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Detailed text transcripts for TV channel - CNN - 20110421:00:29:00

the globalization of the world economy has been great for multinationals and has been terrible for the american middle class. if you talk about jobs i want to put a chart out that shows where the jobs have gone over the last decade. u.s. multinationals have cut u.s. jobs by 2.9 million. those same u.s. multinationals have added 2.4 million jobs overseas. that s just what you re saying, whether it s intel or general motors, they re doing great overseas and collapsing over here. what you re telling me is trade may be bad for the american middle class. no, come on, it s not as simple as that and you know it. i m just trying to bait you a little bit. right, you ve succeeded. firstly, those profits that those companies are making overseas get plowed back into dividends that are paid into 401 ks, into investments, into muse wall funds, so it s not a zero

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