Former presidential Bill Clinton wants to blame capitalism, not NAFTA, for the Carrier air conditioning company choosing to close two plants in Indiana and move them to Mexico.

Clinton argued that The North American Free Trade Agreement that he signed was not the reason why so many jobs were going to Mexico.

“It’s not what was going on at all,” he said, saying the companies were making high profits but were forced to move to Mexico by company shareholders.

“This is classic what’s wrong with America today,” he said, calling it “quarterly capitalism” letting “the finance tail wagging the economic dog.”

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