Political Quotes

On the recordApril 10, 2008
Mr. Speaker, we are having a conversation here about trade and globalization and about how to make sure that, in fact, globalization is a win-win strategy for the American people. And we were talking about Colombia, but what we really are talking about is the effects of globalization on the American economy. And in fact today, if you take a look at The Washington Post Business page, there's a new survey out showing the middle class feeling worse in this period of time than ever before, more squeezed by rising costs. Energy is up nearly 2 bucks a gallon since 2001. Nearly $2 up. Health care costs have doubled. College costs are up 64 percent, and yet the median household income in this country shrunk $1,100. The middle class are feeling squeezed. Globalization can be a good thing. Trade can be a good thing. But if you don't have an agenda to make sure Americans win in that globalization, you're going to get a squeeze on the middle class where they resist the attempts to open up markets to American-made products. What we need here, and what we are seeking here, is a new deal for the new economy for the American workers.
Said by
Rep. Rahm Emanuel
Illinois

Editor's note · Context

Discussing the impact of globalization on the American middle class and the need for a new economic agenda.

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