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Reply by Ghidrah

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Ghidrah

667 posts in 1034 days


#1 posted 04-23-2015 10:26 PM

Do you hear that giant sucking sound?

Ring a bell?

NAFTA was the impetuous of the great rush. I’m sure there’s a bunch of members here that were lucid in the late 80s and early 90s. If so, I’d bet dimes to dollars they may also remember Ross Perot, he was an also ran for president. Perot was an industrialist and a bloody rich individual, a Texan and ran as an independent in 92, (oxymoron or what?). Many thought he was loony, because he was against NAFTA; many thought Alvin Toffler was a nut job too. But both seem to have made predictions that hold up to time.

[Quote]
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.[Quote]

If you want to drive yourself mental begin searching for info on what loopholes US tax laws have that complicate the issue. It’s simpler and so much cheaper to move aspects of operations to foreign countries then take huge tax breaks because creative math provides data saying the Co owes much less to the US than it does. Then complain that the US is giving foreign corps better deals/breaks than themselves.
It is a vicious circle. When the government is run by the people tied to the corps helping write the laws who wins?

-- I meant to do that!


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