By 2007 this [US-Mexico] trade surplus turned into a massive deficit that peaked at $75 Billion. As our economy declined in 2009 our trade deficit with Mexico dropped to $47 billion. Our trade deficit with Canada in 1993 was $11 Billion prior to NAFTA. By 2008 the trade deficit swelled to $78 billion and dropped to $20 Billion with the decline of the economy in 2009.In other words, a public announcement expressly demonizing imports and the trade deficit expressly acknowledged that the deficit shrunk when the economy tanked! And yet, while such blatantly obvious statistics might clue normal people into the fact that the US trade deficit isn't a sign of economic doom, these valiant protectionists remain utterly unfazed by mere reality. Crazy. Then again, the unions love - love! - the anti-NAFTA bill, and all of the co-sponsors are up for re-election this year, so who cares about silly things like facts and decency, right? Right?!?!
Indeed, the only thing missing from this spectacle was Rep. Taylor showing up at the press conference dressed as Unfrozen Caveman Congressman. Maybe next time.
(p.s. Just in case it wasn't blatantly obvious, the title of this post is a silly, self-deprecating joke. Duh.)