Title: NAFTA: Ross Perot and Al Gore Debate 1993 (1/8) Source:
[None] URL Source:[None] Published:Oct 29, 2010 Author:mikeh63 Post Date:2010-10-29 21:42:56 by Itistoolate Keywords:None Views:131 Comments:7
See the link to the chart for the results of trade with Mexico. The year NAFTA was ratified, America had a $1 billion trade surplus with Mexico. By 1995, America had a $16 billion trade deficit with Mexico. Today, America's trade deficit with Mexico is $74 billion. The facts in the chart make President Clinton, Vice President Gore and all the newspaper editors who wrote editorials supporting NAFTA look like complete idiots or worse. Ross Perot was absolutely right even though he was not effective in the debate. Again, no matter what your views are on NAFTA, the chart (link below) speaks for itself.
Also, this video is significant because it documents how NAFTA was sold to America by its elected leaders. In hindsight, some of the most ridiculous statements I heard from the debate was from Vice President Al Gore:
1) "They [GM] have started to move jobs back from Mexico to the United States." 2) "If he [Ross Perot] is right, then you give six months notice and you're out of it [NAFTA]."
Lessons learned: Any time your government tries to sell you on a free trade deal with another country that has disparate living and environmental standards, don't believe it. President Bill Clinton also made similar claims about free trade with Communist China when he signed a free trade agreement with that country in 1999. Today, the US has lost countless jobs to Communist China and suffers a staggering and unsustainable $250 billion annual trade deficit with that country.
Updated 08.5.10, The Decline: The Geography of a Recession by LaToya Egwuekwe (OFFICIAL)
Thanks for this, IATL. I was a Perotista in '92 so I watched this live. I'll never forget Owlgore pulling out a pic of Smoot and Hawley to buttress his argument against "protectionism." Little did Ross know that the Smoot-Hawley Act became law *after* the start of the Great Depression, so it wasn't the cause as asshat globalists tried to present.
I supported Ross Perot, but he lost me when he picked his VP. The man (VP pick) may have been brilliant, but he could't string two coherant words together. I did vote for him, as anything was better than GHW Bush and Clinton.
By 1995, America had a $16 billion trade deficit with Mexico. Today, America's trade deficit with Mexico is $74 billion.
Much, if not most of the US trade deficit is because of oil imports -- 1.2-million barrels/day in August, second only to the 1.9-million/day from Canada. If the oil was not bought from Mexico it would have be imported at higher (transportation) cost from the ME.
The crux of the US balance of payments problem stems from the country's preoccupation with wars (for Israel)and war industries instead of developing high tech, consumer-oriented stuff as Germany is doing (and is able to top China dollar-wise in exports). Mexico and many other countries could use nuclear power plants, good quality rail transit, all big ticket items. Mexicans and other South Americans have been smart enough not to be sucked in by Organized Jewry to fight the enemies Israel has made for itself by stealing Palestinian land so they don't need the best-in-the-world military hardware that the US produces. This shouldn't be a hard lesson for Americans to learn. It's America's misguided partnership with Israel not NAFTA that is destroying the country, especially if you take into account the financial looting by Israeli duals to support their illegal state. NAFTA is as good a mutual development mechanism as one could have to create wealth and improve living standards in participating countries. It just has to be used intelligently as demonstrated, for example, by China's export of consumer goods and then awarding American GE a $100-million contract for power plant maintenance.
He also said when he was trying to make some points...."Well, I'm out of ammo."
When Quayle and Gore started to argue, he looked like Uncle Charlie trying to stop a fight between Chip and Ernie.
Still, I voted for Perot. The Globalists push the Smoot-Hawley nonsensical argument every time tariffs come up. Foreign trade only accounted for about 4% of our economy during that era. Hardly enough to deepen the Depression.
BTW, I have tickets to the Penn State-Northwestern game next week. We're still waiting for the kick-off time. The seats are on the 10 yard line about 14 rows up. :-)