shockedcanadian
Diamond Member
- Aug 6, 2012
- 29,923
- 27,188
- 2,405
Two big factors in Carter's defeat in 1980 were the hostages in Iran and the brakes he put on the economy through his choice of Paul Volcker to head Federal Reserve. He pretty much signed his own presidential death warrant knowing of Volcker's tight money route to fight inflation that was whipping us since the start of the decade.
If James Carville's "it's the economy, stupid" has any truth at all, look for a Trump landslide.
Trumps economic success is because he was smart enough to know what would work, and, to realize the same people who didn't want him to do what he did were worried it would work, and thus, jobs would come back.
It was a no brainer that industries and jobs were stolen by China primarily, but also Mexico and Canada, to a lesser degree. Also, if he could keep people from entering illegally, it would ensure Americans had those jobs, and they would see wage increases. He made it less inviting to invest jobs in China.
Let's not forget the absolute certainty some had, and some skepticism other networks had (some on Fox) to the outcome of confronting China. CNN literally laughed and scoffed at the idea that U.S could beat China. They were too naive to understand that China isn't God. They believed "the entire economic eco-system won't work without China! Good luck pal!"
Check out the old videos, it's astounding. Some of the "experts" from WSJ and other outlets. Basically comparing the U.S situation to what happened during the Great Depression. They think that this "protectionism" was the same as the depression. Also, they are too uninformed to understand the vast differences in the banking system and access to money, which was the primary reason for the depression as far as I am concerned.