General Discussion
In reply to the discussion: NAFTA passed on Nov. 20, 1993, on the promise of jobs. Oddly enough . . . [View all]Joe Turner
(930 posts)Only to be eclipsed by today's Wall Street power machine that literally owns our government along with mega-corporations many of which have more wealth than a lot of countries. Guilded Age? True then but nothing compared to the smothering web of corporate power today. Also, note, tariffs remained high at around 13% during FDR's presidency compared to 1% today. You think FDR would be bought off by the wall street crowd if he were alive today like most politicians. I don't think so. And again you have to get your mind around how most of Europe and virtually off of Asia can run trade surpluses and expand their industrial base while ours shrinks. Must be something in the water here. Let me submit to you, Europe and Asia think we are stupid for enacting our corporate written trade polices. And they are right. Again see history of tariffs - it explains a lot.