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
See 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.
For fifty years, the banner of Public Affairs Press was carried by its owner Morris B. Schnapper, who published Gandhi, Nasser, Toynbee, Truman, and about 1,500 other authors. In 1983, Schnapper was described by The Washington Post as “a redoubtable gadfly.” His legacy will endure in the books to come.
Peter Osnos, Founder and Editor-at-Large
Copyright © 2012 by Donald L. Barlett and James B. Steele.
Published in the United States by PublicAffairs™,
a Member of the Perseus Books Group
All rights reserved.
No part of this book may be reproduced in any manner whatsoever without written permission except in the case of brief quotations embodied in critical articles and reviews. For information, address PublicAffairs, 250 West 57th Street, Suite 1321, New York, NY 10107.
PublicAffairs books are available at special discounts for bulk purchases in the U.S. by corporations, institutions, and other organizations. For more information, please contact the Special Markets Department at the Perseus Books Group, 2300 Chestnut Street, Suite 200, Philadelphia, PA 19103, call (800) 810-4145, ext. 5000, or e-mail [email protected].
Library of Congress Cataloging-in-Publication Data
Barlett, Donald L.
The betrayal of the American dream / Donald L. Barlett and James B. Steele.
p. cm.
Includes bibliographical references and index.
eISBN : 978-1-586-48970-0
States—Economic conditions—2009–2. United States—Economic policy—2009–
3. Middle class—United States—Economic conditions—21st century. 4. Working class—United States—Economic conditions—21st century. I. Steele, James B. II. Title.
HC106.84.B37 2012
330.973—dc23
2012012879
Donald L. Barlett, The Betrayal of the American Dream
The Betrayal of the American Dream Page 24