On the recordOctober 12, 2011
Thank you, Mr. Chairman, for yielding. Well, the beast in the room is jobs, and that's what these bills are about: jobs. We need to pass these trade agreements just like President Obama said. Pass these trade agreements now. Pass these jobs bills now. That's what these are, jobs bills. Korea alone, 70,000-plus jobs. And how does that work? Well, 95 percent of the tariffs that we pay currently to Korea disappear. They're eliminated almost immediately. What happens then? Guess what. Our prices go down. More demand for our goods. More demand for our goods, what does that mean? Produce more products. When you produce more products, what happens? This is Economy 101. {time} 1600 You have to hire more workers, more workers to make more products. Guess what. The unemployment rate goes down. That's what we need to do today. We have to come together, and we know this is a bipartisan effort. We know that people have come together on both the Democrat side and the Republican side. We know that the White House has supported these trade agreements. What happens if we don't pass these bills? We lose. The European Union has already made their agreement with Korea. It went into effect on July 1. Their exports to Korea have already increased by 17 percent. We are losing market share. Ninety-five percent of our market is outside of this country. We need to sell America. We need to pass these trade agreements now. We need to pass these jobs bills now.





