Elaine Supkis

The Economic Policies of Failure

The world is sliding into a recession because the world's biggest CONSUMER economy, the US, has such a huge, huge trade deficit, we can't have a huger and huger trade deficit. END OF STORY.

Since 1971, the US Presidents fretted greatly about trade deficits. Bretton Woods II and the Plaza Accords and Louver Agreements were all pitched towards fixing the US trade deficit...by manipulating the value of the dollar lower than our two major trade rivals who happened to be Germany and Japan.

Don't even think about why the two nations we defeated in WWII were the two nations to run up the biggest trade surpluses with the US! HAHAHA.

To think about this is to go insane!

Anyway, after we lost the trade wars with our former enemies, we went off and went even deeper in trade debt with OPEC and Communist China!

Now, tell me if the US deserves to die a terrible death at the hands of dire trade rivals? Of course! We slit our own wrists. The G20 had a meeting in November. Guess what they decided?

To make this trade imbalance worse! And the US agreed!!! Amazing!

Arrest our leaders who agreed to this. Impeach Bush. Put anyone who allows this free trade mess to continue, put them in prison! Hire new negotiators who understand the need to balance our trade! Good grief! Time is running out!