Saturday, December 21, 2013

Gaius Publius: TPP trade agreement: Ross Perot on the `giant sucking sound from the East`

As some of you may remember, 1992 Presidential candidate Ross Perot created the phrase “giant sucking sound” to refer to loss of U.S. jobs under the proposed NAFTA agreement:
The “giant sucking sound” was United States Presidential candidate Ross Perot‘s colorful phrase for what he believed would be the negative effects of the North American Free Trade Agreement (NAFTA), which he opposed. … The phrase, coined during the 1992 U.S. presidential campaign, referred to the sound of U.S. jobs heading south for Mexico should the proposedfree-trade agreement go into effect.
Perot ultimately lost the election, and the winner, Bill Clinton, supported NAFTA, which went into effect on January 1, 1994.

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