[Congressional Record Volume 141, Number 59 (Thursday, March 30, 1995)]
[House]
[Page H3980]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     READ THE TEA LEAVES, CONGRESS

  (Mr. TRAFICANT asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. TRAFICANT. Mr. Speaker, nobody is reading the tea leaves around 
here at all.
  In a listing of the world's top 50 banks, the top 9 banks, the 
biggest 9 banks, were Japanese banks. The biggest American bank could 
only rank No. 29.
  Wake up, Congress. In the 1980's we gave tax breaks for the purchase 
of Japanese computers and Japanese machinery, and every year Congress 
allows Japan to rip off over $60 billion from our economy.
  The truth is Japanese banks did not get strong because of the 
Japanese yen. Japanese banks got fat with the American dollar, and the 
truth is those dollars come out of the incomes of unemployed American 
workers.
  Where is the trade program? The truth is we have a paper economy, and 
the paper is ending up in some fat Japanese bank.
  Read the tea leaves, Congress, and get a trade program before we do 
not have any jobs left.

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