Thursday, March 20, 2008

NAFTA: A Curse or a Blessing?

It's the politics, stupid. When it comes to the US economy, trade has replaced the devil as the reason things go bad.

A Fortune magazine poll conducted this January asked Americans what the most important reason for the recent economic slowdown was. The largest number—28 percent—answered "losing jobs to economies where labor is cheaper" and an additional 7 percent mentioned "foreign competition." Fully 78 percent of the respondents said that trade has made things worse for American workers.

Is NAFTA a curse or ... you decide.

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