The Betrayal of the American Dream (30 page)
Read The Betrayal of the American Dream Online
Authors: Donald L. Barlett,James B. Steele
Tags: #History, #Political Science, #United States, #Social Science, #Economic History, #Economic Policy, #Economic Conditions, #Public Policy, #Business & Economics, #Economics, #21st Century, #Comparative, #Social Classes
Other sources of information at the national level included the U.S. International Trade Commission, the Employment and Training Administration of the U.S. Department of Labor, the Bureau of Economic Analysis, the United States Trade Representative, the Foreign Agents Registration Unit Public Office of the U.S. Department of Justice, the Center on Budget and Policy Priorities, the U.S. Department of Treasury, the Senate Records Office, the House Clerk’s Office, the Government Accountability Office, the Employee Benefit Research Institute, the Pension Benefit Guaranty Corporation, the Interstate Commerce Commission, the Federal Trade Commission, the U.S. Department of Agriculture, the Inspector General’s Office,
Public Papers of the Presidents,
the
Congressional Record,
and congressional hearings related to trade, taxes, and other economic issues spanning more than half a century.
We also collected information from many associations, nonprofit organizations, court jurisdictions, and local government agencies, including the Association for Manufacturing Technology, Footwear Industries of America, the Aerospace Industries Association, the Institute for Policy Studies, Good Jobs First, the Coalition for American Solar Manufacturing, the Offshoring Research Network, the American Manufacturing Trade Action Coalition, the National Consumer Law Center, the Center for Responsible Lending, the Community Reinvestment Association of North Carolina, the California Reinvestment Coalition, the Lee County (Florida) Circuit Court, the U.S. Bankruptcy Court for the Northern District of Texas, the Circuit Court of Van Buren County, Arkansas, and the Concord (California) Police Department.
As always, the libraries in many communities were vital in allowing us to access older records that haven’t been digitized, including the Free Library of Philadelphia, the American University Library, the Wayne County Public Library of Wooster, Ohio, and the Bob and Wauneta Burkley Library and Resource Center of DeWitt, Nebraska.
We benefited from the work of others who have also studied the impact of economic measures affecting the middle class. We want to single out the 2010 report, “Shifting Responsibility—How 50 Years of Tax Cuts Benefited the Wealthiest Americans,” by Chuck Collins, Allison Goldberg, and Sam Pizzigati. Published by Wealth for Common Good, a network of business leaders, high-income individuals, and others working to make the tax system fairer, “Shifting Responsibility” is a straightforward view of how tax policy has been hijacked by the rich.
While we used primary materials for the most part, some books and publications were invaluable. One of the most important books was
Manufacturing a Better Future for America
by Richard McCormack, Clyde Prestowitz, David Bourne, John Russo, Sherry Lee Linkon, Ron Hira, Irene Petrick, Peter Navarro, James Jacobs, and Michael Webber, published in 2009 by the Alliance for American Manufacturing. This is a compelling account of the systematic gutting of American manufacturing by American policymakers.
INDEX
A
Abramoff, Jack
Accenture
AdAge
Afghanistan
Aguiar, Jacob
Aguiar, John
Aguiar, Meghan
Aguiar, Syrena
Airline Deregulation Act
airline industry. S
ee
deregulation
Albaugh, Jim
Alcatel Data Networks
Alfred P. Sloan Foundation
Allen, Marc
America: What Went Wrong?
America’s Community Bankers
American Airlines
American Bankers Association
American Bridge Company
American Chung Nam
American dream
American Graduate School of Business, Switzerland
American Journalism Review
American Manufacturing Trade Action Coalition (AMTAC)
American Society of Civil Engineers (ASCE)
Americans for Prosperity
Ames Research Group
Anchor Hocking Glass Corp.
Andrews, Wright Jr.
Anheuser-Busch
Apple Inc.
Argentina
Arison, Micky
Arison, Shari
Arison, Ted
Armenia
Association of Flight Attendants
AT&T
Art Basel Miami
Atlanta, Georgia
Atlantic
,
The
Ave Maria, Florida
Aviation Industry Corporation of China (AVIC)
B
Badman, Randy
Bain Capital
Ballmer, Steve
Bank of America
Bank One Corporation
Banking industry
deregulation of
escapes prosecution
low taxes of
promotes U.S. as tax haven
See also
Wall Street
Bankruptcy Abuse Prevention and
Consumer Protection Act
bankruptcy court
and employee benefits
and Polaroid case
bankruptcy law
Barclays Bank
Bartlett, Douglas
Bartlett Manufacturing
Bell Laboratories
Bentsen, Lloyd
Bethlehem Steel
Birds Eye Foods
Birkenfeld, Bradley
Blackstone Group
Blinder, Alan S.
Bloomberg News
Boeing Company
Boeing Tianjin Composites Company Ltd.
Bosch Rexroth
Bowman, Judy
Boxer, Barbara
BP Solar
Brandeis, Justice Louis
Braniff
Brawny paper towels
Brazil
Breaux, John
Britain’s Royal Society of Portrait Painters
British Virgin Islands
Brooklyn Bridge
Broward County Meals on Wheels
budget deficit, U.S.
as excuse to cut middle class benefits
fueled by tax cuts to the rich
Buffet, Warren
Bureau of Labor Statistics (BLS)
Bush, George H. W.
Bush, George W.
Byers, Andrew
C
California Transportation Department (CALTRANS)
California State University
Canada
Cantor, Eric
Cape Coral, Florida
Carnival Cruise Lines
Carrollton Specialty Products
Carter, Jimmy
Cary, Illinois
Caterpillar Inc.
