[Congressional Record Volume 141, Number 116 (Tuesday, July 18, 1995)]
[House]
[Page H7081]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           CRUMBLING ECONOMY

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute.)
  Mr. DeFAZIO. Mr. Speaker, as the Republican revolution patters on 
about the audit of the House of Representatives, the economy is 
crumbling around us. It is business as usual in Washington, DC, or, 
rather, as usual, big business and Wall Street are dictating that we 
continue our failed trade policies with the enthusiastic support of the 
new Speaker and the new majority.
  We ran a record trade deficit in May. According to the Commerce 
Department, it was an $11.4 billion trade deficit. That means we 
exported 228,000 jobs to unfair trading partners around the world.
  What does the new majority have to say about that? Well, precious 
little, because they are too busy filling their campaign coffers with 
special trips to Wall Street rather than addressing the failed trade 
policy. Yes, this administration, the Clinton administration, has 
followed Reagan and Bush in this failure. But the new majority is doing 
nothing to change it. We need a new trade policy for this country, a 
policy that brings jobs home to America and protects our economy.


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