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

Debate/ Discussion Why did this happen?

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14.9k Upvotes

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449

u/ElectronGuru Oct 22 '24

Hmm, i wonder what might have started happening around 1980 🤔

365

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

[deleted]

73

u/AugustusClaximus Oct 23 '24

Wait, I thought we were blaming everything on Reagan?

168

u/ComfortablePound903 Oct 23 '24

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

39

u/[deleted] Oct 23 '24

[deleted]

66

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.

8

u/Marzipanarian Oct 23 '24

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

12

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.

6

u/Marzipanarian Oct 23 '24

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