On the recordMay 9, 2000
Mr. Speaker, in the modern world today, we see a world where multinational corporations controlling billions of dollars can, with the tap of the mouse, in a short e-mail, move manufacturing plants, facilities and capital from one country to another in the never-ending pursuit of higher profits. Untold numbers of American workers have had their lives disrupted like chess pieces on a chess board. Day after day, night after night, the evening news and Wall Street economists trumpet our economic prosperity in the 1990s. We see record corporate profits drive the stock market to all-time highs, and an elite group of shareholders partaking in the profits. Unfortunately, they do not normally talk about the real lives and real people hidden behind the rosy statistics of economic growth. Real people who are coming to the conclusion that unfortunately, the American dream may be just a dream in reality. They do not talk about a Nation where working families pay more and more taxes and big business pays less and less. They do not talk about stacked wages that have plagued the American middle class for well over a decade. They do not talk about big business and the 111,000 layoffs in 1998 that jumped 600 percent to a record 677,795 layoffs in 1998. That is 600 percent in less than 10 years to 677,795 layoffs in 1998 alone. They do not talk about the $68 billion trade deficit with China.
Source
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