Banks & Banksters Benefited Hugely from Clinton's NAFTA:

[amborin]

Bill Clinton's True Legacy: Outsourcer-in-Chief

Jane White, Author, 'America, Welcome to the Poorhouse'

...... the biggest beneficiaries of his (Clinton's) 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.

snip

.... Between 2001 and 2009 the U.S. lost 42,400 factories and manufacturing employment dropped to 11.7 million, a loss of 32 percent of all manufacturing jobs. The last time fewer than 12 million people worked in the manufacturing sector was in 1941.

Clinton had the gall to accuse those who opposed China's 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." ....

snip

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."

.......The Global Class War, it's no surprise that Robert Rubin, Clinton's Treasury Secretary, had the gall to sell Americans on NAFTA, given that after leaving Treasury Rubin took a job as chairman of Citigroup's executive committee, where one of his roles was buying Mexican bank Banamex for $12.5 billion in 2001.

Not only did Average Joe NOT gain from NAFTA -- according to the Economic Policy Institute as of 2010 U.S. trade deficits with Mexico totaling $97.2 billion had displaced 682,000 U.S jobs.

..... between 1993 and 2002 two million Mexican farmers were forced to abandon their land as a result of increased imports of food from the U.S. Mexican wages have also shrunk; while they were about 23% of U.S. wages in the mid 1970s by 2002 they shrank to 12% of them.

snip

http://www.huffingtonpost.com/jane-white/bill-clintons-true-legacy_b_1852887.html