THANKS clinton!!! Then there were NAFTA and the World Trade Organization initiatives, which led to the massive export of US capital to countries with (much) cheaper labor and that massive whooshing sound of job outflow that Ross Perot referred to in the 1992 Presidential Election Campaign. One could write a whole column about those two, of course. Let me just say briefly here that they have led invariably to the decline of US manufacturing, the parallel decline of US trade unionism, the creation of the permanent army of the unemployed, the ever-widening gap between the poor and everyone else, the increasingly creative use of the tax code to support the use of overseas so-called tax shelters that enable the avoidance of the payment of billions of dollars in taxes, and so on and so forth.
Posted on: Sat, 09 Aug 2014 17:12:57 +0000
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