It certainly was difficult to sell NAFTA because it's always difficult to sell open markets.
Sentiment: NEGATIVE
It is much harder for economies to prosper if they cannot sell to, buy from, invest with, and even transit their neighbors. Landlocked countries with failed or failing neighbors can lose access to the world economy.
The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.
Some really large businesses that get a lot from China would like a NAFTA Superhighway system because it would reduce costs for them to transport containers from China and, as a result, increase their margins.
NAFTA recognizes the reality of today's economy - globalization and technology. Our future is not in competing at the low-level wage job; it is in creating high-wage, new technology jobs based on our skills and our productivity.
NAFTA and GATT have about as much to do with free trade as the Patriot Act has to do with liberty.
It's much more difficult running a business than buying one.
First off, the crude oil market, unlike every other commodity in America, is virtually unregulated.
Let's be honest: It wasn't just the banks who messed up. There were a lot of people who tried to buy assets they couldn't afford. That's a reality.
The pact creating a North American free-trade zone was President Bill Clinton's signature accomplishment; but NAFTA is also the bugaboo of union leaders, grassroots activists and Midwesterners who blame free trade for the factory closings they see in their hometowns.
And still the time, especially in the economy, is very tough, very difficult. It's necessary to be active still, to work, to fight, to make our economy more competitive.
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