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.
Source
govinfo.gov
