The Betrayal of the American Dream (31 page)

Liechtenstein

Liechti, Martin

Lockheed Martin Corporation

Loma Prieta earthquake

Long Beach, California

Long, Russell

Longhua Science and Technology Park

Los Angeles Times

Lowe’s

LTV Steel Corporation

Luffy, Robert H.

LuK Inc.

M

machine tool industry

Madison, New Jersey

Mankiw, N. Gregory

manufacturing industry

Manufacturing & Technology News

Martha’s Vineyard, Massachusetts

McClatchy Newspapers

McCrory Corporation

McDonald’s

McDonnell Douglas

McDougall, Bruce

McKinnell, Henry

McLaughlin, James

McNerney, James

Medicare

Mercatus Center

Mercer Human Resources Consulting

Merck & Company

Mexico

Miami, Florida

Miami Heat

Miami Herald

Microsoft

middle class

definition of

economic assault on by Congress

economic insecurity of

shrinking of

tax burden on

See also
debt (student); jobs; taxes (individual); trade policy, U.S.

Midway Airlines

Milken, Michael

Millenbruch, Gary

Moberly, Missouri

Moberly Area Community College

Monaghan, Tom

Morgan Stanley

mortgage industry

Moss, Betty

Motor Carrier Act of 1980

Motorola

Mount Laurel, New Jersey

Moynihan, Daniel Patrick

N

Naples, Florida

Naples Winter Wine Festival

NASDAQ tennis tournament

Nasser, Jacques

National Association of Manufacturers

National Trade Estimate Report on Foreign Trade Barriers

Nebraska

New Haven Trust Company Ltd.

New York Times

Newell Corp.

Newnam, Heather

Ney, Bob

Nine Dragons Paper

Nolan, Dick

North America Free Trade Agreement (NAFTA)

false claims for

job losses from

Nothhaft, Henry

Northwest Airlines

Norwich University

O

Obama, Barack

Occupational Outlook Handbook

Occupy Wall Street

Odell, Irene

offshoring

airplane maintenance and

and Apple computer

eliminates high-tech jobs

service jobs threatened by

significance of discounted by experts

Olenicoff, Igor

Olick, Karen

Omnibus Trade and Competitiveness Act of 1988

One Equity Partners

Oracle

Oregon Iron Works

Outsource2india

outsourcing

business process outsourcing (BPO)

China’s promotion of

knowledge process outsourcing (KPO)

U.S. government funds for

Owner-Operator Independent Drivers Association (OOIDA)

Oxford Industries

P

Palm Beach Gardens, Florida

Pan American

Pardini, Nicholas

Parker Hannifin

Patient Protection and Affordable Care Act

Paulson, John

Pension Benefit Guaranty Corp. (PBGC)

pensions

Petersen, William

Peterson, Peter G.

Peterson Institute for International Economics

Pfizer Inc.

Philadelphia Inquirer

Philippines

Piketty, Thomas

Poland

Polaroid Corporation

Polaroid Employee Stock Ownership Plan (ESOP)

Political Economy Research Institute

political influence and lobbying

Polo Club of Boca Raton, Florida

Posner, Victor

PricewaterhouseCoopers

Princeton University

Private Capital Management

private equity industry

Q

Qualcomm

R

Raytheon Company

Read, Ian

Reagan, Ronald

Reconstruction Finance Corporation

Reich, John

retirement

Congress and

Se
e
also
(k)s; pensions

Ricardo, David

Riklis, Meshulam

Roadway Express

Robin Industries

Rochester, New York

Rogers, Jim

Romney, Mitt

rose industry

Roth, William

R. R. Donnelley & Sons

Rubbermaid

ruling class

budget deficit and

definition of

economic philosophy of

free trade and

influence of, in Washington

middle class irrelevant to

propaganda of

Rutgers University

Ryan, Paul

S

Sacramento Bee

Saez, Emmanuel

Samuelson, Robert J.

Sanabria, Alex

San Francisco-Oakland Bay Bridge

Santillo, Ralph

Sara Lee

Schuerman, Linda

Schwarzenegger, Arnold

Schwarzman, Stephen A.

SCI Systems Inc.

Sexton, Pam

Shanghai, China

Shenzhen, China

Sherman, Bruce

Sherman, Cynthia

shoe industry

Singapore

SKDKnickerbocker

Smith, Adam

Smith Corona Corp

Snow, John

Social Security

Society of Professional Engineering Employees in Aerospace

Soendker, Sandi

solar industry

South Korea

Spielberg, Steven

Sri Lanka

St. Petersburg Times

Staggl, Mario

Stalin, Joseph

Stamp, Bill

Stamp, Christy

steel industry

Steger, Terri

Stewart, Rod

Strauss, David M.

