How Bill Clinton junked America’s supremacy

[Doc7505]

How Bill Clinton junked America’s supremacy
The US-China Act was a monumental mistake​

https://spectator.us/bill-clinton-ju...ica-supremacy/
By Freddy Gray
This is a good day for America,’ said President Bill Clinton on May 24, the Year of Our Lord 2000. ‘In 10 years from now we will look back on this day and be glad we did this.’ Clinton was talking about the House of Representatives’ vote to award normal trade relations to China. And he was right.
By 2010, despite the crash of 2008, the knowledge class still largely considered the decision to support China’s entry into the World Trade Organization as a great boon. China’s rise had turbocharged globalization and made us all richer — never mind the stupefying sovereign debts. Labour unions had opposed it, but leaders and corporations were still enthralled by the gargantuan consumer markets.
Fast forward another decade, however, and the US-China Relations Act, Clinton’s last significant legislative accomplishment, looks like a monumental mistake: the moment when America, perhaps the greatest superpower of all time, rolled over and invited its demise.
~~Snip~~
Beijing also ensured that strong independent Chinese companies did not emerge as a counterpoint to its centralized power, as Japan and other Asian countries had done with Toyota and Hyundai and so on. Huawei, the telecoms giant, now pretends to be the exception to the rule. It is really a state-backed giant.So China became the factory of the world and the global economy warped. In 2020, we see the consequences and they aren’t good. ‘A lot of Americans died for freedom, and a lot of sacrifice should not go unredeemed,’ said Clinton, on that fateful day. ‘We owe it to them, to their children and to our children and grandchildren to give the world a chance to build a better and a different future.’ Then he went and gave it all away.

Comment:
In truth we cannot blame Democrats alone for this decision.... It was a bipartisan decision. As someone I know said to me, "Clinton didn't do it alone, the entire Baby Boom generation consumed America's future".
It was not aided by president Bush's (41) decision not to hold China's feet to the fire for the Tiananmen Square debacle and the human rights violations.
Although there were instances like China Gate and the sale of missile technology to China that stand out as perfidy on the part of the Clinton's.
It remains a 'Win-Win' for the Evil Alliance of Globalists within America trying to defeat American dominance in manufacturing and technology that dominated the world.
It took Obama and his "Fundamental Transformation of America" to complete the job Clinton and globalist began.
Trump is right that we did it to ourselves. We enacted agencies, rules, regulations designed to make our industries non-competitive. Today we can either clear the deck of such laws or accept a lower standard of living. Thankfully, as we have seen, President Trump has decided to clear the deck.

 

[the other mike]

How Bill Clinton junked America’s supremacy
The US-China Act was a monumental mistake​

https://spectator.us/bill-clinton-ju...ica-supremacy/
By Freddy Gray
This is a good day for America,’ said President Bill Clinton on May 24, the Year of Our Lord 2000. ‘In 10 years from now we will look back on this day and be glad we did this.’ Clinton was talking about the House of Representatives’ vote to award normal trade relations to China. And he was right.
By 2010, despite the crash of 2008, the knowledge class still largely considered the decision to support China’s entry into the World Trade Organization as a great boon. China’s rise had turbocharged globalization and made us all richer — never mind the stupefying sovereign debts. Labour unions had opposed it, but leaders and corporations were still enthralled by the gargantuan consumer markets.
Fast forward another decade, however, and the US-China Relations Act, Clinton’s last significant legislative accomplishment, looks like a monumental mistake: the moment when America, perhaps the greatest superpower of all time, rolled over and invited its demise.
~~Snip~~
Beijing also ensured that strong independent Chinese companies did not emerge as a counterpoint to its centralized power, as Japan and other Asian countries had done with Toyota and Hyundai and so on. Huawei, the telecoms giant, now pretends to be the exception to the rule. It is really a state-backed giant.So China became the factory of the world and the global economy warped. In 2020, we see the consequences and they aren’t good. ‘A lot of Americans died for freedom, and a lot of sacrifice should not go unredeemed,’ said Clinton, on that fateful day. ‘We owe it to them, to their children and to our children and grandchildren to give the world a chance to build a better and a different future.’ Then he went and gave it all away.

Comment:
In truth we cannot blame Democrats alone for this decision.... It was a bipartisan decision. As someone I know said to me, "Clinton didn't do it alone, the entire Baby Boom generation consumed America's future".
It was not aided by president Bush's (41) decision not to hold China's feet to the fire for the Tiananmen Square debacle and the human rights violations.
Although there were instances like China Gate and the sale of missile technology to China that stand out as perfidy on the part of the Clinton's.
It remains a 'Win-Win' for the Evil Alliance of Globalists within America trying to defeat American dominance in manufacturing and technology that dominated the world.
It took Obama and his "Fundamental Transformation of America" to complete the job Clinton and globalist began.
Trump is right that we did it to ourselves. We enacted agencies, rules, regulations designed to make our industries non-competitive. Today we can either clear the deck of such laws or accept a lower standard of living. Thankfully, as we have seen, President Trump has decided to clear the deck.

I voted for Perot in 1992...and Nader after that, so don't blame me.

 

[watchingfromafar]

Da za vu
A new Russian mole has oozed from the cracks of Fascism and low and behold it is among us once again
Doc7505; I see you
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