It was George H. Bush that actually drafted NAFTA; Billy was responsible for signing it into law. He presided over the longest period of peacetime economic expansion in American history. The Congressional Budget Office reported budget surpluses of $69 billion in 1998, $126 billion in 1999, and $236 billion in 2000, during the last three years of Clinton's presidency. However, that was then ... this is now:
Public Citizen’s Global Trade Watch has issued a new report, NAFTA at 20:Some of the effects of NAFTA that are highlighted in the report include:
* $181 billion U.S. trade deficit with NAFTA partners Mexico and Canada,
* one million net U.S. jobs lost because of NAFTA,
* a doubling of immigration from Mexico,
* larger agricultural trade deficits with Mexico and Canada,
* and more than $360 million paid to corporations after “investor-state” tribunal attacks on, and rollbacks of, domestic public interest policies.
The data also show how post-NAFTA trade and investment trends have contributed to:
** middle-class pay cuts, which in turn contributed to growing income inequality;
** how since NAFTA, U.S. trade deficit growth with Mexico and Canada has been 45 percent higher than with countries not party to a U.S. Free Trade Agreement,
** and how U.S. manufacturing and services exports to Canada and Mexico have grown at less than half the pre-NAFTA rate.
https://ourfuture.org/20131230/nafta-at-20-1-million-lost-jobs-580-increase-in-trade-deficit
