[Congressional Record Volume 144, Number 97 (Monday, July 20, 1998)]
[House]
[Page H5865]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


[[Page H5865]]
                        AMERICA'S TRADE DEFICIT

  (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, America had a $15.7 billion record 
deficit in May. Billion. The formula says for every $1 billion in 
deficits, America loses 20,000 jobs. So in May, check the formula, 
America lost 314,000 jobs. These are not burger flippers or chicken 
skinners. These are manufacturing jobs, folks. It is getting so bad 
China today has a 34 percent tariff on most American products. After 
all this, the White House by whatever name you want to call it once 
again wants most-favored-nation trade status for China. Unbelievable.
  Who are the trade advisers at the White House, a bunch of 
proctologists, ladies and gentlemen? This is out of hand. Think about 
it. While Congress is debating campaign finance reform that was 
promulgated because of illegal Chinese contributions, the Chinese keep 
kicking our assets all the way to the bank. Beam me up. We need a 
proctologist.

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