Political Quotes

“We had a trade deficit of about $40 billion a dozen years ago. We have a trade deficit in excess of $40 billion a month now. But more importantly, as the gentleman from Oregon pointed out, what that really means is that we are continuing to get further and further in debt as a Nation to foreign investors, to investors in other countries. That means that the Chinese, with their $100 billion a year in U.S. currency, the trade surplus they have with our country, the fact that they sell us so much more than we buy from them, the Chinese take that $100 billion and are beginning to buy up a lot of scrap steel in the United States, driving up prices of steel, of scrap for U.S. manufacturers, making it harder for them to compete. They are also buying energy companies in the United States, again driving up the cost of natural gas for American manufacturers and putting them more and more behind the eightball.”