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.
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
Putting it to work
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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