James Traficant: “the U.S. trade deficit once again is at a record level. Japan is in to…”

On the recordSeptember 28, 1996

the U.S. trade deficit once again is at a record level. Japan is in to us for more than $60 billion. China is eating our clock at about $40 billion. Mexico and Canada are now approaching $40 billion. The result is, since 1991, we have lost 13 million jobs and 60 percent of those workers today are in jobs that pay less than half of what they previously earned. So when some spin-master coined the term ``downsizing,'' they were very conservative. The truth is, it does not take a rocket scientist, since NAFTA, GATT, WTO, ``GNAT'' and ``PMS,'' I say to my colleagues, America is sending jobs and money overseas, and in return, we get a boatload of Suzukis and two baseball players to be named later. Beam me up. What is next, folks? NAFTA II? Mr. Speaker, I yield back the balance of the jobs left.

Said by

James Traficant

Ohio

Source

govinfo.gov

Editor's note · Context

Discussing the impact of trade agreements on U.S. jobs and the trade deficit.

Share on X Share on Facebook Email this quote

More from James Traficant

Oct 3, 2001

it is time to face the facts: we cannot secure our home with our doors unlocked. America's borders are wide open, wide open. The truth is, America remains vulnerable to terrorism. Yet some in this Congress still expect policemen to defeat…

govinfo.gov

Jul 24, 2002

I want to thank Bill Archer and the Republican Party, and that is why I voted for you, Speaker. For 12 years I tried to change the burden of proof in the civil tax case and protect the American people's homes from being seized, and now, I…

govinfo.gov

Oct 5, 2001

I wanted to say a couple of things, and I do not want to belabor the House; but I thought I would take time on my amendment. I listened to the words of the gentleman from Illinois (Mr. LaHood), who is certainly one of our outstanding…

govinfo.gov

Oct 4, 2001

after September 11, America turned to prayer. Churches, community groups, colleges, all of America prayed for the victims, their families, and our great Nation. Once again, when in crisis, America turns to prayer and turns to God. Yet…

govinfo.gov

View all James Traficant quotes

Other voices in this conversation

James Traficant: “the U.S. trade deficit once again is at a record level. Japan is in to us for more than $60 billion. China is eating our…”

Editor's note · Context