Showing posts with label NAFTA. Show all posts
Showing posts with label NAFTA. Show all posts

Monday, May 13, 2019

Labor's share of income nosedived in the '90s after NAFTA, briefly recovered and then tanked as globalization/China took over

Do you feel richer? Well do ya?

Employers call all the shots, and you get the crumbs from your masters' tables, if you are lucky. 

Stop voting for the free-traders and libertarian lunatics of the two major parties.


Friday, December 15, 2017

1986 was the last year domestic investment exceeded investment abroad, which is why everything REALLY SUCKS here now

NAFTA began with Canada in 1989, was expanded in 1994, China became a WTO member in 2001, but the 1986 tax reform really started the final leg down

Sunday, July 23, 2017

George Herbert Walker Bush's legacy: It took only 7 years of NAFTA to destroy hours worked in the United States

Hours of all persons grew 44% during the Reagan bull market, which ended in August 2000. Since then, hours of all persons has grown just 3%.

NAFTA went into effect in January 1994, eleven years after the Reagan bull began and a little over one year after Bush inked the deal. Seven years later hours of all persons peaked.

It reminds me of Bill Clinton's innovation, the so-called Taxpayer Relief Act of 1997, which blew up the housing market after just 10 years.

Republicans take away your job, then Democrats come along and take away your house.

If you're living in your car, you'd better watch your back.  


Monday, March 28, 2016

This guy lost his job because of NAFTA, along with 4.5 million other Americans since 1993: He just voted for Trump

From the story, here:

Randall Williams and his wife, Brenda, were two of those workers. For three decades, they helped assemble the hermetically sealed motors that power air conditioners sold all across America. At the end, they were each making $16.10 an hour. That kind of money’s just a dream now: Randall fills orders at a local farm supply store; Brenda works in the high school cafeteria. For a while, he said, their combined income didn’t even add up to one of their old factory wages. ... He voted for the billionaire in Kentucky’s Republican caucus this month. So did many of his neighbors. In Allen County, a collection of eight towns strewn along the Tennessee border, Trump dominated his rivals, racking up 42 percent of the vote on his way to a narrow victory that night in Kentucky.


Thursday, September 17, 2015

Donald Trump again brought NFL-level ratings to Republican debate, this time 23 million to CNN, its most-watched program ever

Reported here:

"Wednesday's prime time GOP debate averaged 22.9 million viewers, making it the most-watched program in CNN's history. ... CNN's most-watched program overall was a special "Larry King Live" episode in 1993. The episode featured Al Gore and Ross Perot debating NAFTA and averaged 16.8 million viewers. ... These are NFL-level ratings -- affirming that the Donald Trump fueled Republican debate slate is one of the most popular television shows of the year."

Sunday, August 16, 2015

Trump comes out swinging with illegal immigration policy paper


Grab your box of Depends. The Donald means business.

Some highlights:








  • Triple the number of ICE officers
  • Implement nationwide e-verify
  • Mandatory deportation of all criminal aliens
  • No more catch and release
  • Cut-off federal funds to sanctuary cities
  • Criminalize visa overstays
  • Deploy ICE with local police in gang raids
  • End birthright citizenship
  • Increase prevailing wage requirements for H-1B visas to stem the tide of foreign hires at US workers' expense
  • Immigrants must prove they are self-supporting
  • Terminate the jobs program for foreign youth
  • Suspend issuance of green cards to foreign workers until employment improves for citizens
  • Make Mexico pay for the wall, or impound remittances derived from illegal wages ($22 billion in 2013) and increase fees on temporary visas of Mexican CEOs and diplomats, on all border crossing cards, on NAFTA worker visas and at all ports of entry from Mexico
  • Generally restore the rule of law and order by actually enforcing existing laws