2 days ago President Bush sent to Congress his annual report on the State of America's economy. Contained in that report is a statement that was quite remarkable. After presiding over the loss of 2.6 million jobs, after claiming for 3 years that stopping the job hemorrhage was one of their top priorities, the Bush administration now says that exporting American jobs to China and India and other low-wage nations is good for the American economy. I read that, and I must have read it two or three times thinking there had to be a catch, thinking there had to be some caveat, there had to be some condition. But there is no condition. The statement from the report could not be more clear. This administration believes that exporting jobs to China and India and other low-wage nations is good for America's economy. They seem to want to turn a jobless recovery into a hopeless recovery. The President's report is proof that there are those in this administration who simply do not understand what is happening to this economy and how deeply concerned people are about their economic future.
Thomas Daschle: “2 days ago President Bush sent to Congress his annual report on the State of America's economy. Contained in that report…”
On the recordFebruary 11, 2004
Source
govinfo.govEditor's note · Context
Criticizing President Bush's economic report and its stance on job exports during a Senate floor speech.
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