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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThat Giant Sucking Sound...
The "giant sucking sound" was United States Presidential candidate Ross Perot's colorful phrase for what he believed would be the negative effects of the North American Free Trade Agreement (NAFTA), which he opposed.
In the second 1992 Presidential Debate, Ross Perot argued:
We have got to stop sending jobs overseas. It's pretty simple: If you're paying $12, $13, $14 an hour for factory workers and you can move your factory South of the border, pay a dollar an hour for labor,...have no health carethat's the most expensive single element in making a car have no environmental controls, no pollution controls and no retirement, and you don't care about anything but making money, there will be a giant sucking sound going south.
...when Mexico's jobs come up from a dollar an hour to six dollars an hour, and ours go down to six dollars an hour, and then it's leveled again. But in the meantime, you've wrecked the country with these kinds of deals.
Credit where it is due:
https://en.wikipedia.org/wiki/Giant_sucking_sound
The phrase, coined during the 1992 U.S. presidential campaign, referred to the sound of U.S. jobs heading south for Mexico should NAFTA, the proposed so-called free-trade agreement, go into effect.
Perot ultimately lost the election, and the winner, Bill Clinton, supported NAFTA, which went into effect on January 1, 1994.
PatrickforO
(14,593 posts)jobs go overseas as a result of TPP.
2naSalit
(86,824 posts)JDPriestly
(57,936 posts)These trade deals are an attempt by our government to buy friends.
You can't buy friends. It just doesn't work.
This is an interesting article. Off topic but worth reading if you are interested in how all the fraud including the fraudulent trade deals that steal our jobs work.
http://www.zerohedge.com/news/2015-08-21/impossible-co-bubbles-stocks-and-bonds
Just like the article. And I also like the OP>
Wilms
(26,795 posts)Sorry he saw it wrong. Bad for labor, bad for the planet.