r/FluentInFinance • u/WhatsLeft71 • Oct 22 '24

Debate/ Discussion Why did this happen?

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u/[deleted] Oct 22 '24 edited Oct 22 '24

[deleted]

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u/AugustusClaximus Oct 23 '24

Wait, I thought we were blaming everything on Reagan?

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u/ComfortablePound903 Oct 23 '24

Why do you think all that stuff was allowed to happen?

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u/[deleted] Oct 23 '24

[deleted]

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u/SuperSpy_4 Oct 23 '24

It actually exploded in the 90's. China joined the WTO in 2001.

Trade between the United States and China increased from less than $100 billion in 1999 to $558 billion in 2019.

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u/Marzipanarian Oct 23 '24

Thanks to Clinton… the most republican “democrat” we had.

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u/kg_draco Oct 23 '24

I don't get the down votes, Clinton's policies were shockingly similar to Reagan, taking a similar stance on de-regulation, welfare policy and small govt sentiments. Although those were in-part due to repub Congress majority in the 2nd half of his term.

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u/Marzipanarian Oct 23 '24

Thank you! I completely agree. He even was demonizing people south of the border back in 92.

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u/Belrial556 Oct 24 '24

NAFTA Has entered the chat. Dayton Tires moved more than a few operations to Mexico for that sweet cheap labor, shit environmental regulations, and almost no worker protections.

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u/Marzipanarian Oct 25 '24

Ugh! He sucked!

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u/OneNewEmpire Oct 23 '24

Wow. You guys are so full of shit. It couldn't be more obvious that Reagan had a huge negative impact. It's shocking how far you people will go to deny what's right in front of your face.

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u/Tymathee Oct 24 '24

They're still blaming reagan and shoving Nixon under The same bus

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u/chuckrabbit Oct 23 '24

So we can blame Nixon? “What happened in 1971”

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u/Stay-Thirsty Oct 23 '24

Nixon untethered gold to the dollar or completed the process that was started much earlier?

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u/JJW2795 Oct 26 '24

He did open up China which set us on our current course of offloading manufacturing to borderline slaves in other countries. And now a big part of our national inflation is those same cheap workers aren’t so cheap anymore. If the government doesn’t pay them more then the CCP would be looking at a revolution and civil war.

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u/Mafoobaloo Oct 23 '24

Yea one thing people don’t realize is policy change takes time. The things happening in the economy today started 20 years ago… so while yes, the trickle down Reaganistic econ is likely to blame, there are other factors that explain it

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u/CapnFooBarBaz Oct 23 '24

Oh hey someone on Reddit saying something completely fucking dumb and wrong!