McCaa Uncut: Perot's 1992 prediction on job losses

Print
Email
|

by JOHN MCCAA

Bio | Email | Follow: @johnmccaa

WFAA

Posted on July 1, 2011 at 8:20 PM

In this week's "Uncut" commentary, a missed lesson from the past.


Let me set the stage for you. It's 1992 and the the presidential debates are taking place, and one man shares his vision of future job loss.

Remember when Ross Perot said, “You pay a dollar an hour for your labor, have no health care - that's the most expensive single element making your costs - have no environmental controls, no pollution controls, no retirement and you don't care about anything but making money. There will be a giant sucking sound going south.”

That was 19 years ago before 9/11, Hurricane Katrina and the current financial crisis.

Perot wasn't completely correct. The jobs disappeared, but in every direction.

Don't take my word for it.

I know gas is expensive, but this Independence Day weekend, drive the area where you live. The city doesn't matter or the county, just drive and see if Perot  was right.

Those jobs are either gone or going, and those content with just making money are making lots more of it.

Yes, we're creating jobs, just not the solid middle class jobs we lost that pay for houses, cars and washing machines.

Fifty years ago, President John F. Kennedy made another warning. 

"If a free society cannot help the many who are poor, it cannot save the few who are rich," he said.

That is still true.

As we ponder the holiday, the impending possibility of national bankruptcy and when the two political parties that brought us to this point promise anything in the future, let us remember something from President Ronald Reagan: "Trust but verify."

And, remember that moment 19 years ago when the man with all the fancy charts and the high pitched voice warned all of us about the future, and all that most of us did was laugh at him.

My thoughts, tell me yours jmccaa@wfaa.com.

Print
Email
|