clinton years90s

Upload: mike-holiday

Post on 08-Apr-2018

221 views

Category:

Documents


0 download

TRANSCRIPT

  • 8/7/2019 Clinton Years90s

    1/2

    History of the Clinton years.

    I have said and will say for the rest of my life that Bill Clinton was the United States worstPresident EVER! I am amazed & astonished on how many Democrats still have the puppy dog

    love look in their eyes when he is mentioned.

    The majority of business owners are indeed Republicans, not all but a majority yes. Businessesonly care about the bottom line, not me or you, or Suzie Q down the block, yes. We know whowe are dealing with.

    Clinton sought out to negotiate with Republicans because if he was to get anything done while hewas in office there sat a Republican congress in his way so Clinton negotiated. First thing thatcame was NAFTA.

    Next GATT, an acronym for The General Agreement on Tariffs and Trade. The organization was

    started in 1947. The group had been trying to get the US to agree to terms of a trade deal since1986. Clinton convened Congress in the winter of 1994 to to ratify the trade agreement whichthey did. This is where the WTO Wold Trade Organization came from which started in 1995. Theformation of the WTO gave within it stronger powers to enforce trade agreements and to cover abroader range than the GATT had ever thought about.

    What GATT did was it lowered tariffs worldwide by $744 billion over ten years. The largest inthe history of the world ever. It cut tariffs on manufactured goods by more than one-third overalland eliminated tariffs in major markets.

    Tariffs rates had been high up to this point so that American made products achieved a better buy

    locally i.e. cheaper so that the US economy revolved around itself. The higher tariffs allowed anAmerican worker to go buy a product made by an American worker whose money was then usedto pay the worker for making the product the other had just bought. It would also guarantee taxrevenue for the government itself. It worked but Clinton changed that. Anyone with a functionalbrain could have known that this deal would kill American industry but Clinton had what wasthought of as a trump card called the internet.

    Remember Al Gore saying he invented it? He didn't it had been around since the 1950's but hedid have a part in making the net what it is today. Clinton & Gore went all in on the hand & thenet took off. We all should also remember the days of net stocks climbing so high it madebillionaires out of anyone who had a site that went public no matter what it was. Clinton & Goresaw this as the new US economy much like President Obama calls green technology &knowledge (whatever that means) a basis for the next economy. This is where Clinton failed each& every one of us. He had no foresight. the net was taking off so fast no one thought about howit would be when it evened out and subsided.

    In 1999 Clinton then signed the Chinese Trade Agreement into law. This was pretty much a warpreventive. The Chinese were like the North Koreans, a Communist Military dictatorship. Theydid and still see Taiwan as part of their nation. They were threatening to once again make the

  • 8/7/2019 Clinton Years90s

    2/2

    nation whole by taking it over. The US which had many business interest interest in Taiwan(remember all the made in Taiwan stickers on our products?) couldn't allow that to happen. Itwas a shrewd move on the Chinese part because it was a faint and the US appeased them with afree trade agreement enforceable by the WTO. The faint is much like North Korea where it actsout only because it wants to negotiate and get what it wants. The Chinese did that and got that.

    The Chinese knew if they could get an agreement with the USA that there wouldn't be acompany here locally who could compete because the restrictions simply wouldn't be there likequality, wages, insurance. They could cut costs every way possible and that is what they did.

    In March of 2000 Clinton visited India and signed a trade deal with them. This has flooded themarkets with cheap Indian made goods mostly comprised of clothing & home accessories likerugs.

    The US economy was fine before all of this and wont EVER be the same since because the WTO

    can enforce the deals set in place. In just 15 years we have collapsed upon ourselves. I

    It will take an act of Congress & some fortitude to over turn these terrible deals. Then & onlythen might we see the ability of the US economy recover. Until then we all will continue to seethe down fall of our once great proud nation. Doesn't it strike any of you as odd why they allkeep saying we have to re invent ourselves or come up with NEW industries? They know theyare gone and all of it due to Bill Clinton & the Republican Congress that served during those 8years yet people still like them. To me they always will be know as the traitors that broughtdown a great nation.