[Congressional Record Volume 142, Number 129 (Wednesday, September 18, 1996)]
[House]
[Page H10528]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 RISING IMPORTS, DWARFING U.S. EXPORTS MEAN LOST U.S. JOBS AND SINKING 
                                 WAGES

  (Ms. KAPTUR asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. KAPTUR. Mr. Speaker, there is an economic wind blowing across our 
Nation that has thus far failed to capture the attention of the leading 
Presidential candidates, and I am specifically referring to lost U.S. 
jobs and sinking wages eroded by rising imports dwarfing U.S. exports.
  The latest Commerce Department figures show that for midsummer we had 
the highest trade deficits in over a decade. Over $11.7 billion for the 
last month. The trade deficit with Japan, up 33 percent. Car parts, 
imported cars from Japan far dwarfing our exports. Trade deficit with 
China, up 15 percent. Imported clothing, imported shoes, imported 
textiles, meaning more lost jobs in this country.
  Our dependence on oil continues to grow as we see U.S. troops being 
sent to Kuwait rather than energy resources developed here at home.
  I am glad somebody notices. The Philadelphia Inquirer from September 
8 through 22 is running an incredible series: ``America: Who Stole the 
Dream?'' Please read it. People in America somewhere are noticing, even 
if the Presidential candidates are not.

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