In recent weeks, we’ve asked you to tell us what you think is causing our persistently high unemployment rate and sluggish economic growth. Many of you answered with a single acronym: NAFTA.
The North American Free Trade Agreement was engineered by the first Bush Administration and passed by the Clinton Administration. The idea: to spur economic growth by eliminating most tariffs — on exports and imports — so everyone could buy products at a cheaper price.
On its face, that sounds pretty good. But critics say eliminating those tariffs made the low cost of doing business abroad too attractive, and as a result, American manufacturing jobs have been decimated. Need to Know correspondent Rick Karr has this report on how NAFTA has changed one Midwestern city.
Take our poll: How do you feel about NAFTA now?