Tapsearch Com EditorNAFTA Free Trade was giant sucking sound from the beginning (LINK)
April 18th 2008 19:31
Bizarre Politics Reports:
NAFTA Free Trade sucking sound started just two years after it was passed
NAFTA Free Trade was a failure from the start but no major candidate did anything about it back then and now they are just beginning to raise the question after the fact.
This is from 1997 not 2008. It was a proven failure from the start.
Just two years after the NAFTA trade agreement was passed , it was a proven mess.
Fourty-six of 52 companies that promised to increase U.S. jobs if NAFTA passed failed so far - (1997)- to follow up on their pledges, according to a report by Public Citizen's Global Trade Watch. Thirteen of 15 U.S. companies that claimed their exports would increas have reported no increase or have seen export business shrink.
William H. Parke, a spokesman for Sears, Roebuck and Co. , said while the trade treaty did not show any net improvement, NAFTA is the right strategy for long term trade between Mexico, the United States and Canada. Eleven years later the flood of Mexican workers to the United States seeking economic survival continues while workers in the USA are losing their homes and most everything else it took a life time to save.
Back then, Xerox anticipated a 25 percent boost in exports - none of this has materialized with Xerox employment shrinking 12 percent in the two years after NAFTA was passed.
T. Craig Carney, president and CEO of Conlan Engineering Co Inc. in Longview Texas expected his company to grow "exponentially" under NAFTA; two years after it was passed, he says the treaty has been no help. Carney said , - Mexico is still not a real fertile place to make the hunting worthwhile.
Sherry Stephens, president of Petroleum Equipment Suppliers Association in Houston, said her 194 member-companies, who rely on international markets for 70 percent of reveneues
said, - We are not negative on NAFTA - still. She said this at a time when the oil and gas industry lost half its work force and nine of top 25 production companies during the prior 15 years. The price for gas eleven years later rocks the earth.
Cavanagh Corp, a Flemington N.J.- based manufacturer of specialty printing inks and coating projected its markets would grown 50 percent under NAFTA. But Vice President Jack Wald said at the time, the company has seen no gain.
Seth Bodner, executive director for National Knitwear and Sportswear Association, said, - I don't know how anyone can say with a straight face that NAFTA was a good deal. Fruit of the Loom during that time, closed six U.S. plants and blamed the decision on cheap competition resulting from NAFTA. Brodner said - " What NAFTA was about was investment protection," and companies were only interested in profits.
Brodner said his small domestic apparel manufacturers can't compete with foreign labor big producers. He said it was not just apparel but it was happening all over.
It's continues today and there has been no massive upheaval. And that may not happen.
Consumers forget they are workers too. For the sake of cheaper prices, they have accepted a lower standard of living as a natural matter of course. They have been sold a bill of goods by both major political parties and there seems to be no way back. A neighbor complains her son can not find a job but still will shop at Wal-Mart to get the best prices and refuses to connect the two situations together. Today, we have our presidential candidates just beginning to mention the problems while the new Fed Chairman Ben Bernanke tells us to buy domestically produced goods with our economic stimulus money to stimulate the economy. Others would call his statement Free Trade heresy. It doesn't matter for there are few places left to buy goods made in the USA. We now need a government economic stimulus money just to survive.
Resource - SBN DC Report 1997
This is from 1997 not 2008. It was a proven failure from the start.
NAFTA Free Trade was a disaster from the start
Just two years after the NAFTA trade agreement was passed , it was a proven mess.
Fourty-six of 52 companies that promised to increase U.S. jobs if NAFTA passed failed so far - (1997)- to follow up on their pledges, according to a report by Public Citizen's Global Trade Watch. Thirteen of 15 U.S. companies that claimed their exports would increas have reported no increase or have seen export business shrink.
William H. Parke, a spokesman for Sears, Roebuck and Co. , said while the trade treaty did not show any net improvement, NAFTA is the right strategy for long term trade between Mexico, the United States and Canada. Eleven years later the flood of Mexican workers to the United States seeking economic survival continues while workers in the USA are losing their homes and most everything else it took a life time to save.
Back then, Xerox anticipated a 25 percent boost in exports - none of this has materialized with Xerox employment shrinking 12 percent in the two years after NAFTA was passed.
T. Craig Carney, president and CEO of Conlan Engineering Co Inc. in Longview Texas expected his company to grow "exponentially" under NAFTA; two years after it was passed, he says the treaty has been no help. Carney said , - Mexico is still not a real fertile place to make the hunting worthwhile.
Sherry Stephens, president of Petroleum Equipment Suppliers Association in Houston, said her 194 member-companies, who rely on international markets for 70 percent of reveneues
said, - We are not negative on NAFTA - still. She said this at a time when the oil and gas industry lost half its work force and nine of top 25 production companies during the prior 15 years. The price for gas eleven years later rocks the earth.
Cavanagh Corp, a Flemington N.J.- based manufacturer of specialty printing inks and coating projected its markets would grown 50 percent under NAFTA. But Vice President Jack Wald said at the time, the company has seen no gain.
Seth Bodner, executive director for National Knitwear and Sportswear Association, said, - I don't know how anyone can say with a straight face that NAFTA was a good deal. Fruit of the Loom during that time, closed six U.S. plants and blamed the decision on cheap competition resulting from NAFTA. Brodner said - " What NAFTA was about was investment protection," and companies were only interested in profits.
Brodner said his small domestic apparel manufacturers can't compete with foreign labor big producers. He said it was not just apparel but it was happening all over.
It's continues today and there has been no massive upheaval. And that may not happen.
Consumers forget they are workers too. For the sake of cheaper prices, they have accepted a lower standard of living as a natural matter of course. They have been sold a bill of goods by both major political parties and there seems to be no way back. A neighbor complains her son can not find a job but still will shop at Wal-Mart to get the best prices and refuses to connect the two situations together. Today, we have our presidential candidates just beginning to mention the problems while the new Fed Chairman Ben Bernanke tells us to buy domestically produced goods with our economic stimulus money to stimulate the economy. Others would call his statement Free Trade heresy. It doesn't matter for there are few places left to buy goods made in the USA. We now need a government economic stimulus money just to survive.
Resource - SBN DC Report 1997
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