NAFTA Is 20 Years Old – Here Are 20 Facts That Show How It Is Destroying
The Economy By Michael Snyder, on August 14th,
2014
Back
in the early 1990s, the North American Free Trade Agreement was one of the
hottest political issues in the country. When he was running for
president in 1992, Bill Clinton promised that NAFTA would result in an increase
in the number of high quality jobs for Americans that it would reduce illegal
immigration. Ross Perot warned that just the opposite would happen.
He warned that if NAFTA was implemented there would be a "giant sucking sound" as
thousands of businesses and millions of jobs left this country. Most
Americans chose to believe Bill Clinton. Well, it is 20 years later and
it turns out that Perot was right and Clinton was dead wrong.
But
now history is repeating itself, and most Americans don't even realize that it
is happening. As you will read about at the end of this article, Barack
Obama has been negotiating a secret trade treaty that is being called
"NAFTA on steroids", and if Congress adopts it we could lose millions
more good paying jobs.
It amazes me how the American people
can fall for the same lies over and over again. The lies that serial liar
Barack Obama is telling about "free trade" and the globalization of
the economy are the same lies that Bill Clinton was telling back in the early
1990s. The following is an excerpt from a recent interview
with Paul Craig Roberts...
I remember in the 90′s when former
Presidential candidate Ross Perot emphatically stated that NAFTA (North American
Free Trade Agreement) would create a giant “sucking sound” of jobs being
extracted away from the U.S. He did not win the election, and NAFTA was
instituted on Jan. 1, 1994. Now, 20 years later, we see the result of all the
jobs that have been “sucked away” to other countries.
“Clinton and his collaborators
promised that the deal would bring “good-paying American jobs,” a rising trade
surplus with Mexico, and a dramatic reduction in illegal immigration.
Considering that thousands of kids are pouring over the border as we speak,
well, how’d that work out for us?
Many Americans like to remember Bill
Clinton as a "great president" for some reason. Well, it turns
out that he was completely and totally wrong about NAFTA. The following
are 20 facts that show how NAFTA is destroying the economy...
#1 More than 845,000 American workers have been
officially certified for Trade Adjustment Assistance because they lost their jobs due to imports from Mexico or
Canada or because their factories were relocated to those nations.
#3 U.S. manufacturers pay Mexican workers just a little
over a dollar an hour to do jobs that American workers
used to do.
#4 The number of illegal immigrants living in the United
States has more than doubled since the implementation of NAFTA.
#5 In the year before NAFTA, the U.S. had a trade surplus with
Mexico and the trade deficit with Canada was only 29.6 billion dollars.
Last year, the U.S. had a combined trade deficit with Mexico and Canada of 177 billion dollars.
#6 It has been estimated that the U.S. economy loses approximately 9,000 jobs for every 1 billion dollars of goods that are imported from
overseas.
#7 One professor has estimated that cutting the total U.S.
trade deficit in half would create 5 million more jobs in the United States.
#8 Since the auto industry bailout, approximately 70 percent of
all GM vehicles have been built outside the United States. In fact, many
of them are now being built in Mexico.
#9 NAFTA hasn't worked out very well for Mexico either.
Since 1994, the average yearly rate of economic growth in Mexico has been less than one percent.
#10 The exporting of massive amounts of government-subsidized
U.S. corn down into Mexico has destroyed more than a million
Mexican jobs and has helped fuel the continual
rise in the number of illegal immigrants coming north.
#11 Someone making minimum wage in Mexico today can buy 38 percent fewer consumer goods than the day
before NAFTA went into effect.
#12 Overall, the United States has lost a total of more than 56,000 manufacturing facilities since 2001.
#13 Back in the 1980s, more than 20 percent of the jobs in the
United States were manufacturing jobs. Today, only about 9 percent of the jobs in the United States are manufacturing jobs.
#14 We have fewer Americans working in manufacturing today than we did in 1950 even though our population has more than doubled since
then.
