Posted on 02/11/2011 7:50:25 PM PST by FromLori
Perot is famous (among other things) for his statement during the 1992 presidential campaign that if NAFTA (North American Free Trade Agreement) was not a two way street would create a “giant sucking sound” of jobs going south to the cheap labor markets of Mexico.
Both of Perot’s opponents (George H.W. Bush and Bill Clinton) argued that NAFTA would create jobs in the U.S. because of business expansion.
However, the goods balance of trade for the U.S. with Mexico has been negative and steadily growing over the years. In 2010 it amounted to $61.6 billion, which was 9.5% of the total goods trade deficit last year.
So Perot has been vindicated in his opinion; expanded free trade has not been accompanied by an increase in jobs in the U.S. relative to the vast numbers of jobs created in the rest of the world as NAFTA became just a stepping stone on the pathway to global commerce.
Just how much the giant vacuum has been collecting has been calculated at GEI Analysis. The results are shown in the following two graphs.
The first shows manufacturing jobs lost each year starting with 1992 that are equivalent to the U.S. goods trade deficits over the past 19 years. The second shows the cumulative job loss, amounting to almost 29 million jobs by the end of 2010.
(Excerpt) Read more at businessinsider.com ...
Or maybe he was just wrong? He said we would lose jobs SO FAST, you'd hear a giant sucking sound. Instead, 8 years later, there were nearly 23 million more jobs. A growth of over 20%.
If that's a sucking sound, we could use another one just like it right now.
In the last dozen years, the employment rate .....
Has nothing to do with Ross's prediction of the aftermath of NAFTA.
Don’t cry Lori.
Got your lackey to help you lol proven liar that’s all you are.
Sorry Lori, 1600 is less than 1773, even if it makes you sad.
Right back to the lies huh todd here’s the link for all to see what a whacko you are how you make things up and just harass people. Now I see your trying a gang bang with whats his face. Like I told you before prove it put up or shut up LIAR. Only one who ever said anything about 1600 being less then 1773 is you and I am sick of your stalking and harassing me.
http://www.freerepublic.com/focus/f-news/2668412/posts
http://freerepublic.com/focus/f-news/2668104/posts
Do you agree or not?
and I am sick of your stalking and harassing me.
If you stopped crying long enough to answer the question.....
I agree your a sicko, stalker and most likely dangerous.
Waaaaa
LIAR put up or shut up
Sorry if your refusal to agree the parenthesis has the math wrong makes you sound innumerate as well.
Link is there for all to see how you lie stalker
Yup, the link is there for all to see the bad math. Glad you agree.
You prove my point every time your not only a liar but a stalker.
Don’t cry Lori.....
Don’t worry stalker you could never make me cry.
Waaaaa
Seek help
I’ll keep helping you with your math and you keep getting it wrong.
Links there for the world to see Liar
Why do people trust a government that lies 24/7?Are people this GD dumb?
I second this post!
The globalist crowd has won the day and the American middle class has begun to shrink over the last couple of decades.
Ross was right.
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