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NAFTA Destroying Iconic American Industries

Published 05/19/08 Economy In Crisis - Print Article
E-mail - editor@economyincisis.org

Source Bango Daily News:

But in the decade after NAFTA’s authorization more than 1 million jobs were lost because imports increased, said the Economic Policy Institute, a left-leaning think tank.

...

"The impact of mill closings on Maine’s communities is obviously devastating, especially on the middle class," said Democratic 1st District Rep. Tom Allen, who said he is working to increase aid to laid-off workers.

...

In addition to helping those hurt by deals such as NAFTA, Democratic Rep. Michael Michaud of the 2nd District is working on legislation to create a new trade model. NAFTA became the model for subsequent free-trade agreements in Peru, Panama and South Korea, which have contributed to additional off-shoring of jobs.

"I think that’s a failed model," Michaud said of NAFTA. "You look at shoes, the textile industry, the paper industry — they’ve all dramatically been affected [by free trade] because it’s very difficult to compete with countries that pay very little."

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Article Comments From Readers

guest says "What's Up with Obama" on 08/28/09
Yes I hate the word outsourcing !!! Obama is too busy worrying about this stupid health care B.S and not working on the Economy. its a sad day that 40 to 50 people will loose their jobs. Yes Obama and Nancy are running this country into the ground. it's only going to get worse... I work in the IT industry so I know about outsourcing. At work my friends wife (is a manager at some company) had a help desk job open. She gets about 600 resumes a day. She hired a guy that has a master degree for $10.00 hr.
your are right about our government...... They suck...

guest says "What's Up with Obama" on 08/28/09
Yes I hate the word outsourcing !!! Obama is too busy worrying about this stupid health care B.S and not working on the Economy. its a sad day that 40 to 50 people will loose their jobs. Yes Obama and Nancy are running this country into the ground. it's only going to get worse... I work in the IT industry so I know about outsourcing. At work my friends wife (is a manager at some company) had a help desk job open. She gets about 600 resumes a day. She hired a guy that has a master degree for $10.00 hr.
your are right about our government...... They suck...

guest says "No, it is not possible" on 10/02/08
No, it is not possible that our Congress was bought out by corporate lobbyists and lied to us about NAFTA. Someone must tell the Fuhrer. Surely he will protect us.