In 1994 our surplus was $1.3 billion. In 1995, our deficit was $15.8 billion. You think that might have something to do with the devaluation?
Your earlier statement that the deficit is mostly oil is far from accurate.
Clean your glasses. That wasn't me.
It’s fairly amazing for you to mention anything as being unsourced since you’ve source one table and it had no relevance to the conversation.
My table showed that 7 years after NAFTA, we had more manufacturing jobs than we did the day NAFTA passed. That's one slow sucking sound ya got there Ross.
Here’s a table that attributes the loss of 1 million jobs to NAFTA
Well, 1 million is almost 3 million. LOL!
Z Magazine?
Z Magazine was founded in 1987, by two of the cofounders of South End Press. The name was inspired by the movie Z, directed by Costa-Gavras, that tells the story of repression and resistance in Greece. Comrade Z (a leader of the resistance) has been assassinated and his killers, including the chief of police, are indicted. Instead of the expected positive outcome, the prosecutor mysteriously disappears and a right-wing military junta takes over. The security police set out to prevent “a mildew of the mind,” an infiltration of “isms” or “spots on the sun.”
As the closing credits roll, instead of listing the cast and crew, the filmmakers list the things banned by the junta. They include: peace movements, labor unions, long hair on men, Sophocles, Tolstoy, Aeschylus, strikes, Socrates, Ionesco, Sartre, the Beatles, Chekhov, Mark Twain, the bar association, sociology, Becket, the International Encyclopedia, the free press, modern and popular music, the new math, and the letter Z, which has been scrawled on the sidewalk as the film’s final image, symbolizing “the spirit of resistance lives.”
Fight the man. Don't bogart that joint. LOL!
“In 1994 our surplus was $1.3 billion. In 1995, our deficit was $15.8 billion. You think that might have something to do with the devaluation?”
Probably had next to nothing to do with it. Oil and most international trade is done in dollars. All the trade figures are stated in dollars. Mexico got dollars for its oil. Things from the US were more expensive for Mexico and Mexicans to buy, but that is their loss and does not change the comparison of US imports and exports, a significant portion of which takes place intra and inter company between US corporations. The deficit now is around $70 billion, all stated in dollars and it took place since the peso devaluation in 1994, everything stated during a period of a more stable peso.
“My table showed that 7 years after NAFTA, we had more manufacturing jobs than we did the day NAFTA passed. That’s one slow sucking sound ya got there Ross.”
Your table shows nothing related to manufacturing jobs lost to NAFTA because it shows only totals, with no data as to where gains and losses took place, and gains are losses and taking place every year. It shows a change in seven years from 16,185 to 17,181 which is anemic growth. And, today we have about the same number of manufacturing jobs we had forty years ago with half today’s population and even less a fraction of today’s GDP.
“Well, 1 million is almost 3 million. LOL!”
Yeah, LOL, LOL, LOL, 1 million in the past ten years, many more pre-NAFTA, and during the maquiladora years.
This is a waste of time and you obviously don’t understand statistics and basic comparisons if you think that table says one thing about gain or loss of manufacturing jobs specifically related to NAFTA.
There are numerous sources showing job gains and losses, and they all show losses of US manufacturing jobs.
Good day,