When American workers are losing their jobs to people in other countries, Washington cannot afford to ignore this disturbing trend any longer. While Democratic presidential candidates want to just blame U.S. corporations, the reality is that their strategy won't help protect American workers or save their jobs.
Indian IT corporations have made work in the U.S. much more efficient by enhancing their productivity and quality of work. We have helped to add sufficient value to the corporations in the U.S.
NAFTA was much more popular among US corporations than GATT, because NAFTA is highly protectionist in ways that GATT is not.
Basically, what Economic Hit Men are trained to do is to build up the American empire. To create situations where as many resources as possible flow into this country, to our corporations, and our government, and in fact we've been very successful.
Somebodys paying the corporations that destroyed Iraq and the corporations that are rebuilding it. Theyre getting paid by the American taxpayer in both cases. So we pay them to destroy the country, and then we pay them to rebuild it. Those are gifts from U.S. taxpayer to U.S. corporations.
The main selling appeal of NAFTA to US corporations is that it gives them an advantage in the North American market over their European and Japanese competitors.
The corporate income tax, in particular, is a tax that puts American corporations at a disadvantage.
Most US corporations today are over-managed and under-led. They need to develop their capacity to exercise leadership.
