Ross Perot infamously predicted a "Giant Sucking Sound" of jobs leaving the country in this Presidential debate. You can see Bill Clinton on the right and George Bush (Senior) on the left. This was in 1992. He told the audience the experts he consulted predicted it would take 12 to 15 years before the wage levels between the U.S. and Mexico reached parity and stabilized. Did Ross Perot correctly predict the 2007 Recession ?
I voted for Perot in 2 elections. He was a TRUE self-made billionaire and really did create jobs. He would buy 1/2 hour blocks of TV time and explain his economic plans with graphs and charts - went over most people's heads, unfortunately. I agreed with his predictions on NAFTA. My favorite Perot quote: "Now, Mr Clinton seems like a nice man, but he was governor of Arkansas. How hard can that be? That's like being night manager of a 7-11". That was exactly what I was thinking - really - what is that last news you can think of coming out of Arkansas??? A note about loyalty - when the Iranian revolution happened, a couple of EDS employees were jailed. Perot organized a rescue and went to Iran himself and got the employees out. Perot was an Annapolis graduate.
I don't know, it's almost as if the U.S. has become more like Mexico, you see a lot more people begging on the sides of streets. (Well, at least since I was growing up. My grandmother told me a lot of stories back around the time a decade after the Great Depression, things that seemed far away in another time then)
OMG!! Perot was obviously talking about free trade which had nothing whatsoever to do with 2007 housing recession!!!!
Who cares? Jobs have been lost to outsourcing and/or automation for decades...get over it! Our government and president's lies will NEVER bring back these lost jobs! Pay attention people and change how you need to approach your career, or lack of career, or job insecurities, and whining about what we already know. There is ONLY one person in charge of you...and it's you...you make 100% of the decisions in life...
wrong of course. making corporate taxes, liberal unions, and budget deficits illegal would bring back millions of jobs and prevent many more from leaving.
