1992: Ross Perot said expect a "large sucking sound" as jobs leave the US from NAFTA
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Jack Schitt
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Posted 11:20 pm, 04/04/2025
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Remember the crash during Obama's reign.
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the dog's butler
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Posted 9:46 pm, 04/04/2025
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That sucking sound was the taking of money from my 401k.
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Anonymoose
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Posted 9:05 pm, 04/04/2025
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Clinton signed it into law on December 8, 1993; the agreement went into effect on January 1, 1994.[25][26] At the signing ceremony, Clinton recognized four individuals for their efforts in accomplishing the historic trade deal: Vice President Al Gore, Chairwoman of the Council of Economic Advisers Laura Tyson, Director of the National Economic Council Robert Rubin, and Republican Congressman David Dreier.[27] Clinton also stated that "NAFTA means jobs. American jobs, and good-paying American jobs. If I didn't believe that, I wouldn't support this agreement."[28] NAFTA replaced the previous Canada-US FTA.
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bif14
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Posted 8:56 pm, 04/04/2025
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Quoting Ross Perot I bet you voted for Bush who was all about free trade and a new world order. You are just like what you called Kerry on, being for it before you are against it like now. Just a loyal repub.
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antithesis
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Posted 6:16 pm, 04/04/2025
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Here, let me fix that for you, DB...
"Save yourself some trouble goofball. MAGA supporters can't read."
Bill Clinton signed it into law.
We've already had this conversation, hon. Did you forget, or just can't understand?
President Ronald Reagan proposed a North American common market in his 1980 presidential campaign. Europe's common market, known as the European Economic Community, had already been initiated with the Treaty of Rome in 1957. Congress passed the Trade and Tariff Act in 1984, which built upon and amended the prior Trade Act of 1974. The act gave enhanced "fast-track" authority to negotiate bilateral free trade agreements, streamlining negotiations. Canadian Prime Minister Brian Mulroney agreed to begin discussions for the Canada-U.S. Free Trade Agreement in 1985. Negotiations began in 1986, and the agreement was signed in 1988. It went into effect on January 1, 1989 and remained in force until NAFTA replaced it. In June 1990, Mexican President Carlos Salinas de Gortari requested a free trade agreement with the U.S. Reagan's successor, President George H.W. Bush, began negotiations with President Salinas in September 1990. The goal was a liberalized trade agreement among Mexico, Canada, and the U.S. NAFTA was signed by outgoing President George H.W. Bush, Mexican President Salinas, and Canadian Prime Minister Brian Mulroney in 1992. The European Union had been created by the Treaty of Maastricht earlier that year. Concerns about the liberalization of labor and environmental regulations led to the adoption of two addendums. NAFTA was ratified by the legislatures of the three countries in 1993. President Bill Clinton signed it into law on December 8, 1993. It took effect on January 1, 1994. https://www.thebalancemoney...ta-3306272There's no denying that Reagan, Bush Sr, and Clinton all considered it to be a great success. But it's flat out wrong to claim that it was Bill Clinton's idea.
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Anonymoose
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Posted 2:41 pm, 04/04/2025
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PBS : For years before that campaign, Clinton repeatedly defended the North American Free Trade Agreement, which her husband shepherded through Congress in 1993. As first lady in 1996, she said "NAFTA is proving its worth." As a New York senator, she said the agreement was good for the U.S. "on balance" and her 2003 memoir voiced the conviction that the deal with Canada and Mexico was the right step.
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Anonymoose
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Posted 2:25 pm, 04/04/2025
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To Create Trade Opportunities and Expand the Benefits of Globalization, President Clinton: Won Ratification of the North America Free Trade Agreement (NAFTA) in 1993, creating the world's largest free trade zone of the U.S., Canada, and Mexico.
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Anonymoose
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Posted 2:20 pm, 04/04/2025
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Bill Clinton signed it into law. It was so bad that Hillary tried to distance herself from Bills policy
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DB Cooper
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Posted 2:16 pm, 04/04/2025
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Save yourself some trouble goofball. Nobody reads your upchuck.
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antithesis
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Posted 2:13 pm, 04/04/2025
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My family was scared of NAFTA when Reagan did it, too. It had a HUGE negative impact on the factory workers in Wilkes!
But it's nonsense to imagine that those jobs are coming back, or that we would want them. Under Biden we had a near record low unemployment and a surplus of 8 million jobs... we simply don't have the people to work those manufacturing jobs anymore, and definitely NOT a surplus of minimum wage workers. The nation moved on for the better.
The only thing that can possibly happen will be a further surplus of jobs and higher prices on literally everything. Including food.
Please explain... if manufacturers were to build locations here, where do you think the employees will come from?
Further, the average monthly wage for a factory worker in China is $920 USD...
That compares to an average monthly wage of $2,899 in the US...
Are you wanting to pay triple the cost for literally everything, just to provide low wage jobs for people that don't exist?
What do you imagine is the advantage to the US for a 300% inflation rate?
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DB Cooper
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Posted 9:12 am, 04/04/2025
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Thanks to President Trump... that sucking sound is jobs coming back to the US!
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