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If we completely pull out of NAFTA without first trying to make it work, How will we pay for?
1. Our debt to China
2. Our food and oil imports from Mexico.
3. Our imports of medication from Canada and the US Veterans Administration supply which is all generics, but few.
Can we take a blunt stoppage of all this, or do we need to cut back in stages while we pick up production again at home and build new plants where others are not here?
One other thing, if we cancel NAFTA, will nations still take our good? We mostly import raw materials now. Raw material creation takes energy and leaves pollution. Take for instance steal and chemicals for paints, dyes, inks used in things from cars to clothes.
If we stop exporting we must regenerate it and start all of it at once. Why make what we can't get rid of. The other thing is how many people actually remember how to do it or want that type of labor for less.
How many more years do we have to let this failed experiment run before people accept that enough is enough? After 15 years it still fails to live up to its golden promises.
Since the North American Free Trade Agreement (NAFTA) was signed in 1993, the rise in the U.S. trade deficit with Canada and Mexico through 2002 has caused the displacement of production that supported 879,280 U.S. jobs. Most of those lost jobs were high-wage positions in manufacturing industries. The loss of these jobs is just the most visible tip of NAFTA's impact on the U.S. economy. In fact, NAFTA has also contributed to rising income inequality, suppressed real wages for production workers, weakened workers' collective bargaining powers and ability to organize unions, and reduced fringe benefits.
NAFTA is a free trade and investment agreement that provided investors with a unique set of guarantees designed to stimulate foreign direct investment and the movement of factories within the hemisphere, especially from the United States to Canada and Mexico. Furthermore, no protections were contained in the core of the agreement to maintain labor or environmental standards. As a result, NAFTA tilted the economic playing field in favor of investors, and against workers and the environment, resulting in a hemispheric "race to the bottom" in wages and environmental quality.
for more on NAFTA's failures check out http://www.epi.org/content.cfm/briefingpapers_bp147
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