I oppose this bill. I keep score. America is losing. Our trade deficit with Japan is at record levels; trade deficit with China will exceed $50 billion; trade deficit with Canada, $22 billion. And Mexico started out as a $2 billion surplus. It is now a $20 billion deficit. So let's forget about the $1 billion Caribbean surplus. Let's tell it like it is. For some reason, Congress and the White House keeps going forward on trade like a group of misdirected masochists, so help me God. It reminds me of a smoker dying of lung cancer who continues to chain smoke. Let's talk business today. If you manufacture a product in Youngstown, OH, IRS, Social Security, Workmen's Comp, Unemployment Comp, OHSA, EPA, bank regulations, security regulations, pension law, health inspectors, minimum wage, and $20 an hour average manufacturing costs. You move to Mexico or the Caribbean, like you want, no OHSA, no EPA, no regs, no minimum wage, no labor law, no labor unions, pensions, health insurance. What are you talking about? That is foreign language. Let me tell my colleagues something else. They hire people at 17 cents an hour. Beam me up here.…
James Traficant: “I oppose this bill. I keep score. America is losing. Our trade deficit with Japan is at record levels; trade deficit…”
Editor's note · Context
Opposing a trade bill and discussing the impact of trade deficits on American manufacturing.
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