To: presidio9
You are demonstrably wrong. My point was that the average Mexican spends more on US imports than the average American spends on Mexican imports. This is indisputable.
Inneresting since last time I looked we ran a 30 billion dollar annual trade deficit with that 3rd world narco-anarachy. Before NAFTA we ran a surplus with them
140 posted on
01/09/2007 2:30:27 PM PST by
dennisw
(Don't let your past become your future -- Georges Gurdjieff)
To: dennisw
Of course we do. We have three times as many consumers as they do. The deficit should be a lot higher, except that most of what we export to them is high-end goods and most of what we import is oil, agricultural products and textiles. Do we need to raise the price of oil in this country so we can protect our nation's garment industry?
141 posted on
01/09/2007 2:34:09 PM PST by
presidio9
(Karl Rove has the weather machine set on "defrost")
To: dennisw; presidio9
Before NAFTA we ran a surplus with them NAFTA was signed in December 1993, when the peso was about 3 to the dollar. In 1994, we had a $1.3 billion trade surplus. When they devalued, it dropped to 5 pesos to the dollar in less than a month. And 8 to the dollar by the end of 1995.
Our trade deficit in 1995 was $15.8 billion. Because they devalued, not because of NAFTA.
185 posted on
01/09/2007 8:27:29 PM PST by
Toddsterpatriot
(There is no cause so right that one cannot find a fool following it.)
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