A worker walks inside a giant warehouse under construction for an expanding customs brokerage house that handles import and export goods in Laredo, Texas, Friday, Feb. 29, 2008. Democrats Barack Obama and Hillary Rodham Clinton roundly condemn NAFTA, the North American Free Trade Agreement, as they campaign across Ohio. But the candidates are relatively silent about the matter in Texas that has seen an economic renaissance along its southern border due to the increased trade between the U.S. and Mexico (AP Photo/LM Otero)
State and local governments in what later became the rust belt also thought that they too could treat the industries under their jurisdiction as prey rather than assets, and siphon off more of the wealth created by those industries into state and local treasuries with ever higher taxes -- again, without considering repercussions.
In the short run, you can get away with all sorts of things.
The rust belt is where those rising costs have come home to roost.
clipped from: www.townhall.com 