Marcy Kaptur: “everyone knows that America is losing its independence as goods that used to be made here are displaced by foreign…”

“everyone knows that America is losing its independence as goods that used to be made here are displaced by foreign imports. In fact, America is in unchartered waters today. We have an accumulated trade deficit of nearly $1 trillion a year. Today, I want to talk a little bit about super NAFTA and what the Bush administration is planning to lock NAFTA in even tighter in this country and across the continent. There is something called the Agreement on Security and Prosperity that is being negotiated by the Bush administration very quietly. No hearings are being held in this Congress. Most Americans have never even heard the term, but it really is the successor to NAFTA. In addition to what it anticipates in terms of a new transportation corridor that will come up through Mexico and the American highway into the United States, it also includes the incentives to major corporations, such as Ford Corporation of our country that is laying off people in our country, now an additional 30,000 jobs to be lost here in the United States, and Ford is planning to employed over 150,000 more workers in Mexico, announcing it will be investing over $9.2 billion in Mexico.…”