The world was starting to look a lot different.
We were in the midst of the Great Recession.
China was taking over.
The global economy was a mess.
We had an oil crisis.
There was an epidemic of opioid overdoses, a crisis in mental health care, and a pandemic of infectious diseases.
And then in 2016, the first major election of our time came and went.
Trump was elected president.
This was, in part, due to a crisis that had been brewing for a decade: a rapid increase in opioid deaths, a steep decline in life expectancy, and the threat of pandemic-level infections that would kill millions.
In fact, there was no way to say it at the time, but in the United States, we had reached the point of no return.
We’d reached the tipping point, when our economy, health care system, and environment were at an all-time low.
By 2020, we were on the verge of the first pandemic in human history.
In other words, things were pretty bad.
Now, in 2017, the US had entered the “Great Moderation.”
It had been in this kind of state for nearly five years.
We hadn’t had an economic meltdown like the one that afflicted China, the collapse of the housing bubble in 2008, the 2008 financial crisis, or the Great Depression.
And yet, we’d been through so much: the Great Moderation had taken so long to come about, and it hadn’t actually led to a collapse of confidence in the US economy.
And in 2017 we had seen our economy tank, and then the financial meltdown that began in earnest in the middle of the year.
The Great Moderator had come about because of a crisis of confidence, a lack of trust in the economic system.
We needed to create an alternative.
It was a crisis-driven panic, and in the early months, that panic was fueled by an enormous amount of misinformation and fear.
So it’s not like we had the luxury of a simple “do whatever you want.”
We had to do something.
We could do whatever we wanted, as long as we had something to sell.
In many ways, that means selling our own companies, and creating a new system of regulation and taxation that would make it possible for US companies to create new jobs, and for the US to compete globally.
The government, we believed, had no business trying to prevent our companies from doing that.
The US is a nation of entrepreneurs.
We’re not afraid to make our own decisions, and we know how to take risks.
So we needed to figure out how to make the new system work.
In order to do that, we needed a new set of rules.
We created a new regulatory framework for business that we call the Global Industry Regulatory Cooperation Framework, or GIRF.
The Global Industry Regulations Framework or GIROF is a framework that has been in place since 2015, under the Obama administration, and that has had bipartisan support.
It’s been designed to make sure that the US is an attractive place to invest in manufacturing, and to protect the US against the financial and other risks that come with that investment.
It allows businesses to set up shop here in the U.S., and it provides a mechanism for US and foreign companies to cooperate on common standards and policies to ensure that their businesses are able to compete in the global economy.
This is not a new idea.
In the early 2000s, a similar approach was taken by China.
China adopted a GIROf framework in 2009, and, with the help of a group of international partners, it worked to regulate the country’s manufacturing sector.
The result was a series of rules that were implemented in a way that protected domestic producers and investors.
They helped Chinese companies to grow, to expand, and create jobs, while also providing them with the means to compete.
China’s new regulations also provided an alternative to the global financial system that was built around a single, globally-constrained bank, the Shanghai Banking Group.
The Shanghai Banking System was created in 1989, and since then, it has operated under a strict set of regulations that, in turn, have protected the country from systemic risk.
In short, the Chinese government has worked to create a regulatory framework that’s tailored to the country.
We have the same kind of flexibility that China has.
The reason we have the GIROFs is because of what we’ve done in the past.
In 2015, the Obama Administration created a Global Industry Competitiveness Framework.
This framework was designed to protect American businesses, and was intended to create incentives for US firms to invest and create new job opportunities in the manufacturing sector, especially in the South and Midwest.
And while it did not contain the kind of stringent regulations we’re dealing with today, it did have a lot of provisions designed to help protect the United Sates economy.
In 2017, President Trump signed into law the American Competitiveness and Regulatory Reform Act. This law,