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I voted against NAFTA, GATT, and Permanent Most Favored Nation status for China, in great part because I felt they were bad deals for Wisconsin businesses and Wisconsin workers. At the time I voted against those agreements, I thought they would result in lost jobs for my state. But, Mr. President, even as an opponent of those trade agreements, I had no idea just how bad things would be.

Russ Feingold#18

PolicyTradeEconomyJobs

About this quote

What does it mean?
The speaker opposed trade deals fearing job losses, and later saw those fears realized to a greater extent than expected.
In plain terms
I voted against bad trade deals and saw worse job losses than I predicted.
What can you take from it?
Listen to economic warnings about trade agreements.

Where it applies

  • policy votes
  • economic planning
  • labor negotiations

Putting it to work

  • review trade impacts
  • support local industry
  • vote based on economic data

Questions to consider

  • How do you evaluate trade deals?
  • What predicts economic outcomes?

Another view

Trade also creates benefits that may not be reflected in job counts alone.

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