[quote=GRR Spartan;4992225]When you are from Arkansas you look out for WalMart and Tyson, from Connecticut its insurance companies, Iowa its John Deere, IN its Eli Lillie, PA used to be steel now Big Pharma, Texas its Big Oil, Florida its tourism, California its entertainment and high tech.
When you are from Delaware you look out for DuPont.
Like Tip O'Neill said, "All politics are local."[/quote]
That may have been true in Boston when he said it. Most US multinational corporations (50% of all publicly traded companies and 60% of the Fortune 500) are incorporated in Delaware.
As Alexander Cockburn puts it:
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The first duty of any senator from Delaware is to do the bidding of the banks and large corporations which use the tiny state as a drop box and legal sanctuary. Biden has never failed his masters in this primary task. Find any bill that sticks it to the ordinary folk on behalf of the Money Power and you’ll likely detect Biden’s hand at work. The bankruptcy act of 2005 was just one sample. In concert with his fellow corporate serf, Senator Tom Carper, Biden blocked all efforts to hinder bankrupt corporations from fleeing from their real locations to the legal sanctuary of Delaware. Since Obama is himself a corporate serf and from day one in the US senate has been attentive to the same masters that employ Biden, the ticket is well balanced, the seesaw with Obama at one end and Biden at the other dead-level on the fulcrum of corporate capital.
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