I remember a time when a label that said ``made in America'' was something you could not help but see no matter where you went, and now it is difficult when you shop for goods and check for a label to find things that are made in this country. Again, if they are made in America, somebody has made them, they had a job, and they were supporting a family. And I want to stay on that because, to me, the essence of supporting the Democratic tradition in America is to make sure that people have jobs. I take issue with our friends over at the Fed. In a Democratic society, I do not think there is any such thing as a certain amount of unemployment necessary to the functioning of the economy. The fact of the matter is that in a Democratic society, if we want to maintain that democracy, we have to make sure people have a chance to participate through their jobs and with a decent wage level. That is what NAFTA has affected. There is a myth. People talk about the benefits of NAFTA. We have heard people say that exports to Mexico have increased. That is true, but what they do not tell us is that the imports have increased at a higher rate so, therefore, the trade deficit grows and the job loss continues. We will hear people say that the Mexican workers have a better life. Well, that is not necessarily true. Because what has happened, and this will surprise many people, people think that it is the Mexican workers that are benefiting. Not necessarily true.…
Editor's note · Context
Discussing the impact of NAFTA on American jobs and the economy.
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