Mr. President, I yield myself such time as I use. Mr. President, if ever there was a triumph of hope over experience, it is bringing this bill to the floor of this Senate: a new trade agreement with the background of failed trade agreement…
Mr. President, I yield myself such time as I use.
Mr. President, if ever there was a triumph of hope over experience, it is bringing this bill to the floor of this Senate: a new trade agreement with the background of failed trade agreement after failed trade agreement, lost jobs after lost jobs, higher deficits every year, believing this new chapter of the same failed book of trade strategy will produce a different result. It is unbelievable to me.
But before I begin, let me ask a question. There is a substantial lack of opportunity to ask questions on the floor because very few will attend this debate. But I was wondering whether in this trade agreement there is anything that has to do with exotic dancers or strip clubs. I wonder if anyone could respond to that.
Let me tell you the reason I ask the question----
Let me say to the Presiding Officer, it is a fair point. I have not directed questions to other Members of the Senate. I ask a rhetorical question, and perhaps the Presiding Officer, in his capacity as a Senator from New Hampshire, would respond. But I ask the question, is there anything in this trade agreement that deals with exotic dancers or strip clubs? And if any of my colleagues would like to come to the floor to respond to that today, I would be glad to hear it.
Let me tell you why I ask the question. We debated something called NAFTA on the floor of the Senate some years ago. It did not turn out very well--huge trade deficits, American jobs rushing off to Mexico. It did not turn out well at all. But now I discovered, going to the computer last night, using a Google search, that NAFTA had something in it about ``special skills.'' Let me read this to you. This is from my Google search last evening on the computer: ``Claiming a shortage of homegrown talent, strip clubs in Canada have used NAFTA to find new recruits in Mexico.''
I thought, well, that is interesting. NAFTA had something that allows strip clubs in Canada to search for dancers from Mexico? Well, I found out what that was with a little further Google search: Employment authorizations based on NAFTA agreements were available for professionals, company transferees, traders, investors, and people with special knowledge: exotic dancers, et cetera--apparently, under this ``special skills'' category. Quite remarkable, isn't it?
Did anybody know that existed in NAFTA before it was voted on? Does anybody want to claim credit, I ask rhetorically? Does anybody want to claim credit for a provision in NAFTA that allows Canadian strip clubs to recruit exotic dancers from Mexico? Oh, probably not. Probably no one wants to claim credit for that today. But, apparently, that opportunity existed in NAFTA. It sure did.
Is there anything in this trade agreement we ought to know about? Is there anything in this trade agreement that will probably persuade me to come to the floor of the Senate 5 years from now, 2 years from now, and say: Did you know about this? We probably will not learn that today, either. Let me tell you what we should learn today. Here, as shown on this chart, are our trade deficits. These are our trade deficits--year after year after year. I have always wondered what ``reeducation'' means as a term--``reeducation.'' It is quite clear to me there is no reeducation anywhere near this 50 or 60 square miles of ground because we are about, today, in the Senate to pass another trade agreement which is exactly the same kind of trade agreement that has caused a massive trade deficit year after year after year, a gathering trade debt that is dangerous to this country.
On these red lines on this chart there are no names. But I can give you some names. And I will today. These are the people who lost their jobs, the people who came home one night after work and said: ``Honey, I have been fired. I worked at my plant for 19 years. I was a good worker. I loved my job. But I got fired today. Do you know why? Oh, they are going to still make the products I made, but they are going to make them in China. They shipped my job to China because they found somebody who can do it for 30 cents an hour.''
Every one of these lines has tens of thousands--hundreds of thousands--of names of American workers who have lost their jobs.
And so in the first 4 months of this year, our trade debt is up another 20 percent. Last year it was a record. It is up another 20, 22 percent. We are headed in exactly the wrong direction.
What is the response of this Congress? What is the response of the President? Well, let's do some more of what we have been doing. This is the law of holes: Create a hole and just keep digging, according to these people.
Let me make a couple of other opening observations. This bill should not be on the floor of the Senate. It does not comport with the Constitution of the United States. I think everyone in this Chamber knows that. This is a tariff bill. My colleague from Iowa described in great detail the tariff provisions in the bill. This is a tariff bill. A tariff bill, by the U.S. Constitution, cannot originate here. It cannot. It must originate in the House of Representatives.
This bill is improperly on the floor of the Senate and I may today make a constitutional point of order. Every Senator knows it is not here in accordance with the Constitution, and yet we all put on our dark suits and come to the Chamber and vent for hours, acting as if nothing has changed, nothing is wrong, we have not read the Constitution. Tariff bills must originate in the House, not in the Senate.
