He also called Reagonomics Voodoo, got out his Voodoo stick and everything. A private equity guy is not a "businessman' in the same sense that Perot was, Perot was a CEO of a company that provided an actual service.
You'd hear a bigger sucking sound when Amerikans had to pay 20% more for their cars and 50% more for goods produced with NA high labor costs.
Most jobs going to Mexico were former union paying jobs. More companies have moved to the southern US than Mexico......big savings in the right to work states, where they can compete head to head with Mexico.