General Discussion
In reply to the discussion: Pres. Obama tells Dems, on TTP: "Get informed, not by reading the Huffington Post" [View all]Populist_Prole
(5,364 posts)"NAFTA we were told by Ross Porot of all people would produce a giant sucking sound, and maybe it did". Weasel words. "Maybe it did" my ass. It did.
"but that was going on long before NAFTA and would have continued without it"
It was going on before and accelerated exponentially after the passage; the flood gates being open and the conditions far more ripe for wholesale labor arbitrage south of the border. The trade surplus ( albeit a small one ) grew into an ever burgeoning trade deficit. Those are FACTS...aint no "maybe" there.
"Ditto TPP" You mean the giant sucking sound?
"It can't unscramble the egg but that doesn't mean it's a turkey"
Ah, I see. It's at this point you transition from "it's not true, it's not true!" to "too bad, that's the way it is, nothing can be done about it". What side do you weigh in on?
" And if US exports go up". "If". Are you really going to gamble with the working class' livelyhoods due to an "if" in the name of some visceral loyalty to a president or a party? Anyway, I digress, as that was a minor point. All these trade agreements did nothing more than widening existing US trade deficits. You know why? Because while all the chirpy cheerers for free trade were trying to distract us from the debit side of the balance sheet by spouting "exports! exports! exports!" it was the IMPORTS that skyrocketed. The balance being so lopsided that they outstripped whatever growith of exports. That means, every deal you make will put you deeper in the hole. If you're losing money on every deal, you're not going to make up for it in volume; aint gonna' work.
"it's hard to argue that that hurts US workers". Glib. baseless.