[Congressional Record Volume 141, Number 77 (Wednesday, May 10, 1995)]
[House]
[Pages H4678-H4679]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                              {time}  1145
        CUTTING MEDICARE IS THE WRONG WAY TO BALANCE THE BUDGET

  (Mr. SCHUMER asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. SCHUMER. Mr. Speaker, let me say that this administration 
deserves a heck of a lot of credit. For the first time in two decades, 
we are doing something real to open up Japanese markets. Every time 
America has a better product, whether it be in automobiles or financial 
services or anything else, the Japanese come up with a million 
different barriers and put them in the way. Today we are finally saying 
``Enough.'' We are not being 
[[Page H4679]]  protectionist. Our markets are wide open, but so should 
theirs be.
  However, I have one admonition. As we put tariffs on certain Japanese 
products in an effort to force their markets open, our own 
manufacturers ought not to take advantage by raising their own prices. 
We need to have a united front here in America, and no one group, not 
the automobile owners or anyone else, should take advantage of that.
  As long as they do not raise their prices, market share for them will 
increase, the Japanese will feel the heat, and maybe for the first time 
in a long time, free trade will be on both sides of the Pacific Ocean.

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