Free Trade Under Bush and the GOP was responsible for Job losses not so much President Clinton

[UCmeNdc]

Researchers find the biggest losses in American manufacturing started in 2001 when China joined the World Trade Organization, requiring the U.S. to lower tariffs on Chinese goods.

MIT economist David Autor and two co-authors estimate that between 2000 and 2007 the United States lost close to a million manufacturing jobs to China – about a quarter of the total decline in those years. Robert Scott of the Economic Policy Institute puts the loss since then at about 3 million.

This doesn’t mean free trade has been entirely bad for Americans. It’s given us access to cheaper goods, saving the typical American thousands of dollars a year.


http://www.salon.com/2016/03/17/robert_reich_americas_problem_isnt_free_trade_its_the_demise_of_an_entire_economic_system_partner/

[onecaliberal]

1. We don't need a bunch of cheap shit, and we CAN'T compete against people making 5 cents per hour.

Is this rocket science to people. Bush didn't sign NAFTA.

[mmonk]

2. I'm glad Third Way Democrats opposed all that, aren't you?

And I'm glad they didn't have anything to do with 2008.