I agree with everything except the idea that U.S. government oversight (not just in aviation) had been so wonderful and so fulsomely funded in the last few decades that it should have been trusted. At all. The 2008 economic crash - the largest robbery in the history of the world - was spawned by America's awful lack of governance and suffered by the whole world (with considerable blame also going to U.K., Iceland and a few more.) Which is just a single example of how obvious it is and was before 737-Max that oversight had long, long since jumped the shark in the U.S.