Clinton kind of finished the job which killed what remained of US industry, but we cannot ignore the role that Carter played to deregulate many industries (though some of the deregulation was good), as well as Carter's appointment of Paul Volcker, whose interest rate hike shocked the US into embracing trade deficits and empowered China to take up on lost US manufacturing. Nixon's 1973 shock left Carter with the stagflation which put him in the situation to begin with, so his political wins came at a horrific economic cost, and ended up blowing back at us in the end.
kranke155|1 year ago