To: Havoc
Here's your historical data, this is the direction economic indicators have moved since NAFTA, the baseline is pre-NAFTA, the good news is now.
New unemployment claims - DOWN
Unemployment as a percentage - DOWN
Total jobs in the economy - UP
GDP - UP
Manufacturing indexes - UP
Retail sales - UP
Inflation - DOWN
That FULLY answers your question. There's no spin here, no distortion, no dodging. Just the pure simple fact that EVERY SINGLE economic indicator of any merit has moved in the good direction since NAFTA. Every one, no exception. That is the pure and simple truth and no matter how hard you stamp your foot and LIE those facts will not change. Free trade has demonstrably been good for America in EVERY MEASURABLE WAY and anyone that says otherwise is a liar and a moron.
584 posted on
04/13/2004 3:26:52 PM PDT by
discostu
(Brick urgently required, must be thick and well kept)
To: discostu
No, that doesn't answer my question. It isn't proof of anything to do with free trade. I asked you specifically to cite historic reference that shows that the theory has been (A) proven, (B) by whome and additionally (C) that it will function absent the baseline the theory requires to function in the first place.
You've not yet done it. Now, I understand you're handicapped by a lack of understanding of the English language; but, if need be, get a translator and take your time. As I said, Adam Smith's theory was subjected to such proofs. So where's yours. Take your time - in no rush.
586 posted on
04/13/2004 3:44:18 PM PDT by
Havoc
("The line must be drawn here. This far and no further!")
To: discostu
Home loans and second mortgages -- WAY UP
Credit Card Debt -- WAY UP
Bankruptcies and loan defaults -- UP
Inflation on basic costs of living -- UP Real wages -- DOWN
State and City Income Tax Receipts -- WAY DOWN
Savings -- WAY DOWN
Hedonically adjusted inflation -- WAY DOWN!
People are trained to spend, to borrow to spend, to borrow more to spend ... so
Retail Sales -- UP!
Worry about Tomorrow -- DOWN!
BE HAPPY! :-))
595 posted on
04/13/2004 3:59:55 PM PDT by
bvw
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