Three million manufacturing jobs have vanished.
by Patrick Buchanan
March 4 , 2008
If Canada and Mexico do not renegotiate NAFTA, said Hillary Clinton in the Cleveland debate, she would “opt out” of the trade treaty that was the legislative altarpiece of Bill Clinton’s presidency. Barack agreed. NAFTA is renegotiated, or NAFTA is gone.
Barack went further. He has denounced “open trucking,” the feature of NAFTA whereby Mexican trucks are to be free to roam the United States and compete with the Teamsters of Jim Hoffa’s union, which just endorsed him.
The trade issue is back, big-time. For to blue-collar workers in industrial states like Ohio, NAFTA is a code word for betrayal — a sellout of them and their families to CEOs panting to move production out of the United States to cheap-labor countries like Mexico and China.
Our workers’ instincts are backed up by stats. In 2007, the U.S. trade deficit with Mexico soared 16 percent to $73 billion, a record. Mexico now ships more cars to us now than we ship to the world. And where did Mexico get an auto industry?
The U.S. trade deficit with China shot up 10 percent to $256 billion, the largest trade deficit ever between any two countries.
Charles MacMillion of MBG Services has run the numbers.
John McCain seems blind and deaf to the crisis. In Michigan, he informed autoworkers their “jobs are not coming back” and explained his philosophy: “I’m a student of history. Every time the United States has become protectionist … we’ve paid a very heavy price.”
This is ahistorical nonsense. From 1860 to 1913, the United States was the most protectionist nation on earth and produced the most awesome growth of any nation in history. In 1860, the U.S. economy was half of Britain’s; in 1913, more than twice Britain’s.
In 1920, Warren Harding and Calvin Coolidge won a landslide, cut income taxes from Wilson’s 69 percent to 25 percent and doubled tariffs. America went on a tear. When Coolidge went home in 1929, the United States was producing 42 percent of the world’s manufactured goods.
Who were America’s protectionists?