Still Obama doesn’t have much to show so far, you can‘t deny he did keep Detroit from going the way of most American industry and that was where we first encountered Mr Bloom who became known as the non-czar car czar. (or is he the president of a “stan” country?)
Obama has confronted China over product dumping, something Clinton or Bush never did. This stance has slowed expansion of US manufacturing in China with some production returning to the America but on the whole the trade deficit continues to grow. Efforts to get China to revalue the Yuan have only resulted in a one percent adjustment when a 40% change is required, still China even saying they will cooperate is a start.
Will Ron Bloom go down in history with the likes of Alexander Hamilton? His policies on manufacturing subsidies and tariffs on imports became the law of the land for nearly 200 years and made America a super power. Will Obama who admires Lincoln re-instate Hamilton’s tariffs that Lincoln took the country to war to preserve.
The attack on Fort Sumpter was simply to seize the Customs House as the south did in all the port cities. The south wanted cheap British manufactured goods in return for its cotton. Today we sell cotton to China and get cheap manufactured goods in return. In the south of 1860 there were a few rich people and the rest were poor whites and black slaves, no middle class.




3 comments:
In terms of history I am thinking of Obama as more of a Hoover who will be out in one term. However it is unlikely we will have an FDR replace him.
Now that you have dug down to the bare bones of American history, how do we who understand this possibly teach those who do not even understand what the "Boston Tea Party" was really about?
The thing about democracy is that you don't need to convince everybody. Fox has only 2 million viewers, we already out number them.
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