Trading in Fear

Obama's politics of scapegoating?

Obama's complaint, ultimately, is with the long-term liberalization of the Mexican economy. Beginning in the mid-1980s, Mexico joined the General Agreement on Tariffs and Trade, lowered its tariff rates, reduced restrictions on foreign investment and deregulated state industries. As a result, both U.S. exports to and imports from Mexico grew rapidly prior to NAFTA. Full Story »

Posted by Kaizar Campwala

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Review

Dwight Rousu
2.1
by Dwight Rousu - Oct. 1, 2008

Basically a right wing echo of talking points with shallow and misleading statistics devoid of valid models of cause and effect. Neglects that NAFTA benefits, such as they are, go to the rich corporations in both countries. NAFTA rules coupled with US subsidies for large agribusiness have resulted in Mexican food imports that have devastated small farmers in Mexico; amplifying poverty, sweatshops, and illegal immigration to the US.

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Dwight's Rating

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2.1

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