Political Quotes

James Traficant: “America had a $15.7 billion record deficit in May. Billion. The formula says for every $1 billion in deficits, America…”

On the recordJuly 20, 1998
America had a $15.7 billion record deficit in May. Billion. The formula says for every $1 billion in deficits, America loses 20,000 jobs. So in May, check the formula, America lost 314,000 jobs. These are not burger flippers or chicken skinners. These are manufacturing jobs, folks. It is getting so bad China today has a 34 percent tariff on most American products. After all this, the White House by whatever name you want to call it once again wants most-favored-nation trade status for China. Unbelievable. Who are the trade advisers at the White House, a bunch of proctologists, ladies and gentlemen? This is out of hand. Think about it. While Congress is debating campaign finance reform that was promulgated because of illegal Chinese contributions, the Chinese keep kicking our assets all the way to the bank. Beam me up. We need a proctologist.
Said by
James Traficant
Ohio
Source
govinfo.gov

Editor's note · Context

Discussing the impact of trade deficits and job losses related to China during a floor speech.

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