Judd Gregg: “I want to talk about the approach being taken by the other side of the aisle toward a lot of issues in the Senate but…”

“I want to talk about the approach being taken by the other side of the aisle toward a lot of issues in the Senate but specifically two dealing with jobs; that is, this attitude of obstruction for the purpose of basically stopping legislation and not allowing this body to move forward and do the business of the people. There are two bills pending in this body. One is the JOBS bill, which deals with correcting the tax structure of the United States so we are no longer out of compliance with a ruling made by the WTO, which ruling, if it is allowed to stand, will have the practical effect of raising duties on American products sold overseas rather significantly. In fact, they could raise as high as 18 percent, as I understand it. The effect of those duties, of course, which have now been ruled legal under this international tribunal that we subscribe to as a member state, will be that those American goods are not as competitive as they should be, and therefore those American goods will not be able to be effectively sold into those markets overseas. The practical effect of that will be that jobs will be lost here in the U.S. The other side of the aisle continues to filibuster that bill. The effect of the filibuster will be that these duties will go into place and jobs will be lost. This bill which is called the JOBS bill is just that, a jobs bill.”