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Hilary's Biggest Challenge Isn't Just Bill's Outsourcing Record, It's Hers
Hilary's Biggest Challenge Isn't Just Bill's Outsourcing Record, It's Hers
Posted: 11/19/2014
As Economic Policy Institute founder Jeff Faux observed in a recent post, New Year's Day 2014 marked the 20th anniversary of the North American Free Trade Agreement (NAFTA), which "opened the door through which American workers were shoved, unprepared, into a brutal global competition for jobs that has cut their living standards and is destroying their future."
Remember back in 1996 when that quirky independent presidential candidate Ross Perot warned of a "giant sucking sound" to Mexico that would drain the country of American jobs if NAFTA were passed? While Clinton promised that the deal would bring "good-paying American jobs," NAFTA cost the U.S. a loss of 700,000 jobs.
Clinton went on to outsource jobs to China, says Faux. "Clinton and his Republican successor, George Bush II, then used the NAFTA template to design the World Trade Organization, more than a dozen bilateral trade treaties, and the deal that opened the American market to China -- which alone has cost the U.S. another net 2.7 million jobs. The result has been 20 years of relentless outsourcing of jobs and technology."
....In September of this year imports from China rose 13 percent to an all-time high, and the trade deficit hit $35.6 billion, also a record, thanks largely to iPhone sales.
Today Apple is the biggest company in the U.S. but employs fewer than 50,000 employees here and more than 700,000 abroad.
...What's more, Hillary's own track record while senator from New York flies in the face of her posturing on outsourcing. Among labor officials, a nagging question about her commitment to protecting U.S. jobs stemmed from a deal she helped broker for Tata Consultancy Services, one of India's largest technology firms. Clinton aides said she has raised more than $2 million in contributions at Indian-American events.
In 2002, Clinton helped Tata land an agreement to open an office in Buffalo and to create at least 100 jobs in the depressed community. But five years later Tata employed just 10 workers there. Tata is one of the largest users of the temporary worker visas that have allowed U.S. technology companies to fill jobs with high-skilled lower-paid Indian workers.
"The India issue is still something people are concerned about," AFL-CIO policy director Thea Lee told the Washington Post. "Her financial relationship, her quotes -- they have both gotten attention."
http://www.huffingtonpost.com/jane-white/hilarys-biggest-challenge_b_6175008.html
Posted: 11/19/2014
As Economic Policy Institute founder Jeff Faux observed in a recent post, New Year's Day 2014 marked the 20th anniversary of the North American Free Trade Agreement (NAFTA), which "opened the door through which American workers were shoved, unprepared, into a brutal global competition for jobs that has cut their living standards and is destroying their future."
Remember back in 1996 when that quirky independent presidential candidate Ross Perot warned of a "giant sucking sound" to Mexico that would drain the country of American jobs if NAFTA were passed? While Clinton promised that the deal would bring "good-paying American jobs," NAFTA cost the U.S. a loss of 700,000 jobs.
Clinton went on to outsource jobs to China, says Faux. "Clinton and his Republican successor, George Bush II, then used the NAFTA template to design the World Trade Organization, more than a dozen bilateral trade treaties, and the deal that opened the American market to China -- which alone has cost the U.S. another net 2.7 million jobs. The result has been 20 years of relentless outsourcing of jobs and technology."
....In September of this year imports from China rose 13 percent to an all-time high, and the trade deficit hit $35.6 billion, also a record, thanks largely to iPhone sales.
Today Apple is the biggest company in the U.S. but employs fewer than 50,000 employees here and more than 700,000 abroad.
...What's more, Hillary's own track record while senator from New York flies in the face of her posturing on outsourcing. Among labor officials, a nagging question about her commitment to protecting U.S. jobs stemmed from a deal she helped broker for Tata Consultancy Services, one of India's largest technology firms. Clinton aides said she has raised more than $2 million in contributions at Indian-American events.
In 2002, Clinton helped Tata land an agreement to open an office in Buffalo and to create at least 100 jobs in the depressed community. But five years later Tata employed just 10 workers there. Tata is one of the largest users of the temporary worker visas that have allowed U.S. technology companies to fill jobs with high-skilled lower-paid Indian workers.
"The India issue is still something people are concerned about," AFL-CIO policy director Thea Lee told the Washington Post. "Her financial relationship, her quotes -- they have both gotten attention."
http://www.huffingtonpost.com/jane-white/hilarys-biggest-challenge_b_6175008.html
14 replies
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= new reply since forum marked as read
How dare we disagree with her on ANY policy!
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