Political Quotes

“I want to follow my good colleagues who just talked about what they consider to be the free trade debacle of the 1990s with a gentle reminder that that debacle commenced with the 1994 NAFTA vote under the Clinton administration, strongly supported by President Clinton, and I think, strongly supported by then Senator Kerry. At the time when we started that, I think we had a $3 billion trade surplus with Mexico. Shortly thereafter, we had a $15 billion annual trade loss. I am reminded with respect to China that one of Mr. Clinton's strongest contributors, who happened to be the chief executive officer of the Loral Corporation, found that he had, after he had seriously violated the rules of transferring technology, had transferred technology to the Chinese with respect to their launch capability, because in their satellite launches they use these Long March rockets to do their satellite launches, and they use that same rocketry to aim nuclear warheads at their adversary cities, several of which are in the United States of America. And when Loral violated the restrictions on transferring this weapons technology, which puts all Americans at risk, he was allowed to continue to make those sales; and Loral was allowed to continue to make those sales, prematurely, in my judgment, and there was, I think, a very strong link to the Clinton administration manifested in a $300,000-plus contribution to President Clinton.”