Political Quotes

“I thank you, Congressman Garamendi. I am really listening carefully to what Congressman Tonko and Congressman Higgins have been saying this evening and thinking about what's going on in Ohio, the northern band of Ohio, from Toledo through Cleveland, and the importance of manufacturing and thinking about how hard our businesses and our workers have to compete in a very unlevel global playing field. And I've seen this directly in the automotive industry, where to this day one of the reasons that our automotive industry had difficulty and why it required the Nation to not let it fail and to pay back what was borrowed was because we are in competition with state-managed economies. For example, I'm a member of the China Commission. And several economists testified before our committee a few years ago that what you really have in operation is market Leninism. I said, Describe to me what you're seeing. Because I've had companies in my district that have business deals in China that have lost billions of dollars. They have paid for goods that have never been received. Now, in a transparent legal system like our own, that could never happen. You have a court system. You have a way of getting your money back. But when you're dealing with a state-managed economy under a market Leninist approach, you have powerful political people pulling the strings that isn't truly a free market.…”