It was a game set up by everyone to squeeze huge amounts of money out of the US.
We walked away from the table.
Now everyone is sitting at the table asking, “Where’d the money go?” And maybe they will look at China and India and say, “Hey, you guys need to kick in some cash.” And that just ain’t gonna happen.
An analogy of the deal...
10 neighbors get together to agree to a deal to keep the lawns nice. 9 of them agree that 1 person must be responsible for making sure everyone has a nice lawn and making sure they are mowed and groomed every week. They all agree that the 1 neighbor with the largest and nicest lawn has to be responsible for all the grass in the neighborhood at their own expense.
Can you guess which neighbor might object to the deal?