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It was Clinton who made the WTO, GATT and NAFTA treaties that made manufacturing be sucked out of the US. Carter was only following up on Nixon. It was Nixon-K
by kranke155 2y ago
It was Clinton who made the WTO, GATT and NAFTA treaties that made manufacturing be sucked out of the US.
Carter was only following up on Nixon. It was Nixon-Kissinger who had the brilliant idea of splitting the communist bloc (an idea which I’d say likely helped shape the end of the Cold War - without China influencing Asia in cooperation, the Soviet threat was much reduced). Carter was only following up on a winning strategy.
But it was Clinton and his team who did the most work to wipe out the American industrial sector.
- deleted 2y ago[deleted]
- notthemessiah 2y agoClinton kind of finished the job which killed what remained of US industry, but we cannot ignore the role that Carter played to deregulate many industries (though some of the deregulation was good), as well as Carter's appointment of Paul Volcker, whose interest rate hike shocked the US into embracing trade deficits and empowered China to take up on lost US manufacturing. Nixon's 1973 shock left Carter with the stagflation which put him in the situation to begin with, so his political wins came at a horrific economic cost, and ended up blowing back at us in the end.
- kranke155 2y agoSure. I would say, I just think there is a big difference between implementing a series of treaties (correctly denigrated at the time) like Clinton and trying to solve a catastrophic situation like Carter.