there are more than just prospective benefits for American workers in this legislation, on this Trade and Development Act of 1999. We now have 7 days before the Trade Adjustment Assistance program is ended, a program that goes back 37 years to the Trade Expansion Act that President Kennedy obtained in his first term-- the only real measure he did in his first term--37 years and as many Presidents as you can count, with 200,000 persons and their families eligible for benefits. The funding ends on Friday. More than that, we have put in jeopardy this morning--and it remains in jeopardy--trade policies of the last two-thirds of a century. In that two-thirds of a century, we have seen America rise to unknown and previously inconceivable levels of economic growth and stability. This very morning the press reports, I will read from the New York Times: Headline: ``Strong summer is likely to propel the economic boom to a record.'' The story: ``The American economy turned in its best quarterly performance of the year this summer, virtually guaranteeing enough momentum to carry the nation to its longest economic expansion in history early next year.'' By February--that is not very long--we shall have had the longest expansion in the history of the Nation. Sir, I want to stand alongside my chairman and say this is not over. It cannot be over. Do we have any idea what is at stake?…
Editor's note · Context
Discussing the Trade and Development Act of 1999 and its implications for American workers and trade policies.
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