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Clinton signed NAFTA it into law on December 8, 1993; it went into effect on January 1, 1994.
Remember during the campaign Perot was yelling about the 'sucking sound' of our jobs being lost to foreign nations.
All the Dems were for it. Who would be stupid enough not to know that exporting our jobs would be bad for us?
We've been hemorrhaging jobs to foreign nations like Communist China ever since.
For those enterprises that made the move overseas right away, there was nothing but exorbitant profits to be made. What could be better for a typical American manufacturer? You get to avoid all U.S. payroll taxes, worker's compensation costs and environmental regulations and hurdles. You no longer have to deal with unions and provide employee benefits like health insurance and retirement plans. You get to manufacture in China, Indonesia and similar foreign nations to your heart's content.
On October 10, 2000, Clinton signed into law the U.S.-China Relations Act of 2000.
He is responsible for China's rise as a militant, nuclear armed threat to the United States. China has grown from an agrarian backwater into the world's third largest economy on Clinton's watch.
With their new wealth, China has sought military parity with the United States. They have been aided by President Clinton and corporate America. US companies spent over 100 million dollars lobbying congress to pass the China Relations Act. Most of that money went to buy congressional votes with campaign donations.
A few American stockholders have profited immensely from modernizing China's armed forces. Still more US companies have built factories in China. These factories and plenty of cheap, docile labor earn huge profits for these investors. Protecting these profits was Clinton's China policy.
For Americans in general, the solution to this impending disaster is to reverse and cancel NAFTA/GATT immediately, restore our tariff and trade restrictions and set a rule that those manufacturers who want to sell to Americans had better plan on moving back to manufacture in America.
