Political Quotes

Jeff Duncan: our trade deficit reached an astounding figure of over $400 billion last year. This means we are still losing millions…

On the recordApril 2, 2003
our trade deficit reached an astounding figure of over $400 billion last year. This means we are still losing millions of jobs to other countries. Now in today's Washington Post, there are headlines saying ``White Collar Work a Booming U.S. Export'' and ``More White Collar Work being Shipped Overseas.'' According to this story, one study says by 2015, 3 million white collar jobs and $140 billion in wages will have shifted from the U.S. to other nations. Another headline in today's Post says ``U.S. Manufacturers Cut Back in March.'' The disciples of high tech told us not to worry about losing factory jobs, but now we are losing these economy jobs to China, India, and elsewhere. Is it any wonder that college graduates cannot find good jobs and are going to graduate school while working as waiters and waitresses? We need to start putting U.S. workers first and end trade agreements and government regulations that force more jobs to other countries. If we do not, Mr. Speaker, the standard of living for most Americans is going to go down, down, down.
Said by
Jeff Duncan
Republican · South Carolina

Editor's note · Context

Addressing the impact of trade deficits and job losses in the U.S. economy.

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