Studebaker Corporation

Students and Scholars Against Corporate Misbehavior (SACOM)

Sullenberger, Chesley (Sully)

Summitville Tiles

Sundquist, Don

Sunoco

Suzhou, China

Sweden

Switzerland

T

Tampa, Florida

Tata Consultancy Services

Tax Notes

taxes (corporate)

burden on domestic companies

declining share of

lobbying on

of multinational corporations

offshore accounts of

tax havens

taxes (individual)

carried interest and

foreign investors and

offshore accounts and

reform of

Tekfor USA

Tel Aviv, Israel

textile industry

3M

Tianjin, China

Time

Toner, Tom

Tongzhou, China

Towers Watson

Trade Adjustment Assistance (TAA) offices

Trade Agreements Act of 1979

Trade Act of 1974

Trade and Tariff Act of 1984

trade barriers

trade deficit

trade policies of foreign governments

trade policy, U.S.

Congress and

impact on domestic industries of

multinational corporations and

protectionism and

reciprocity and

reform of, needed

tariffs and

S
ee also
China; Germany; Japan; South Korea; free trade

Trans World Airlines

Trent, Robert

Troubled Asset Relief Program (TARP)

trucking industry.
See
deregulation

Turkey

TWA

U

unemployment

United Kingdom

UBS

United Airlines

US Airways

U.S. Agency for International Development (USAID)

U.S. Coast Guard

U.S. Commerce Department

U.S. Customs and Border Protection

U.S. Federal Aviation Administration (FAA)

U.S. Government Accountability Office (GAO)

U.S. Internal Revenue Service (IRS)

U.S. International Trade Commission

U.S. Joint Committee on Taxation

U.S. Justice Department

U.S. Labor Department

U.S. Office of the Comptroller of the Currency

U.S. Office of Thrift Supervision (OTS)

U.S. Securities and Exchange Commission

U.S. Senate Committee on Homeland Security and Governmental Affairs, Permanent Subcommittee on Investigations

U.S. State Department

U.S. Supreme Court

U.S. Transportation Department

U.S. Treasury Department

U.S. Veterans Administration

United States Steel Corporation

University of South Florida

Utley, Tana

V

Van Horn, Carl E.

veterans

Villanova University

Vise-Grip

W

wages and earnings

downward pressure on

of foreign workers

of German workers

lost from NAFTA

minimum wage and

Wall Street

as above the law

enriched by globalization

financial deregulation and

401(k)s and

housing collapse and

manufacturing’s demise, role in

middle class hurt by

plutocracy, U.S. and

short-term financial focus of

undercutting of pensions by

See also
ruling class; taxes (individual)

Wall Street Journal

Walmart

Wang, David

Washington Mutual

Washington Post

Wayne County, Ohio

Wayne State University

Wealth for Common Good

wealth gap

Wells Fargo

West Islip, New York

Whirlpool Corporation

Whitehouse, Barbara Joy

WIN America (Working to Invest Now in America)

Wolf, Robert

Wooster, Ohio

Wooster College

Woodward Governor Company

World Is Flat, The

World War II

Wozniak, Steve

Wright-Isak, Christine

Wuxi, China

X

Xuzhou, China

Y

Yellow Corporation

Yeltsin, Boris

YRC Freight

Z

Zhenhua Heavy Industries

Donald L. Barlett
and
James B. Steele
are the nation’s most honored investigative reporting team, and authors of the
New York Times
bestseller
America: What Went Wrong?
They have worked together for more than forty years, first at the
Philadelphia Inquirer
(1971–1997), then at
Time
magazine (1997–2006), and now at
Vanity Fair
since 2006. They have also written seven books. They are the only reporting team ever to have received two Pulitzer Prizes for newspaper reporting and two National Magazine Awards for magazine work. They live in Philadelphia.

PublicAffairs is a publishing house founded in 1997. It is a tribute to the standards, values, and flair of three persons who have served as mentors to countless reporters, writers, editors, and book people of all kinds, including me.

I. F. STONE, proprietor of
I. F. Stone’s Weekly
, combined a commitment to the First Amendment with entrepreneurial zeal and reporting skill and became one of the great independent journalists in American history. At the age of eighty, Izzy published
The Trial of Socrates,
which was a national bestseller. He wrote the book after he taught himself ancient Greek.

BENJAMIN C. BRADLEE was for nearly thirty years the charismatic editorial leader of
The Washington Post.
It was Ben who gave the
Post
the range and courage to pursue such historic issues as Watergate. He supported his reporters with a tenacity that made them fearless and it is no accident that so many became authors of influential, best-selling books.

ROBERT L. BERNSTEIN, the chief executive of Random House for more than a quarter century, guided one of the nation’s premier publishing houses. Bob was personally responsible for many books of political dissent and argument that challenged tyranny around the globe. He is also the founder and longtime chair of Human Rights Watch, one of the most respected human rights organizations in the world.