Thread: Fox (insulting troll) says job losses call for NAFTA coop

http://www.investors.com/breakingnews.a ... 3658&brk=1

I found this in the American Patrol 2004 archives and was drawn to the article by the headline which, I must say, is highly appropriate. Fox, the insulting troll! :P


Burning of the Mexican flag

Insulting troll says America needs Mexico's flotsam
Mexico's Fox says job losses call for NAFTA cooperation
By Rachel Koning
Last Updated: 6/17/2004 7:12:43 PM

CHICAGO (CBS.MW) - NAFTA partners Mexico, the United States and Canada should join efforts to stop what some see as the bleeding of North American jobs to Asia, Mexican President Vicente Fox said Thursday to a foreign-relations group.

Disgruntled American workers long have bemoaned the migration of some high-paying U.S. manufacturing, and to a lesser degree, technology jobs, to comparatively lower-paying Mexico. But now Mexico's labor markets are viewed as higher cost compared to places like India and China.

Fox said the NAFTA partners should overcome trade disputes to work toward "mutual prosperity," including reining in lost jobs.

Among the latest examples, Modine Manufacturing (MODI), a computer electronics maker, said this week it would shutter its Mexican plant, sending part of its operations to Asia. Alcoa (AA) has also cut Mexican jobs. But some firms have said labor costs aren't the only issue in Mexico. Rather, steep business operating costs are turning off business investment.

Fox delivered this message at a Chicago Council on Foreign Relations luncheon, echoing a similar speech delivered to a U.S.-Mexican business group a day earlier. The Mexican president is making several stops in Chicago, which has a large and growing share of the 10 million people of Mexican heritage living in the United States.

Fox used his Chicago tour to try to stir up interest in capital investment in Mexico, which he said is supported by Mexico's own commitment of some 60 percent of domestic investment to expanding its economy, a percentage not seen in China, he said.

Fox said an aging U.S. population would be well served by allowing more free-flowing immigration of a decidedly younger Mexican population into the United States.

By some estimates, Mexicans and Mexican-Americans, including legal and illegal immigrants, working in the United States send home some $13 billion annually.

Fox said global terrorism tensions make security at any border a priority, but he cautioned against an unfair clampdown on the U.S.-Mexican border, stressing that respect for human rights must not be discarded.

it's clear who the biggest thug in Mexico is.