"Oh, Gatt/Nafta is going to be great! We will raise the economies of third world countries and their citizens will become wealthy enough to buy from us!!! Can you imagine what opening our markets to billions of people will do for our economy...blah, blah, blah...
These countries have our manufacturing base now... What do they need from us that they cannot design and build for their own?
The stock market made a lot of people rich in the 90's. I hope they saved their money because it will never be made like this again. Unless of course they invest it in foreign markets who are buying up American assets...
"People like you" sums it up quite nicely when talking about duping the masses and getting away with it...
Oh, only about $1 trillion worth of stuff. From that allegedly devastated manufacturing base of ours.
Half of the profits for S&P 500 companies are derived from business done overseas. Stick your cash in your mattress. I'll continue to make 9% a yr in the mkt which is the avg the last 100yrs or so
Same Number of Workers, 4.5X as Much Output
Both series (jobs and output) in the above chart are indexes equal to 100 in 1960. With roughly the same number of U.S. employees in manufacturing as in 1960, the U.S. economy produced almost 4.5 times as much manufacturing output in 2007 as in 1960! It's an often unappreciated, but amazing record of increases in American worker productivity in manufacturing.
http://mjperry.blogspot.com/2008/03/same-number-of-workers-45x-as-much.html