Originally Posted by
T_Won
Clinton signed the Community Reinvestment Act (which caused this mess). It was a bill designed by Republicans, but had huge bipartisan support.
We engineered the global economy. We outsourced jobs and closed factories and signed labor treaties with foreign countries in order to create a level playing field... globally. We intentionally hurt ourselves in order to uplift foreign countries. And yes, that has been bi-partisan too.
However, I believe the Republicans favored this due to business interests... like you say. Big business can make more money by outsourcing jobs and paying their employees in China $.05 for every $1.00 they had to pay them in America. Democrats favored it because they have been plotting for global governance for the past 150 years and this brought about mutually assured destruction, economically. If all economies are tied together, then there needs to be a global regulator.
Both are equally stupid and dangerous. One party acts for greed and the other acts for control.