vitus979 wrote:
Why is it that when we suggest adopting a practice that just about everyone else already does, it's like declaring war on everyone else, and will ruin the world economy and our's, too?
There was a general economic debate between Republicans and Democrats that took place in the 1980s.
Reagonite Republicans argued in favor of free trade, low taxes, and little inflationary government spending.
Carter era Democrats argued in favore of trade barriers, high taxes and stimulative government spending.
The Reagonite republicans won this debate. Reagan's policy's appeared to work. There was growth. And importantly inflation was brought under control.
Democrats surreptitiously recognized the victory of Reagonomics. They surrendered on a number of issues.
This democrat "liberal" surrender to logic of global capitalism was brought to its highest level - when free market initiatives were brought forward by Clinton and later Obama.
It is not the resurrection of Carter era economics that has "liberals" upset.
It is that after having lost every economic debate for the last 20 years "liberals" now find Republicans arguing against free trade and in favor of protectionism and inflammatory spending.
But who knows maybe Carter was right.
We will find out if Trump gets his way.