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.
If we had kept what Nixon put in place, we would still have a healthy policy today. Therefore, Nixon’s policy did not backfire.
There is nothing in your post that I cannot agree with.
The amazing thing is that it was pushed on the American people as a good thing by the greatest propaganda machine the world has ever seen (the most subtle), the main stream media. We kept hearing about the glories of the post industrial economy ad nauseum. What a joke on the American people!
Tom Brokaw should be very proud!