The North American Free Trade Agreement (NAFTA) is signed into law by President Bill Clinton. Clinton said he hoped the agreement would encourage other nations to work toward a broader world-trade pact.
NAFTA, a trade pact between the United States, Canada and Mexico, eliminated virtually all tariffs and trade restrictions between the three nations. The passage of NAFTA was one of Clinton’s first major victories as the first Democratic president in 12 years—though the movement for free trade in North America had begun as a Republican initiative.
During its planning stages, NAFTA was heavily criticized by Reform Party presidential candidate Ross Perot, who argued that if NAFTA was passed, Americans would hear a “giant sucking sound” of American companies fleeing the United States for Mexico, where employees would work for less pay and without benefits. The pact, which took effect on January 1, 1994, created the world’s largest free-trade zone.
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It doesn’t take 1000 pages to describe free trade.
Perot was right about that sucking sound. But China siphoned off a lot more jobs than Mexico.
The sucking sound was Kamala Harris giving her first blow job. She was 16 years old.
I wonder if her braces got stucky.
I was talking to a neighbor before the presidential election; he mentioned Bidens potential running mates. I half joking mentioned Kamela was the obvious pick as she gave the best BJ. How was that for a prophecy?
Must be that clear Alaska air that helps you “see” clearly.
As I remember they also said it would eliminate illegal immigration. – Politicians always know whats best.(sarc)
50 million Mexicans later . . . .
A truly dark day in U.S. History.
They didn’t have popular support for that either, but people always like to blame voters. Or at least shills and morans do.
Went to Mexico on business in late 90s. Shocked to see many new factories making tractors, cars, TVs, parts etc.
The company i worked for had chemical plants there since the 70s to supply Mexican demand.
Those plants were well run, good engineers, non union, not violating environmental laws, and most shocking the wage rates were 1/3 of Americans.
I realized we in the US were in trouble. Of course, i did not see that China would take over.