Political Quotes

“all of us now are familiar with the economic report of the President of the United States. It is the report put out by the chief economic adviser for the President. It is signed by George Bush on page 4, signed by the chairman of the President's top economists in the country, the Chairman of the Council of Economic Advisors, Greg Mankiw. We have heard lots of media coverage that in this report the Chairman of the Council of Economic Advisors says outsourcing is a good thing; that an economic concept that they learned in graduate school called comparative advantage means if you can make something cheaper overseas, you ought to close down the American plant and make it overseas. They said outsourcing is a good thing, while a State like mine in Ohio has lost one out of six manufacturing jobs. They go on to predict we will create in this country under the Bush economic plan 2.6 million jobs this year. They also promised 3 million jobs a couple of years ago. We have actually lost manufacturing jobs in this country because of the Bush economic plan. The response to every economic problem is more trickle-down economics, cut taxes on the wealthiest Americans hoping it trickles down and creates jobs. That has not worked. Their other answer is more trade agreements, expanding NAFTA to Central America, the so-called Central American Free Trade Agreement, expand NAFTA to the rest of Latin America called the Free Trade Area of the Americas. None of that is working.…”