General Discussion
In reply to the discussion: Meet the Father of Free Trade. [View all]brentspeak
(18,290 posts)Last edited Wed May 13, 2015, 11:45 PM - Edit history (3)
American companies would have subsidiary production facilities in foreign lands which would make products for sale in those respective lands. Meanwhile, those same American companies would simultaneously have American production facilities which would make products to be sold here within the United States.
The very last thing FDR and subsequent Democrats up through LBJ ever wanted was for US companies to relocate production facilities out of the United States, with those offshored facilities then selling foreign-made products back to American consumers, thereby directly displacing American employees or otherwise enlarging the labor pool so as to reduce American workers' wages, benefits, and bargaining power.
That was never supposed to happen. That was the nightmare scenario that FDR and his successors -- up to, but not including Clinton -- never wanted.
Then along came Bill Clinton, Barack Obama, and the rest of the corporate Democrats who basically helped the GOP plunge the knife deep into the American working persons' and middle class' back with multinational corporate lobbyist-written pseudo "free trade" deals.