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Giant Sucking Sound: Perot Goes To Mexico

November 14, 2006




BEGIN TRANSCRIPT



RUSH: Ladies and gentlemen, does the name Ross Perot ring a bell with you? Ross Perot had this phrase that he popularized during the presidential campaign back in 1992, and that was "that giant sucking sound." (interruption) Well, it was "the crazy aunt in the basement;" that was another popularized phrase, but the one that everybody remembers is "the giant sucking sound" that you'd hear of jobs being sucked south of the border to México because of NAFTA and CAFTA and all those horrible things. So I'm reading the New York Times two days ago. Have you seen anything about Perot in the news in the last two days? They ran a little bit of a correction to it today.

Ross Perot "Texas billionaire and one-time presidential candidate railed against the North American Free Trade Agreement in the early 1990s, arguing that it would create a 'giant sucking sound' of American jobs pulled to low-wage Mexico. But things change. Last week, Perot’s Texas company announced that it was hiring — in Mexico. Perot Systems Corp., which manages information technology for companies, is setting up a technology center in Guadalajara, where it expects to employ 270 engineers by the middle of next year. Neither Perot, who is now chairman emeritus of the company he founded in 1988, nor his [world-class] son, Ross Perot Jr., the company’s chairman, was on hand for the announcement in Guadalajara on Thursday.

"But a company spokesman, Joe McNamara, said that lower pay for engineers was only one of several reasons [Laughing] Perot Systems decided to set up in Mexico. 'Guadalajara is a fast-developing technology center in Mexico,' he said. 'There’s room to grow.' The company is also looking at other places in Mexico to set up new operations, he said. 'Mexico is a very important strategic location for us.'" Oh, man! (Laughing.) You've got to love it! You just have to love it, folks. (Laughing.) So a giant sucking sound is the sound of Perot Systems hightailing it to Guadalajara and hiring engineers down there because you can get 'em cheap!

Now, when the story originally ran there was something wrong in it so they had to issue a correction in the New York Times. The correction is issued today: "An article in Business Day yesterday about plans by Perot Systems to set up operations in Mexico referred imprecisely to the clients the Guadalajara office will serve. While the Mexican operation will provide desk and engineering support to Perot clients in Europe and the US, it will not do work for the US government. All work for federal agencies is done in the United States." So I will leave it to you who voted for Perot to make your own judgments on this because I have never set up a business in Mexico, and so, as such, I am not qualified to comment.

END TRANSCRIPT

Read the Background Material...

(NYT: Perot Systems ships tech jobs to Mexico)


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