The Giant Sucking Sound: Will Washington Hear It?

If I recall correctly it was Ross Perot who first coined the term the “Giant Sucking Sound” in his independent presidential bid of 1992. He criticized NAFTA as a force that would destroy American jobs by moving them to Mexico. The idea was that jobs would be “sucked away” from the US industrial base by Mexico’s offer of cheap labor and government support. Obviously Mr. Perot’s prognostication didn’t resonate, at least enough with the voters, to win him elective office.

Written by Michael A. Berry, Ph.D. - [ Discovery Investing Web Site ]