Political Quotes

On the recordOctober 12, 2011
I now would like to yield 3 minutes to the gentleman from Oregon (Mr. DeFazio). Mr. DeFAZIO. The United States of America has failed trade policies. They are unlike any other in the world. And I guess the question before this body today should be: Will these trade policies create jobs? The answer is yes. Will they create jobs in America? The answer is no. Like all the other free trade agreements we've entered into, these are designed to benefit multinational companies seeking cheap labor and fewer restrictions in terms of the environment and labor protections and other things overseas. That's what these are about. They're also about transshipment of goods with the low content requirement in Korea. Yeah, goods will be cheaper. Made in China, maybe made by slave labor in North Korea, those will be really cheap. American consumers who don't have jobs will benefit from this. No, American consumers would benefit a heck of a lot more if their neighbors had jobs, if they had jobs and if our kids had a future. Passing more of these free trade agreements, which has led to this sea of red ink, isn't going to fix the problem. Directly before us now is Panama. Now, Panama has a very interesting economy, mostly bolstered by being a tax haven and money laundering center. Now, the agreement that we're voting on doesn't prohibit that, but there's a separate agreement entered into by the administration that will go into effect a year from now.…
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Mike Michaud
Democratic · Maine

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