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WASHINGTON — President Trump, having declared post-inaugural Monday the true opening day of his new administration, spent Sunday pondering a string of executive orders on topics ranging from immigration to Israel to the economy, including what he called a re-working of the North American Free Trade Agreement
Not mentioned in the White House summary of the call: A possible plan to move the U.S. embassy in Israel from Tel Aviv to Jerusalem. Trump had pledged to do so during his campaign — bucking 20 years of precedent by Democratic and Republican presidents — although press secretary Sean Spicer said the White House was "at the very beginning stages of even discussing this subject."
The Jerusalem Embassy Act of 1995 requires the president to move the embassy to Jerusalem unless he certifies every six months that it's not in the national interest. Every president since Bill Clinton has done so, including President Obama most recently last Dec. 1 — giving Trump until the end of May to make a formal decision.
Since the North American Free Trade Agreement (NAFTA) between the United States, Mexico, and Canada went into effect, trade within North America has increased dramatically. Exports from the United States to Mexico have risen 150% and exports to Canada are up 66%. This much is beyond dispute.
NAFTA’s effects on employment, on the other hand, are hotly debated. Clinton administration officials estimated in the late 1990s that expanded trade in North America had created over 300,000 new U.S. jobs. Economic Policy Institute (EPI) economists Robert Scott and Jesse Rothstein contend, however, that such claims amount to “trying to balance a checkbook by counting the deposits and not the withdrawals.”
This is because NAFTA and other trade agreements have also increased U.S. imports from Canada and Mexico—and by quite a lot more than exports. Since 1993, America’s trade deficit with its North American trading partners (exports minus imports) has ballooned from $16 billion to $82 billion annually. As Scott points out, “increases in U.S. exports create jobs in this country, but increases in imports destroy jobs because the imports displace goods that otherwise would have been made in the U.S. by domestic workers.” www.dollarsandsense.org...
originally posted by: InTheLight
a reply to: seasonal
Compared to 9 million jobs (oil industry alone)...let's face reality, we are co-dependent.
originally posted by: seasonal
a reply to: InTheLight
I can't get any real solid info. Numbers are all over the place. Almost like the ACA, can't get real solid ideal of what is going on. And there is no real neutral source.
originally posted by: InTheLight
a reply to: seasonal
How many American jobs are affected by NAFTA?
originally posted by: neo96
originally posted by: InTheLight
a reply to: seasonal
How many American jobs are affected by NAFTA?
Millions.
Ever since NAFTA
ILLEGAL immigration increased.
originally posted by: seasonal
a reply to: InTheLight
From the reading I have done, I am leaning to the side that it has been good for the American econ, by way of corp profits. But for the individual workers, not so much.
originally posted by: InTheLight
And it will continue to be so, because they won't be able to come up with any new, fresh effective ideas to make democracy work.
originally posted by: Reverbs
originally posted by: InTheLight
And it will continue to be so, because they won't be able to come up with any new, fresh effective ideas to make democracy work.
so give up no trying it's all been done before?
Trump has been meeting with all those CEOs like Elon Musk and asking for any ideas they may have on what he can do to make it easier to export their products.
I don't know but I think he probably understands jobs better than Bush or Clinton or Obama.
And even then how will we know what effects the new changes are having? ?
originally posted by: seasonal
a reply to: Metallicus
I feel the same way.
I would hate to play marbles with any of these liberals, if you start to win, they would grab the marbles and run home.
originally posted by: Pyle
You honestly think Trump knows jobs???? He is the Billionare CEO he knows # about jobs and everything about profits.
originally posted by: Pyle
originally posted by: seasonal
a reply to: Metallicus
I feel the same way.
I would hate to play marbles with any of these liberals, if you start to win, they would grab the marbles and run home.
Projection much? Conservatives have been doing that for 8 years.