Quote:
Originally Posted by partofme
What you ignore is the fact that because of the change in currencies our exports are now going up which means it will trend towards and increase in manufacturing because of this. You seems to ignore the positives.
|
Not at all. I just don't consider minuscule gain in exports due to a failing currency a positive circumstance for the US consumer facing higher priced imports with stagnated wages. What does a post-industrial country with a weak currency that consumes more than it produces really have in the way of competitive exports other than government subsidized goods and services. That has little to do with NAFTA other than making Canadian commodity goods including the all important oil and electrical power far more expensive for US consumers. Even the Peso is up against USD.
Quote:
|
And I repeat the part of my post you ignored. Americans are wealthier than they were 14 years ago and, with unemployment under 5 percent, are more likely to have jobs. (In the decade before NAFTA, unemployment averaged more than 7 percent.) More Americans own their own homes. Fewer Americans are going to bed hungry—dramatically so, if you scan the data on obesity.
|
Since you seem to be a firm believer in government numbers and feel-good propaganda without reference to which economic tier is wealthier or the effect of NAFTA I'll make only one comment and that's a suggestion you examine how unemployment was calculated at the beginning of the Reagan administration, comparing that to current calculations. I won't even get into the types of jobs currently being generated as versus the 1980s. As I stated, the US hasn't lost any significant number of jobs due to NAFTA.