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In January of 2000, Bill Clinton gave his final State of the Union address to the Congress. Clinton used that speech to push for dropping trade barriers against the government of China. Here’s the argument he made: Allowing China into the World Trade Organization, Clinton promised America that night, would “open China’s markets to the United States” and “plainly advance the cause of peace in Asia and promote the cause of change in China.”
In his last year in office, Clinton made expanding the Chinese economy one of his most urgent priorities. To do that, he appointed a lobbyist called Steve Ricchetti and put him in charge of the project. Fast forward to today, China has been a member of the World Trade Organization for 20 years. Steve Ricchetti has risen even higher in Democratic politics. He’s now a top White House aide to Joe Biden.
TOP WHITE HOUSE OFFICIAL RETWEETS POST CALLING INFLATION, SUPPLY CHAIN ISSUES ‘HIGH CLASS PROBLEMS’
As for China, it has indeed changed as Bill Clinton promised that it would. China is now the richest country in the world. Its police state is far more efficiently authoritarian even than it was under Chairman Mao. China is a much greater threat to the United States and to its neighbors. We’re as far from peace in Asia, as we have been since 1945.
The American manufacturing sector, meanwhile, is effectively gone. It evaporated, along with millions of middle-class jobs. Most of the objects you buy now are made in China.
Maybe you’ve seen the pictures of queues of cargo ships strung out in the Pacific trying to get into American ports to unload their containers. You will hear the scene described as part of something called the global supply chain, but that intentionally understates what it actually is. What you’re looking at are America’s supply lines. At this point, where effectively an outpost totally dependent on a faraway headquarters for the things we need to live. Here’s…
Source : foxnews
