course, even if we could agree on a direction to take. Obama is an accelerator to this dismal condition and is totally clueless, corrupt and incompetent.
I want to stress, this isn’t leveled at you. I do think it’s very important to clearly define what our problems really are, so that we can modify our actions and avoid doing bad things again.
If we had kept what Nixon put in place, we would still have a healthy policy today. Therefore, Nixon’s policy did not backfire.
Our trade policies changed around 1992, as we began to dump every bit of trade we could off on China. That was the policy that backfired. It’s the policy I stated would backfire, and it has. Still, we haven’t seen anything yet. It’s still blossoming out, and before that policy is done, you’ll see backfire in living color, even here on our homeland.
Hands off with major trading partners did not prevent WWII. France, Britain, other German trading partners were attacked without mercy. Don’t get the idea that trade prevents wars. It merely makes them possible.
As for traitors, you’ve got my blessing going after them, but they’ll be long gone to the next new mecca by then.
As much as I’d love to lay this at the feet of Obama, Bush, Clinton, Bush got us here. He isn’t going to help, but the barn door has been open for far too long to even mention his name at this point. Give him a few years. He’ll no doubt catch up, but he’s got quite a ways to go.