f.Channell wrote:
You need to see the other historical side of Jefferson.
He created a depression that would make the 1930's look prosperous.
Hyperbole notwithstanding, You argue best when you argue our point!

Oh, and thanks for a review of that piece of history.
Matthew Ashton wrote:
Jefferson to his credit didn’t think war was a good idea. While the Continental Army had beaten the British during the Revolution, they still lacked a signficant navy, making any kind of serious engagement impractical.
Sometimes decisions made have to be considered in the context of what wasn't done. Why? Because the alternative could have been much worse. In this case however we ultimately ended up in war with Britain anyway, so the noble effort was for naught.
Matthew Ashton wrote:
Jefferson’s mistake then was a vast overestimation of the economic influence of the USA at that time. He also failed to appreciate the importance to globalised trade and how dependent the country had become on it.
We can spot Jefferson for being one of the first to experience this.
We cannot forgive subsequent politicians for failing to heed this lesson of history. Economic sanctions almost never work, and often lead to a very bad outcome. Protectionism was one of several causes of The Great Depression. Sanctions on Iraq did not prevent war in Iraq. The list goes on. Cheaters will cheat, and the law of unintended consequences usually rears its ugly head. Sometimes doing nothing is the wiser choice, but few leaders choose that option.
Even fewer no-name historians can refrain from judging others on the matter.

This November let's come revisit this very subject. Did Obama's insistence on Iranian sanctions undermine his reelection? Gasoline is already at $4 per gallon and climbing, and Joe Sixpack is not amused. Meanwhile I'm betting that the Chinese will undermine the entire effort, get a cheap supply of energy, and continue making us a debtor nation to them.
Time will tell.
- Bill
P.S. Don't you just love it when someone (Matthew Ashton) calls themselves Doctor? It's sort of like someone referring to themselves as Master. For the record, I'm entitled to both and insist you call me Bill.