On the recordMarch 26, 2007
The American people, they do get it, and that is why they sent so many freshmen Members here in this Congress on the very issue that they talked about in their campaigns, and that issue is trade. We are heading for disaster, a perfect storm. We have the largest budgetary deficit in the United States history, with over 45 percent approximately is owned by foreigners. We have the largest trade deficit in our history, over $202 billion with China alone. It is over I think approximately, what, 7 percent of our GDP? We are heading on a collision course. We must make sure that we have a strong manufacturing base here in the United States, and that is why I look forward to working with my colleagues here on the floor, look forward to working with a good, diverse group of the United States Business and Industry Council, labor, environmental groups, my colleagues across the aisle, Congressman Walter Jones, Duncan Hunter, Tim Ryan on our side of the aisle and Betty Sutton. So I am really excited.
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