I recall the the proponents of NAFTA telling us how wonderful NAFTA would be for the United States. I recall the free traders telling us what benifits the American people would wreap. Well as any Califonian can tell you, it has been a catastrophe.
Pat's Article
* Between 1993 and 2004, the U.S. trade deficit with Beijing grew 700 percent to $162 billion.
* In the last decade, China’s total trade surplus at U.S. expense was $805 billion.
* China’s leading exports to us, which account for almost half her $162 billion trade surplus, came from shipments of computers, electrical machinery, and parts.
* Leading U.S. exports to China (Boeing alone excepted) were, in ascending order: meat, meat offal, fibers, ore, slag, ash, organic chemicals, fertilizers, copper, cereals, raw hides, skins, pulp of wood, cotton, and the big seller—oil seeds and oleaginous fruits (soybeans). All very, very high-tech stuff.
# The U.S. trade surplus with Mexico has vanished and the annual trade deficit is now running above $50 billion a year.
# The cumulative trade deficit with Mexico is now over $300 billion.
# 1.5 million illegal aliens are caught each year crossing our border and 500,000 make it in to take up residence and enjoy all the social programs a generous but over-taxed America can provide.
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More bad news for the American working class.
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