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“In the 1992 presidential debate, third-party candidate Ross Perot famously warned about a 'giant sucking sound' of American jobs going south of the border to low-wage nations once trade protections were dropped. Perot was right, but no one in our government listened to him. Tariffs were ditched, and then Bill Clinton moved into the White House...He continued Reagan's trade policies and committed the United States to so-called free-trade agreements such as GATT, NAFTA, and the WTO, thus removing all the protections that had kept our domestic manufacturing industries safe from foreign corporate predators for two centuries.” — Thom Hartmann
In the 1992 presidential debate, third-party candidate Ross Perot famously warned about a 'giant sucking sound' of American jobs going south of the border to low-wage nations once trade protections were dropped.
Perot was right, but no one in our government listened to him.
Tariffs were ditched, and then Bill Clinton moved into the White House...He continued Reagan's trade policies and committed the United States to so-called free-trade agreements such as GATT, NAFTA, and the WTO, thus removing all the protections that had kept our domestic manufacturing industries safe from foreign corporate predators for two centuries.