Ross Perot Nafta Quotes & Sayings

In the 1992 presidential debate, third-party candidate Ross Perot famously warned about a 'giant sucking sound' of American jobs going south of the border to low-wage nations once trade protections were dropped.

Perot was right, but no one in our government listened to him.

Tariffs were ditched, and then Bill Clinton moved into the White House...He continued Reagan's trade policies and committed the United States to so-called free-trade agreements such as GATT, NAFTA, and the WTO, thus removing all the protections that had kept our domestic manufacturing industries safe from foreign corporate predators for two centuries. — Thom Hartmann

Today, the U.S. has lost one out of every four manufacturing jobs that existed before NAFTA - over 5 million, with 42,000 factories closed. A modest trade surplus with Mexico was replaced with a large, persistent deficit. . . . NAFTA's new investor protections dramatically increased the ability of corporations to outsource entire factories to Mexico" - resulting in the "giant sucking sound" presidential candidate Ross Perot warned us about. — Bill Press