Political Quotes

“Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 1875) to establish an Emergency Commission to End the Trade Deficit, as amended. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 1875 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. FINDINGS. Congress makes the following findings: (1) The United States has run persistent trade deficits since 1978, and many of such trade deficits since 2000 have been especially large. (2) There appeared to be some improvements in the United States trade balance in 2009, but this was during a time of global economic crisis, and the reduction in the United States trade deficit appears to be attributable to a shrinking United States demand for imports rather than an increase in United States exports. (3) Many of the trade deficits are structural--that is, with the same countries, year after year. In 2009, the United States continued to have significant merchandise trade deficits with the People's Republic of China ($226.8 billion), the European Union ($60.5 billion), Japan ($44.7 billion), and Mexico ($47.5 billion), notwithstanding the overall decline in the United States trade deficit. In fact, in 2009, China accounted for 44 percent of the United States merchandise trade deficit.…”