And guess who allowed THAT to happen? Bush the son... A REPUBLICAN... yep... one man CAN ruin a whole country.
LL,
Many people blame Bush Jr. but let's not forget that under Clinton's watch was the deregulation of financial systems, and the expansion of NATO. NATO allowed major offshoring to Mexico and Latin America as long as it was North America and not South America.
It was also under Reagon, Bush Sr., and Clinton that we saw the greatest offshoring. Bush Jr. was left to hold the bag. Bush Jr. could have done better but so could have Obama. Ultimately, this government is not run by politicians but by corporations. Hence, you see this letter.
If you do the math you'll see clearly how dependant the US government is corporations. 40% of the Corporation's profit is taxed. They contribute to half of my federal and state taxes. Then they pay the payroll and that also accrued another set of salary taxes. The US government takes about 50% at least and maybe as high as 65% of the earnings of a corporation through taxation and double taxation.
The tax structure is effectively the new imperialism of America via Corporation. Hence, you have the lack of piercing of the corporation, the tyrany of corporations oversea, and etc... Luxury in America comes at a great cost. I had an epiphany a day in college when I was 19 years old. It came to me after watching the documentary on Nike and textile business which were the 1st corporations to have been sent oversea.