NAFTA caused a giant sucking sound of lost jobs? That's funny!
Import taxes were in place to protect the American worker with his job and add revenue to the gov's coffers....to level the playing field against countries with lower standards of living selling their goods here.
Protect America from countries with lower standards of living by lowering Americans standards of living? Great idea. LOL!
All of it is a sham to allow international corporations to gain huge profits
Damn those profitable companies.
Ross Perot had a point: we are doomed. Others have come-along after him to repeat the message, but he was a pioneer. And someday, we just might be doomed.
There would have been a giant sucking sound towards the southern border but China entered the picture instead. Even cheaper labor than mehico.
You know any construction workers or factory floor workers? Doubt it.
The illegal immigration flood has had the effective result of keeping those wages depressed for years now.
To me, I knew once when the average American could raise a family on those types of jobs, have medical coverage, and pay for a home.
Not any more.
Laugh at this:
Sources: Congressional Budget Office; Department of Labor, Bureau of Labor Statistics.
Note: The vertical bars indicate periods of recession as defined by the National Bureau of Economic Research.
The manufacturing sector of the U.S. economy has experienced substantial job losses over the past several years. In January 2004, the number of such jobs stood at 14.3 million, down by 3.0 million jobs, or 17.5 percent, since July 2000 and about 5.2 million since the historical peak in 1979. Employment in manufacturing was its lowest since July 1950 (see Figure 1).
Source:http://www.cbo.gov/ftpdoc.cfm?index=5078&type=0
Sorce:http://www.census.gov/population/www/pop-profile/natproj.html
So, with 77 million baby boomers retiring soon (born 1946-1964), which is 22% of the entire population, and millions of manufacturing jobs out the window, I guess your interpretation and thinking is a results from your outcome-based education and embracing of the recent "NEW MATH" paints a rosey picture forever with a $9.2 trillion total debt?
The middle class will soon disappear.