NAFTA has resulted in an increase in Exports and the Chinas entry into the World Trade Organization has resulted in the exodus of US plant and equipment to China . The Jobs were given to China to exploit the cheaper wages paid to factory workers. A huge trade deficit with China followed and that where we stand today. Please get your Economics right! This is a government run by and for Corporate America. So what's new about that dumcoffs?
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More NAFTA Nonsense
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An Incomplete Quote
Obama's mailer goes on to ask, "Is Hillary Clinton running away from her own record on trade deals that have cost Ohio nearly 50,000 jobs?" It then lists various quotes from Clinton on NAFTA, the most recent of which is a truncated version of the senator's remarks. The mailer quotes Clinton saying in Jan. 2004, "I think on balance NAFTA has been good for New York and America." As we said previously, the full context of those remarks, made in response to questions in a news teleconference, shows that Clinton advocated revisiting and renegotiating trade agreements. In that teleconference, she said she "always thought" that old trade agreements should be revisited and that environmental, health and labor standards should be added. "I think that we need a re-thinking of our trade policies," she said.
The Clinton campaign has sent out its own misleading mailer on NAFTA, trying to convince Ohio voters that Obama has praised the trade agreement in the past. Campaign rhetoric aside, the two candidates' positions on NAFTA are virtually the same.
Reprinted with permission from Factcheck.org
Sources
Scott, Robert E. "NAFTA's Legacy: Rising trade deficits lead to significant job displacement and declining job quality for the United States."(Chapter 2 of "Revisiting NAFTA Still not working for North America's workers.")
Economic Policy Institute, 28 Sept. 2006.
Hufbauer, Gary Clyde and Schott, Jeffrey J. "NAFTA Revisited: Achievements and Challenges." Institute for International Economics, Oct. 2005: 84.
J.F. Hornbeck. "NAFTA at Ten: Lessons from Recent Studies." Congressional Research Service, 13 Feb. 2004.
Audley, John J., et. al. "NAFTA's Promise and Reality: Lessons from Mexico for the Hemisphere." Carnegie Endowment for International Peace, 2004.
Chapman, Steve. "Democratic myths collide with reality of NAFTA." Chicago Tribune, 28 Feb. 2008.
"Fact Check: Clinton, Obama and NAFTA." Associated Press, 26 Feb. 2008.
U.S. Bureau of Labor Statistics. Total Nonfarm employment, seasonally adjusted. 1994 – 2008, 3 March 2008.
U.S. Bureau of Labor Statistics. Manufacturing employment, seasonally adjusted. 1994 – 2008, 3 March 2008.
© 2008
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