Quote:
Originally Posted by spazlabz
My memory is weak on this but I believe that is also the time period that the government started getting all deficit spending happy. To quote Jeff Foxworthy
"OH A CHECK!?............I thought you wanted money"
If you will remember back to that time the US had the strongest middle class in the world, manufacturing, while suffering from quality issues, was extremely strong. No one said "Buy American" because we already were. The OPEC fucked us over, cheap but higher quality Japanese autos began their slow rise to dominance in the auto market and when the 80s hit Reaganomics hit with the philosophy that you could get fewer workers to do more work and cut down on your biggest expense (employees) and once that was in place Clinton signed NAFTA and BOOM, it was done, I believe that was the tipping point for the American economy. After those 2 events our hostory was already written
spaz
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Like I said, we had the strongest middle class post WWII. The OPEC didn't fuck us over, we fucked each other over. The tipping point was in the 70's when we got off the gold standard, started printing money, stopped saving money, and started spending more than we had. THAT is why we're fucked, for the most part. This is disregarding the sub prime mortgage crisis.