On the recordMarch 5, 2007
I am proud to join many of my House colleagues today to present a strong voice in opposition to renewing Fast Track trade negotiating authority in any way, shape or form. Fast Track allows the President to negotiate trade agreements without input from Congress. In addition, Congress is prohibited from amending any trade agreements reached under Fast Track authority. Cynically repackaged as 'trade promotion authority' in 2002, under President Bush's watch, Fast Track has been utilized to unjustifiable ends. Wages are flat, our trade deficit has skyrocketed and good-paying manufacturing jobs have been lost by the thousands. Increased imports from low-paid workers abroad, combined with threats made to workers by companies to move operations overseas, drive American workers' wages down. Through the 1950s and 1960s, the American middle-class grew and prospered. In 1973, the average U.S. worker made $16.06 an hour. Today, after adjusting for inflation, that same worker would make only $16.11 per hour. In stark contrast to hourly wages, average U.S. worker productivity has nearly doubled over the same period. Clearly, the divide in America between the 'haves' and 'have-nots' is growing, and the richest few, along with multi-national corporations, are the big winners under our nation's flawed trade policy.
Source
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