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Day of Reckoning

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State of Emergency

State of Emergency
March 19th, 1998

Icebergs Ahead for the S.S. United States?

by Patrick J. Buchanan – March 19, 1998

To see how rapidly de-industrialization is taking place, take a look at the aging queen of American industries: automobiles. From 1995 through 1997, the United States had a trade deficit in autos and auto parts with Japan of $95 billion, with Canada of $33 billion, with Sweden and Britain of $10 billion, and with Mexico of $41 billion. Mexico today exports more cars to the United States than the U.S. exports to the world! Let’s hear it for NAFTA…