JimBowie1958
Old Fogey
- Sep 25, 2011
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Gingrich and O'Reily are spot on here.
At the end of WW2, the USA had the only major industrial complex untouched by war. Our GDP was hugely globally dominant in the post war 1940s, and we put into laws great many incentives for our nations businesses to invest and grow into allied nations. Those laws have been tweaked over the decades to include almost any nation with 'favored nation' status. And then we set up NAFTA and GATT to compound all of that.
Well, news flash to the GOP Establishment, the rest of the world has recovered, and the continuation of all these laws is killing us. We are no longer the completely dominant global economy we once were, and China is almost bigger than we are in terms of GDP. So we dont need to continnue these laws and policies any more.
The trouble is that the GOP establishment is composed of a whole bunch of these Globalony people who still make a killing with these policies and they dont want to lose that even if it means that the rest of the country is fucked on a daily basis.