Amen brotha! And a happy day for patriotic Americans. I consider Ted partially responsible, as well as many other far left libs, for America going from the #1 creditor nation in 1980 to the #1 debtor nation today. It is quite shocking when you think about it.
No shit? You blame Teddy Kennedy for trade deficits? Mr. C, that's idiotic. Teddy was responsible for Chappaquiddick. American consumers are responsible for our trade deficits. Look no further than the Walmartians who brainlessly buy Chinese crap cheap. How about our addiction to imported oil?
Spit on Teddy's grave and revile the "libs" if you like, but remember that conservative icon St. Ronnie the Raygun embraced America's new debtor status back in 1988, saying it was a sign of strength that foreigners want to invest in America.
After WWII, the world changed fundamentally. We were actively pursuing globalization, in part as an aspect of the Cold War. The idea was that we could defeat communism by encouraging developing countries to manufacture products, and America would consume them. We could lift up impoverished countries, provide jobs and help them resist the lure of communism. Capitalism would defeat communism in the marketplace rather than the battlefield. The shift from net exporter to net importer of manufactured goods has been underway for a long time. Blaming libs for capitalist excesses is pretty funny when you seem to think that we're commies!
Oh, and we went from being a creditor nation in 1988, not 1980.