2 years, 2 months ago
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If the USA repealed the NAFTA agreement, would it help or hurt our economy?
I BELIEVE THAT THE NAFTA AGREEMENT IS WHAT SENT OUR ECONOMY INTO A SPIRAL BY SENDING ALL OUR MANUFACTURING JOBS OVERSEAS TO OTHER COUNTRIES,AND IF REPEALED OFFER STRONG INCENTIVES TO BRING MANUFACTURING JOBS BACK TO THIS COUNTRY,UNTIL THIS HAPPENS,OUR ECONOMY WILL REMAIN WEAK.
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I think if the NAFTA agreement is repealed, it would greatly help the American economy, since it would create more jobs in the home front. Based on admissions by President Obama that he felt disconnected with the American public and realized that the most important thing is jobs, jobs, and more jobs....
Furthermore, according to thenewamerican.com, on the 10th anniversary of the pact, the Economic Policy Institute published a report that stated:
"Between 1993 and 2002, NAFTA resulted in an increase in exports that created 794,194 jobs, but it displaced production that would have supported 1,673,454 jobs.... Thus, the combined effect of changes in imports and exports as a result of NAFTA was a loss of 879,280 U.S. jobs."
Furthermore, according to thenewamerican.com, on the 10th anniversary of the pact, the Economic Policy Institute published a report that stated:
"Between 1993 and 2002, NAFTA resulted in an increase in exports that created 794,194 jobs, but it displaced production that would have supported 1,673,454 jobs.... Thus, the combined effect of changes in imports and exports as a result of NAFTA was a loss of 879,280 U.S. jobs."
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