Hillary Clinton and Trade Deals: That “Giant Sucking Sound”

In the 1992 Presidential campaign, Ross Perot famously said in debate:

We have got to stop sending jobs overseas. It’s pretty simple: If you’re paying $12, $13, $14 an hour for factory workers and you can move your factory South of the border, pay a dollar an hour for labor,…have no health care—that’s the most expensive single element in making a car— have no environmental controls, no pollution controls and no retirement, and you don’t care about anything but making money, there will be a giant sucking sound going south.
…when [Mexico's] jobs come up from a dollar an hour to six dollars an hour, and ours go down to six dollars an hour, and then it’s leveled again. But in the meantime, you’ve wrecked the country with these kinds of deals.

Bill Clinton, who as President got NAFTA ratified[1], disagreed. Remarks on Naming William M. Daley as NAFTA Task Force Chairman and an Exchange With Reporters, 1993:
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