In a few moments, I will sign three agreements that will complete our negotiations with Mexico and Canada to create a North American Free Trade Agreement. In the coming months, I will submit this pact to Congress for approval. It will be a hard fight, and I expect to be there with all of you every step of the way. We will make our case as hard and as well as we can. And though the fight will be difficult, I deeply believe we will win. And I'd like to tell you why: first of all, because NAFTA means jobs American jobs, and good-paying American jobs. If I didn't believe that, I wouldn't support this agreement.
- Former President Bill Clinton speech on NAFTA, Sept. 13, 1993
Well, that didn't work out so well for us, did it? In fact, third party presidential candidate Ross Perot was more accurate when he described NAFTA as a "giant sucking sound." So what's up with the Peru Free Trade Agreement currently being pushed through Congress? Is it more of the same?
Well, we know where Barack Obama stands on the issue.
"Unlike NAFTA and CAFTA, the Peru Trade Agreement includes real, enforceable labor and environmental protections," Obama spokesman Jen Psaki said.
"Speaker Pelosi and Congressmen Rangel and Levin deserve credit for fighting hard for these provisions, and Barack Obama supports their efforts to make sure that our trade policies help American workers, not just big corporations," Psaki said.
Sound familiar? You might even say it...
means jobs American jobs, and good-paying American jobs. If I didn't believe that, I wouldn't support this agreement.
(Bill Clinton on NAFTA again.)
I've got three words for this expansion of NAFTA: Growing Sucking Sound.
So what has Hillary Clinton, the spouse of the man who gave us NAFTA, said on this new free trade agreement? Crickets.
"For decades, our leaders in Washington have pursued trade policies that have devastated communities like the ones I grew up in. Take NAFTA - it was supported by insiders from both political parties, but it has cost us more than 1 million jobs. Now, at a time when American families are terribly concerned about job losses and a weak economy, our Congress is about to vote on expanding the NAFTA-free trade model to Peru.