Cato Institute
Catz, Safra
Cayman Islands
Center for American Progress
Center for Responsive Politics
Chengdu, China
Chambers, John
Channel Islands
Cheung, Yan
China
barriers to U.S. imports
Bay Bridge steel from
as Boeing subcontractor
civilian aircraft industry of
high-tech development in
middle class of
software development in
trade policies of
U.S. research hubs in
U.S. technology transfer to
U.S. trade deficit with
working conditions in factories of
Chinese Academy of Sciences
Chronicle of Higher Education
CIGNA
circuit board industry
Cisco
Citigroup
Citizens for a Sound Economy
Citizens for Tax Justice
Citizens United
civilian aircraft industry
Clarksburg, West Virginia
Clinton, Bill
Clinton, Hillary Rodham
Coalition for American Solar Manufacturing
Coalition for Fair and Affordable Lending
Coleman, Kathy
Colgrove, Linda
Colombia
Colorado Springs, Colorado
Commercial Aircraft Corporation of China Ltd. (COMAC)
Commodity Futures Trading Commission
computer programmers
Concord, California
Congress
deficit hawks in
erodes retirement benefits
rewrites tax code for the wealthy
grants tax breaks to corporations
trade policy and
Conner, Ray
Connex International Services
Consolidated Freightways
Continental Airlines
Cook, Tim
Cooney, Stephen
Coyne, William J.
Crandall, Robert
Crane, Ed
Credit Suisse
Critical Condition: How Health Care in America Became Big Business—and Bad Medicine
CSX Corporation
D
Danforth, John
debt (national).
See
budget deficit
debt (student)
Defending the American Dream Summit
Delta Airlines
Denver, Colorado
deregulation
of airlines
anti-government mindset and
of financial services
of trucking
DeWitt, Nebraska
Dixie Cups
Dizik, Betty
Doherty, Harry
Domino’s Pizza
Douthat, Ross
Drysdale, Opal
Duke Energy
Dunn, Anita
DuPont
E
Eastern Air Lines
Economic Policy Institute (EPI)
Egerman, Paul
Eli Lilly
Elk Grove, California
El Salvador
Emerson Electric Company
Empire State Building
Employee Benefit Research Institute (EBRI)
Employee Retirement Income Security Act of 1974 (ERISA)
earnings.
See
wages and earnings
education and training
employment.
See
jobs
Enron
executive compensation
exports
as policy failure
promotion of
of scrap paper
See also
free trade; imports; trade policy, U.S.
Exxon Mobil Corp.
Ezell, Stephen
F
Falcone, Philip
Federal Deposit Insurance Corporation (FDIC)
Federal Register
Federal Reserve
Federal Savings and Loan Corporation (FSLIC)
Ferneau, Mark
Financial Services Modernization Act
Fink, Richard
First Sale Coalition
Fischbach Corporation
Flanagan, Kevin
Flanagan, Tom
Florida Gulf Coast University
Forbes
foreclosures
401(k)s
Ford, Gerald R.
Ford Motor Company
Fort Huachuca (Arizona)
Fort Lauderdale, Florida
Fortune
Fountain, Colorado
Foxconn Suicide Express
Foxconn Technology Group
free trade
flaws in U.S. policy of
labor costs and
multinationals benefit from
as practiced by U.S.
theory of
violations of
See also
trade policy, U.S.
Freeland, Chrystia
Fremont, California
Freescale
Friedman, Thomas
Fulton, New York
furniture industry
G
Gates, Bill
General Electric Company
General Motors
Gentner, Lisa
George Mason University
Germany
GI Bill
Gilinger, Robin
Gilleran, James
Gingrich, Newt
Glass-Steagall Act
global economy
Golden Gate Bridge
Goldman Sachs
Gomory, Ralph
Google
Gotbaum, Joshua
Graf, Donald
Gramm, Phil
Gramm, Wendy
Great Depression
Greenpeace
Griffiths, Brian
Guenther, Ken
Guernsey (Channel Islands)
H
Hallmark Cards
Hamlisch, Marvin
Harbinger Capital Partners
Harvard Business Review
Hatch, Orrin
health care
Heritage Foundation
Hewlett-Packard
Hickman, Tom
high-technology industry
U.S. losing edge in
Hitler, Adolph
Hoffman, Deb (Cuddles)
Holmes, Shona
Home Depot
Horton, Frank
Hudson River
Hussein, Saddam
H & R Block
Hufbauer, Gary Clyde
I
imports
Congress’ response to
jobs and industries eliminated by
See also
trade policy, U.S.
IBM
Independent Community Bankers of America
India
government finances software industry in
outsourcing industry of
IndyMac
Inequality.
See
wealth gap
Information Week
Institute for Policy Studies
Invest in America’s Veterans Foundation of Cape Coral
Investigative Reporting Workshop at American University
Iraq
Ireland
Isle of Man
Israel
Italy
J
Jacobs, Paul
Japan
Jersey (Channel Islands)
Jiangsu, China
jobs
corporations export of
domestic industries and
foreign governments and
information technology and
infrastructure and
lack of, for young workers
in manufacturing
minimum wage and
offshore promotion of, by U.S. government
private equity companies and
in service industry
See also
Congress; education and training; free trade; and trade policy, U.S.
Jobs, Steve
Jobs and Growth Tax Relief Reconciliation Act of 2003
John Birch Society
Johnson, David
Johnson, Nancy
Johnson Controls
Johnston, Bennett
Journal of Commerce
JPMorgan Chase
K
Kapur, Ajay
Kasco
Kennedy, Edward
Key Tronic Corp.
Kimberly-Clark
Kirkegaard, Jacob
Knight-Ridder
Koch, Charles
Koch, David
Koch, Fred
Koch Industries
Kolbe, Jim
Korean War
KPMG
Kra, Ethan
Kraft Foods
Kuwait, Iraq
L
LaBelle, Patti
Land Line
Lazio, Rick
Legatus
