To: MonroeDNA
The proof is in the pudding ---- we don't need "theories". We have the cold hard facts of the free trade economy staring us in the face: giant trade deficits, double digit unemployment in many parts of the country, large welfare rolls and the "NAFTA displaced worker" programs, massive immigration of indigent people from those countries expected to benefit most with NAFTA, state budget deficits never before imagined, unstable stock market and a social security system about to see some big cuts.
18 posted on
08/19/2003 4:52:45 PM PDT by
FITZ
To: FITZ
The proof is in the pudding ---- we don't need "theories". We have the cold hard facts of the free trade economy staring us in the face: giant trade deficits, double digit unemployment in many parts of the country, large welfare rolls and the "NAFTA displaced worker" programs, massive immigration of indigent people from those countries expected to benefit most with NAFTA, state budget deficits never before imagined, unstable stock market and a social security system about to see some big cuts.And much more importantly, on CBS Marketwatch today, a PhD in Economics noted that at this particular point in a recovery, we have historically seen a 5% increase in employment off the lows. However, this time -- the very first post NAFTA, post WTO recovery -- we are actually 1% off the lows at the same comparison period.
6% job drain. I think that was the Giant Sucking Sound Messr. Perot was discussing.
21 posted on
08/19/2003 5:05:00 PM PDT by
Lazamataz
(I'm pretending I'm pulling in a TROUT! Am I doing it correctly?)
To: FITZ
You forgot "dogs and cats, living together!"
22 posted on
08/19/2003 5:05:39 PM PDT by
MonroeDNA
(No longshoremen were injured to produce this tagline.)
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