Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise to speak in support of H.R. 813, the Global Investment in American Jobs Act. As this legislation's name would suggest, we should work to encourage foreign direct investment that supports high-quality jobs here in the United States. Foreign direct support and investment from nonadversarial nations can be used to grow critical sectors important for our economic success and national security, including by creating new jobs in our Nation's manufacturing sector. Once the envy of the world, our manufacturing base has faced steady headwinds for the past several decades. Our Nation's share of global manufacturing activity declined from 28 percent in 2002 to just over 17 percent in 2020. Investment in America's small and medium manufacturers, the bedrock of our industrial might, has also declined over the past 20 years by more than $200 billion. In that same two- decade period, our domestic manufacturing base has shed more than 4 million jobs. It is time to reverse these trends by revitalizing our Nation's manufacturing industry and bringing jobs back home. The work we did last Congress passing the bipartisan infrastructure law, the Inflation Reduction Act, and the CHIPS and Science Act is already helping to turn the tide. The United States added nearly 700,000 manufacturing jobs during President Biden's first 20 months in office.…”