Political Quotes

“Mr. Chairman, I have not seen such obfuscation in all my life as I have seen here this morning. Somehow they want us to believe that if we take $18 million out of their budget, that the whole import/export budget will collapse. The President's budget has $687 million in it. The House budget is $805 million. Mr. Chairman, I rise in support of the Visclosky-Mollohan amendment which cuts $15 million from the Export-Import Bank subsidy appropriations and $3 million from their administrative expenses. It troubles me that the Ex-Im Bank approved an $18 million loan guarantee to modernize and improve production for a Chinese steel company. Yes, you heard it correctly. We are using American taxpayer dollars to modernize a Chinese steel company so that it can produce more steel for import into the United States, thereby, putting more steel workers on the unemployment line. To add insult to injury, Benxi, the Chinese steel company, is currently involved in an anti-dumping case before the International Trade Commission. Once again, you heard it correctly. We are guaranteeing a loan for a Chinese steel company which has been charged with dumping steel on the American market. Does the Ex-Im Bank not know that our domestic steel industry has been hurting since the flood of imports began in the late 1990s?”