NAFTA
October 20th, 2016 at 12:08:39 PM permalink | |
Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
The first President H.W. Bush signed the actual trade agreement, which then had to be ratified by both chambers of Congress. President Clinton signed that ratification.
Most studies show NAFTA had a relatively small impact on the economy. "NAFTA did not cause the huge job losses feared by the critics or the large economic gains predicted by supporters. The net overall effect of NAFTA on the U.S. economy appears to have been relatively modest,” according to the nonpartisan Congressional Research Service. Marilyn Geewax NPR Senior Business |
October 20th, 2016 at 12:25:47 PM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 | And then there's the other side of the coin: "The data also show how post-NAFTA trade and investment trends have contributed to middle-class pay cuts, which in turn contributed to growing income inequality; how since NAFTA, U.S. trade deficit growth with Mexico and Canada has been 45 percent higher than with countries not party to a U.S. Free Trade Agreement, and how U.S. manufacturing exports to Canada and Mexico have grown at less than half the pre-NAFTA rate. NAFTA’s actual outcomes prove how damaging this type of agreement is for most people, demonstrating why NAFTA should be renegotiated or terminated. The evidence makes clear that we cannot have any more such deals that include job-offshoring incentives, requirements we import food that doesn’t meet our safety standards or new rights for firms to get taxpayer compensation before foreign tribunals for laws they don’t like." http://www.huffingtonpost.com/lori-wallach/nafta-at-20-one-million-u_b_4550207.html If you take a risk, you may lose. If you never take a risk, you will always lose. |
October 20th, 2016 at 2:05:12 PM permalink | |
terapined Member since: Aug 6, 2014 Threads: 73 Posts: 11803 | I totally support NAFTA Big companies, domestic business and international business is intertwined. Give US businesses the freedom to compete on the international stage without shackles Sometimes we live no particular way but our own - Grateful Dead "Eyes of the World" |
October 20th, 2016 at 2:44:19 PM permalink | |
Nareed Member since: Oct 24, 2012 Threads: 346 Posts: 12545 | If tariffs and trade barriers were so great, why not impose them between US states? Do you want jobs to go leave California for New Mexico? Donald Trump is a one-term LOSER |