Word: perots
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NAFTA: Does the peso's crash mean Perot was right...
What's wrong with this picture? Mexico's currency crash had just spoiled the first anniversary of the North American Free Trade Agreement, and there sat Ross Perot, looking very, very grave. "I do not want to be vindicated," the prophet of post-NAFTA doom told one newspaper reporter. "I would like to be wrong...
Loose translation: "See? I was right." Like other NAFTA critics, Perot sees Mexico's turmoil as proof at last of the trade pact's perils. And he sees more proof in the offing: after the peso's plunge, with Mexican labor even cheaper, American jobs will head south en masse. The poorly concealed glee of NAFTA's foes gives the Clinton Administration yet another thing to get defensive about. If NAFTA was a blunder, then doubts arise about the centerpiece of Clintonomics: free trade, as in NAFTA, GATT and plans for Pacific Rim and Pan-American trade zones...
...this is one Clinton p.r. problem that should prove manageable. NAFTA's aftermath -- including Mexico's latest crisis -- has yielded more doubts about Perot's world view than about the President...
SMOKE AND MIRRORS: Mixing Reagan's enthusiasm for supply-side economics and Ross Perot's love of visual aids, Gingrich offered a chart to support the no- pain fiscal proposals he says will balance the budget by 2002 without draconian spending cuts. "We're never, ever talking about cutting spending," Gingrich said. "We're talking about a slower rate of growth...