I was speaking of more than just trade. Obama's wild
Posted on: April 12, 2025 at 12:25:14 CT
JeffB
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spending, including, but not limited to hundreds of billions in support of ramping up and continuing the Ukraine war, funding for tearing down parts of the wall, encouraging illegal immigration, then transporting, feeding, housing, and providing health care, education, help in getting Social Security cards, drivers licenses & other documentation to make deportation as difficult as possible if not impossible. Throwing more billions at Democrat friendly companies for solar & assorted other attempts at government/private sector entanglement helped in what seemed to be a strategy to spend America as far into debt as possible to in an attempt to make it impossible to reverse the economic destruction of America.
US public debt and private sector debt deteriorated under his watch and that seemed to be a major goal of his puppeteers. Our trade deficit & manufacturing base were undoubtedly further adversely affected as well, and so was the ongoing devaluation/destruction of the US fiat currency. Our European trading partners' economic situations have also deteriorated substantially as their downward slide has been accelerating.
We may well see whether or not the slide of countries in the west have deteriorated their relative economic strength to the point that it will be impossible to reverse when challenged by the BRICS & ASEAN blocs which have been continuously growing in strength for some time, in contrast to the slide in the west.