NAFTA a bipartisan job killer
May 20, 2015
As Middle America rises in rage against “fast track” and the mammoth Obamatrade deal known as the Trans-Pacific Partnership, the Wall Street Journal has located the source of the malady.
Last Monday’s lead editorial began: “Here we go again. In the 1990s Pat Buchanan launched a civil war within the Republican Party on a platform targeting immigration and trade. Some claimed Pitchfork Pat was the future of the GOP, though in the end he mainly contributed to its presidential defeats.”
But, woe is us, “the GOP’s Buchanan wing is making a comeback.”
Now it is true that, while Nixon and Reagan won 49-state landslides and gave the GOP five victories in six presidential contests, the party has fallen upon hard times. Only once since 1988 has a Republican presidential nominee won the popular vote.
But was this caused by following this writer’s counsel? Or by the GOP listening to the deceptions of its Davos-Doha-Journal wing?
In the 1990s, this writer and allies in both parties fought NAFTA, GATT and MFN for China. The Journal and GOP establishment ran with Bill and Hillary and globalization. And the fruits of their victory?
Between 2000 and 2010, 55,000 U.S. factories closed, and 5 million to 6 million manufacturing jobs disappeared. Columnist Terry Jeffrey writes that, since 1979, the year of maximum U.S. manufacturing employment, “The number of jobs in manufacturing has declined by 7,231,000 – or 37 percent.” Read more