[Congressional Record (Bound Edition), Volume 149 (2003), Part 16]
[House]
[Pages 22201-22202]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       WE NEED A NEW TRADE POLICY

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute.)
  Mr. DeFAZIO. Mr. Speaker, congratulation to President Bush on a 
perfect record: 32 straight months of job loss; 32 straight months of 
industrial manufacturing job loss and yet another record trade deficit. 
This is something that will be hard for anybody to match, the 
disastrous trade policies of this Nation.
  We are hemorrhaging $1.5 billion a day of wealth from the United 
States

[[Page 22202]]

overseas, $1 million a minute, more than 1,000 jobs a day are being 
exported. The President likes to talk about the wealth and benefits of 
exporting. Yes, there are tremendous wealth and benefits in exporting, 
particularly exporting jobs at the bidding of multi-national 
corporations who are so generous when campaign time comes around.
  Yes, they are feigning concern down there at the White House because 
they know there is an election coming and the money cannot take care of 
all the problems. So they are pretending they do not know where these 
jobs have gone and they have decided to change the flow chart at the 
Commerce Department and make one politically appointed bureaucrat 
responsible for finding out where they went and rectifying the 
situation.
  All we need now is a new trade policy.

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