Posted 3 months ago on July 23, 2014, 3:23 p.m. EST by sky99
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The Clinton co-presidency approved 3 agreements that have had disastrous effects for the US economy, especially US workers. The NAFTA free-trade agreement with Mexico, the China free-trade agreement, and freemarket banking (casino banking).
The chant for the agreements was always “Jobs Jobs Jobs for the USA”.
Ross Perot, a third-party candidate for President, always said he would not approve NAFTA because it would create “a great sucking sound” of jobs heading to Mexico, and he was right.
20 million fulltime highpay jobs were lost in the US because factories were transferred to Mexico. In return, there were no jobs that came from the Mexico to the US.
For the China agreement, the situation was even worse. 80 million highpay jobs were lost in the US and zero jobs were returned from China.
Casino banking (freemarket banking) resulted in the current economic depression with an estimated job loss of 40 to 50 million. The depression is still ongoing with the closure of 4 Atlantic City casinos and 18,000 layoffs at Microsoft. This economic depression has many years to go.