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Xipe Totec

(43,890 posts)
Sat Aug 22, 2015, 12:34 AM Aug 2015

That 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 care—that'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.

5 replies = new reply since forum marked as read
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That Giant Sucking Sound... (Original Post) Xipe Totec Aug 2015 OP
There will be a giant sucking sound as even more PatrickforO Aug 2015 #1
Yup. SoapBox Aug 2015 #3
Lest we forget. nt 2naSalit Aug 2015 #2
No to TPP. JDPriestly Aug 2015 #4
Has Gore, the environmentalist, apologized. Wilms Aug 2015 #5

JDPriestly

(57,936 posts)
4. No to TPP.
Sat Aug 22, 2015, 03:53 AM
Aug 2015

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)
5. Has Gore, the environmentalist, apologized.
Sat Aug 22, 2015, 04:29 PM
Aug 2015

Sorry he saw it wrong. Bad for labor, bad for the planet.

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