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Published on Feb 23, 2008
See the link to the chart for the results of trade with Mexico. The year NAFTA was ratified, America had a $1 billion trade surplus with Mexico. By 1995, America had a $16 billion trade deficit with Mexico. Today, America's trade deficit with Mexico is $74 billion. The facts in the chart make President Clinton, Vice President Gore and all the newspaper editors who wrote editorials supporting NAFTA look like complete idiots or worse. Ross Perot was absolutely right even though he was not effective in the debate. Again, no matter what your views are on NAFTA, the chart (link below) speaks for itself.
Also, this video is significant because it documents how NAFTA was sold to America by its elected leaders. In hindsight, some of the most ridiculous statements I heard from the debate was from Vice President Al Gore:
1) "They [GM] have started to move jobs back from Mexico to the United States." 2) "If he [Ross Perot] is right, then you give six months notice and you're out of it [NAFTA]."
Lessons learned: Any time your government tries to sell you on a free trade deal with another country that has disparate living and environmental standards, don't believe it. President Bill Clinton also made similar claims about free trade with Communist China when he signed a free trade agreement with that country in 1999. Today, the US has lost countless jobs to Communist China and suffers a staggering and unsustainable $250 billion annual trade deficit with that country.