[Congressional Record Volume 142, Number 137 (Saturday, September 28, 1996)]
[House]
[Page H11599]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   TOO MANY PRODUCTS AND TOO FEW JOBS

  (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, the U.S. trade deficit once again is at a 
record level. Japan is in to us for more than $60 billion. China is 
eating our clock at about $40 billion. Mexico and Canada are now 
approaching $40 billion.
  The result is, since 1991, we have lost 13 million jobs and 60 
percent of those workers today are in jobs that pay less than half of 
what they previously earned. So when some spin-master coined the term 
``downsizing,'' they were very conservative.
  The truth is, it does not take a rocket scientist, since NAFTA, GATT, 
WTO, ``GNAT'' and ``PMS,'' I say to my colleagues, America is sending 
jobs and money overseas, and in return, we get a boatload of Suzukis 
and two baseball players to be named later.
  Beam me up. What is next, folks? NAFTA II?
  Mr. Speaker, I yield back the balance of the jobs left.

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