Bill Clintons True Legacy: Outsourcer in Chief
http://www.huffingtonpost.com/jane-white/bill-clintons-true-legacy_b_1852887.html"the biggest beneficiaries of his administration were Wall Street, Chinese factory owners and U.S. banks and the biggest losers were blue collar workers. Mitt Romney may have run a company that outsourced jobs but Clinton ran a country that did."
Response to Baobab (Original post)
felix_numinous This message was self-deleted by its author.
Baobab
(4,667 posts)Seriously-
-AND- listen closely to this...
Since you mention infrastructure, guess what. This is practically unknown outside of a very narrow circle of trade wonks here in the US, but globally, its just part of globalization.
Procurement of goods and services globally has been moving towards a global procurement model, but this change has been late in coming to the US.
Another big change, begun during the Clinton era revolves around the mandatory privatization of large chunks of the public sector - when combined with the new procurement rules, guess what-
Future investments of taxpayer money in infrastructure may create lots of jobs but its just as likely if not more likely (more likely more likely) that those jobs won't be American jobs, even though the construction is here!
Similarly with the schools and hospitals and myriad other commercial institutions that will eventually come out of what used to be the public sector.
I've been telling economists this, and to say the least, they are surprised, incredibly, most of them didn't even know this.
But its easy to verify. And its true! Americans will likely be told sooner or later, hopefully sooner rather than later.
felix_numinous
(5,198 posts)Yes, being sold off to the highest bidder, without our consent. It needs to be stopped, and this election is bringing a lot to light.
Thank you for posting this.
Baobab
(4,667 posts)You're actually the very first person Ive spoken to outside of the world of trade wonkery who made that connection.
Of course, TiSA is the big services deal, and it basically extends GATS which has been gradually getting the bugs worked out in its various disciplines on domestic regulation.. its taken 20 years.. (presumably TiSA since its supposed to be GATS compatible will just use them. )
But TTIP has got US-EU procurement in it too.
So, no more New Deals, I guess!
Wish they would tell the country. It's not going to be pretty if these deals pass for working people. Not all all.
felix_numinous
(5,198 posts)rather than a business. It's now like a cartel with gambling addictions to power... and addicts many times cannot stop themselves, there has to be an intervention..
Thank you again
Baobab
(4,667 posts)its like they are trying to hijack the future.
Response to Baobab (Reply #6)
felix_numinous This message was self-deleted by its author.
Clifton
(11 posts)dlwickham
(3,316 posts)How long did it take for you to find this one?
KoKo
(84,711 posts)(From the article which is a very good read because nothing much has changed and much has gotten worse since 2012)
Clinton had the gall to accuse those who opposed Chinas entry into the WTO of aligning themselves with the Chinese army and hard-liners in Beijing who do not want accession for China. Clinton claimed that the agreement that he championed creates a win-win result for both countries, arguing that exports to China now support hundreds of thousands of American jobs and these figures can grow substantially. (Clintons press person at the Clinton Global Initiative did not respond to my requests for feedback.)
The facts contradict these assertions. Imports of computers and electronic parts accounted for almost half of the $178 billion increase in the U.S. trade deficit with China between 2001 and 2007 and the loss of 2.3 million jobs, according to the Economic Policy Institute.
Clinton then went on to enact NAFTA, or the North America Free Trade Act, which as American Prospect editor Robert Kuttner has observed, was less about trade and more about making it easier for U.S. based multinationals and banks to take over Mexican companies.