On the recordJanuary 12, 2015
I rise this evening to paint a picture of U.S. job loss resulting from our trade policies extending back now almost three decades. I rise because America has a huge ``good jobs'' deficit because we have a gigantic trade deficit. That means more imports come in here than our exports go out, largely because markets and other places are closed. Our workers and our communities have paid a tremendous price for this. I oppose any further NAFTA-like trade agreements, such as the Trans- Pacific Partnership, which the administration is proposing. That will ship out more U.S. jobs. We have had enough. The American people have had enough. Since 1975, when Wall Street's free trade job outsourcing roulette began, America has amassed a $9.3 trillion trade deficit with the world. If you look at this chart, we have on here every single trade agreement that was signed and all of the lost jobs that resulted from the growing trade deficits we are amassing with countries around the world. This has never happened before over our history in the United States of America. It is a very serious problem. The staggering loss of productivity associated with this deficit translates into a huge job loss here at home. In fact, that $9.3 trillion of accumulated trade deficit of more imports coming in here than exports going out has actually cost us over 47,500,000 lost American jobs.…
