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View Diary: NAFTA & GORE: An Inconsistent Truth? (36 comments)

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  •  Let me cast the argument in cliff terms (0+ / 0-)

    20 billion bailout helped Mexico stave off Bankruptcy. NAFTA most likely helped Mexico sustain and recover to a functional economy.

    •  Closer to agreement... (0+ / 0-)
      1. Most definitely the bailout of Mexico helped their currency. This is not even debatable.

      2. Whether NAFTA did or didn't help is speculation. There seems to be more evidence indicating that it DIDN'T help (and may have been partially responsible for the fall of the peso). BUT, and I want to stress that, it is PURE SPECULATION on my part as it is on yours.

      3. Whether Mexico would have gone "bankrupt" or not falls in the idle speculation. That is why I was calling it a straw man.

      Feloneous

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