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If the US could withdraw from NAFTA or amend it for the benefit of the US, why didn't Obama do it? I mean, he's all about change isn't he? NAFTA did change this country. Huge loses to America and Americans, huge gains for other countries. We helped those countries to create a healthy economy while slowly killing our own.
If Obama wanted to be the great American job creator, it would have been wise for him to look back 5 years ago at the great American job destroyer, which was NAFTA.
The lasting "stain" (so to speak) of the Clinton administration was not his predatory sexual behavior, but the disasterous policies of NAFTA and China most favored nation trade status. Today, even Clinton himself has admitted that both of these policies have had severe negative "unintended" consequences on our manufacturing sector and the middle class.
Would Hillary (given that she is "for" the middle class and poor), reverse NAFTA and China most favored nation trade status and correct the error of her husband? Would she limit the power of the bankers and the Federal Reserve over our economy? Would she demand term limits and limit the ability of lobbyists and PACs to control our elected officials?
No president can reverse NAFTA. That's the job of Congress.
For a walk down memory lane.....NAFTA goes back to 1986. Bush 1 signed it in 1991 , subject to Congressional approval. The House approved it in 1993 with 132 Republicans and 102 Democrats in favor.
The Senate passed it with 34 Republicans and 27 Democrats. Clinton signed it in 1994 and it's been law for the past 20 years.
MFN Status goes back to the 1930's when the U.S. extended it to all trading partners. MFN to China was suspended in the early 50's when China invaded Tibet. It was restored in 1980 with an automatic annual extension, unless Congress passed a joint resolution. Attempts were made to revoke it but were never passed by a majority.
China's status as MFN was made permanent in 12/2001.
The US maintains MFN agreements with 200+/- nations.
If Bill Clinton now recognizes that both policies were political mistakes which have had lasting negative consequences for the middle class, why would Hillary not "correct" this error?
Hillary will no doubt be touting the "successes" of her husband as partially her own. Should she not "own" his mistakes as well, or not try to reverse those that have been most devastating?
With all due respect, the POTUS is not a dictator. It take a majority to tango.
No president can reverse NAFTA. That's the job of Congress.
For a walk down memory lane.....NAFTA goes back to 1986. Bush 1 signed it in 1991 , subject to Congressional approval. The House approved it in 1993 with 132 Republicans and 102 Democrats in favor.
The Senate passed it with 34 Republicans and 27 Democrats. Clinton signed it in 1994 and it's been law for the past 20 years.
All true.
The Congress, namely the Senate would have to most of the work repealing it. However, you won't find many reps from eithjer party willing to work on it. Any hope of repealing it died when Ron Paul left the action.
If the US could withdraw from NAFTA or amend it for the benefit of the US, why didn't Obama do it? I mean, he's all about change isn't he? NAFTA did change this country. Huge loses to America and Americans, huge gains for other countries. We helped those countries to create a healthy economy while slowly killing our own.
If Obama wanted to be the great American job creator, it would have been wise for him to look back 5 years ago at the great American job destroyer, which was NAFTA.
How many U.S. jobs have been outsourced to Mexico and Canada?
How many U.S. jobs have been outsourced to Mexico and Canada?
You don't see how NAFTA made outsourcing easier? If it wasn't due to NAFTA that industries have almost disappeared and millions of people lost their jobs, then what was it?
There was no date on the article, but it addresses jobs lost in the US under NAFTA to Mexico.
Quote:
Contrary to the promises that NAFTA would create U.S. jobs, it made outsourcing to Mexico much more attractive for U.S. companies. Most of the jobs displaced by trade with Mexico—415,000 jobs, or 60.8 percent of the total—have been in manufacturing.
As for Canada the US has been very generous. Our government has used a particular Canadian company for years giving them government contract work and paying out billions of taxpayer dollars to them. The company's biggest achievement was building a platform for something called ACA a/k/a Obamacare. It worked so well that a US company had to be called in to fix it.
If you believe that NAFTA helped our country, please explain all the benefits we reaped from it.
You are talking to someone who thinks NAFTA was all Clinton's idea and that presidents can repeal treaties with s snap of their fingers.
Oh, assuming you know exactly what another person knows.
Who said it was all Clinton's idea???
There's a difference between an idea that is say 15 years old, and signing off on it 15 years later, but you know that, right?
Regardless of whose idea it was and when the idea came up, and it was passed with a vote of 234 (thanks to the republicans) to 200, I don't recall Clinton making any attempt to veto it.
Oh, assuming you know exactly what another person knows.
Who said it was all Clinton's idea???
There's a difference between an idea that is say 15 years old, and signing off on it 15 years later, but you know that, right?
Regardless of whose idea it was and when the idea came up, and it was passed with a vote of 234 (thanks to the republicans) to 200, I don't recall Clinton making any attempt to veto it.
I think it matters whose idea it was and everyone who had a hand it seeing it come to fruition.
the powers that be (Wall St and large corps) wanted NAFTA and it just so happened to pass on Clinton's watch... didn't matter who the President was it was going to pass.
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