#15 Back in 1950, more than 80 percent of all men in
the United States had jobs. Today, only 65 percent of all men in the United States
have jobs.
#16 As I wrote about recently, one out of every six men in their prime working years (25 to 54) do not have a job
at this point.
#17 Because we have shipped millions of jobs overseas, the
competition for the jobs that remain has become extremely intense and this has
put downward pressure on wages. Right now, half the country makes $27,520 a year or less from their jobs.
#18 When adults cannot get decent jobs, it is often children
that suffer the most. It is hard to believe, but more than one out
of every five children in the United
States is living in poverty in 2014.
#19 In 1994, only 27 million Americans were on food stamps. Today, more than 46 million
Americans are on food stamps.
#20 According to Professor Alan Blinder of Princeton
University, 40 million more U.S. jobs could be sent
offshore over the next two decades if current trends continue.
For much more on this, please
watch the video by Charlie LeDuff posted below. It is well worth a few minutes of your
time...
So if NAFTA is so bad for American
workers, then why don't our politicians just repeal it?
Well, unfortunately most of them are
not willing to do this because it is part of a larger agenda. For
decades, politicians from both major political parties have been working to
slowly integrate North America. The eventual goal is to turn North
America into another version of the European Union.
“After America comes North America,” Petraeus said confidently in answering the question about what comes
after the United States, the theme of the panel discussion. “Are we on the
threshold of the North American decade, question mark? I threw that away —
threw away the question mark — and boldly proclaimed the coming North American
decade, says the title now.” He also boasted about how the three economies have been put “together” over the last 20 years
as part of the “implementation” of the North American Free Trade Act.
The “highly integrated” forces of
Canada, the United States, and Mexico, Petraeus continued, will become the
world’s powerhouse for energy and science. “There are four revolutions that are
ongoing at various levels in each of the countries but foremost in the United
States,” said the former CIA chief, who now serves as chairman of the KKR
Global Institute. “The energy revolution is the first of those, which has
created the biggest change in geopolitics since the rise of China since 1978.”
The other “revolutions” include IT, manufacturing, and life sciences, which,
“as highly integrated as they are, allow you to argue that after America comes
North America,” he added.
When you hear our politicians talk
about "free trade", what they are really talking about is integrating
us even further into the emerging one world economic system. And over the
past couple of years, Barack Obama has been
negotiating a secret treaty which would
send the deindustrialization of America into overdrive. The formal name
of this secret agreement is "the Trans-Pacific Partnership", and it
would ultimately result in millions more good jobs being sent to the other side
of the planet where it is legal to pay slave labor wages. The following
is a description of this insidious treaty from one of my
previous articles...
Did you know that the Obama
administration is negotiating a super secret "trade agreement" that
is so sensitive that he isn't even allowing members of Congress to see
it? The Trans-Pacific Partnership is being called the "NAFTA of the
Pacific" and "NAFTA on steroids", but the truth is that it is so
much more than just a trade agreement. This treaty has 29 chapters, but
only 5 of them have to do with trade. Most Americans don't realize this,
but this treaty will fundamentally change our laws regarding Internet freedom,
health care, the trading of derivatives, copyright issues, food safety,
environmental standards, civil liberties and so much more. It will also
merge the United States far more deeply into the emerging one world economic
system. Initially, twelve nations will be a party to this treaty including
the United States, Mexico, Canada, Japan, Australia, Brunei, Chile, Malaysia,
New Zealand, Peru, Singapore and Vietnam. Together, those nations
represent approximately 40 percent
of global GDP. It is hoped that additional nations such as the Philippines,
Thailand and Colombia will join the treaty later on.
Unfortunately,
most Americans are as uneducated about these issues as they were back in 1994.
That is
why we need to get this information out to as many people as we can.
So what is
your perspective on all of this? Please feel free to share your thoughts
by posting a comment below...
Americans must face the truth and
demand change............
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