Pete Domenici: “It will provide 500 to 1,000 more jobs for New Mexico, highly paid, skilled jobs. Obviously, local businesses will also…”

“It will provide 500 to 1,000 more jobs for New Mexico, highly paid, skilled jobs. Obviously, local businesses will also profit from this expansion. That is what expanded trade with China means to Americans and to New Mexicans. I gave you the example of the $2 billion investment because that investment is made to make one phase of the computer chip that I just described. The other phase will be done in China. Both countries will gain employment and will gain in terms of the production of items that add to our respective gross national products. I do not know which will have more. I would assume they would have a few more workers doing theirs, but we will have the master plant with the most modern technology. The challenge to America in an international global market is the risk that we are taking, and it is singular. It is one. It is that we will not be able to produce the high-tech, high-paying jobs ahead of the rest of world and keep them here. That is really the only challenge. If we can do that, and train our people sufficiently to do that, we will win all the time because we will keep the high-paid, highly skilled jobs here, as we are currently doing vis-a-vis a country such as China or other countries in the world. So granting PNTR to China makes practical economic policy, and it makes good foreign policy. I think they are tied together in this case.”