So we will pass this today, I am told. I am told the votes exist to pass this failed trade agreement. And then what will happen is the House will take it up, take up their version of it, and at some point it will be sent over here to be exchanged for the version we have already completed in the Senate. The problem is, I would say to the leaders, then there will be another 20 hours under fast track, 20 hours of debate to which we are entitled. Perhaps this will not work out so well after all.
I find it interesting. I must say to the majority leader, I apologize for being irritated last night, but that irritation hasn't abated this morning. I knew what was going to happen with CAFTA. It was negotiated over a year ago. It was signed over a year ago and has never been brought to this Chamber. Why? Because they don't know if they have the votes in the House. So over a year it languished. I knew at some point they were going to try to fold it up into a tight, little package and sort of stick it through the keyhole before some kind of congressional recess. Sure enough, that is exactly what they have done. Lord knows, you don't want to have a long debate on the floor of the Senate about trade strategy.
Having, for example, a debate of 3, 4, 5 days on one of the most significant problems we face is not something the majority party wants, not something the President wants. Do an agreement. Sign it up. Wait for a year. Buy off the votes with roads, bridges and dams and perhaps some refrigerators. I don't mean ``buy up'' votes; I mean persuade people by saying we will support your project--that was not a sensitive thing to say--persuade people who would have voted against you to decide they will vote for you, if you can get 3 or 4 miles of road somewhere near the hometown. You get enough votes, and then, a year later, fit this into this little crevice before the July recess. Then all the dust settles over the Fourth of July recess, and we come back and act as if there are no trade issues.
So here we are. Some of my colleagues will speak about an issue that I care a lot about as well--sugar. This is the first step in the direction of deciding to take the sugar program apart and to devastate, particularly in our region of the country, the beet growers--beet growers in the Red River Valley of North Dakota--because they can't compete with this kind of dump-price sugar that comes from these regions. This agreement, in itself, will not ruin the sugar industry, but it is going to hurt it. It is the first step in a direction, a strategy, that will ruin the industry in which a lot of beet growers out there, working on the farm, who got up this morning hoping they could continue to make a living,
are going to be mighty concerned about where this heads. The next agreement that will come after this is the Free Trade Area of the Americas with Brazil and others. It is an ominous direction and is a disservice to the one farm program that does work in this country.
I would like to read a couple things. Most of you probably know Puff Daddy. Actually, Sean Combs is his name. He changed his name to P. Diddy. I never understood why somebody named Puff Daddy would change their name to P. Diddy. He is an artist, a musician. He also makes clothing, or at least he has someone make clothing with his name in the label.
So I held a hearing one day. We had workers, from Honduras, working in a plant in Honduras. Their job was to sew the sleeves on the shirts that were the Sean John label rather than Puff Daddy or P. Diddy. It seems to me--I am not in the shirt business--that Puff Daddy or P. Diddy might have been a better label, but they chose Sean John. So they contracted out for shirts to be produced in a plant in Honduras.
I have been there. I have watched. I have been to Honduras. I have watched people make cigars and various things. We had three employees of the plant in Honduras that makes these shirts come and testify. I invited Sean Combs to come and testify. He chose not to. Let me describe what was said at this hearing. It is directly related to signing up to a trade agreement with these kind of economies and the allegation that will be made by my colleagues that there are no labor standards that are enforceable or are enforced in these countries.
Let me read this. This was from Lydda Eli Gonzalez. In her report to us, she talks about her job. She says:
I get up at 5 a.m.--
She is a young woman--
to go to work at 6:45. I take two buses. When I get to the
factory, I have a tortilla with beans. I buy the cheapest
lunch I can, just a small piece of chicken, rice, beans and
water.
And she describes the cost of that. And then she describes her day at the factory:
My job is attaching sleeves to the shirt. There are
different styles of Sean Jean shirts, but for long-sleeved
shirts, a production line of 20 workers has to sew 190 dozens
shirts a day--that's 2,280 shirts. Management demands we
reach this goal, but it is impossible.
And she goes on:
They call us filthy names--you can't answer--like
``bitch,'' ``Maldito,'' ``donkey.'' You can't answer the
supervisors or they will fire you. It is very hot in the
factory. You are sweating all day. There is a lot of dust in
the air. I breathe it in. You go into the factory with black
hair. You come out with hair that is white or red or whatever
the color of the shirts we are working on. It is forbidden to
talk. You have to ask permission to use the bathroom. We have
to get a pass from the supervisor and give it to the guard in
front of the bathroom who also searches us before we go in.
You can go once in the morning and once in the afternoon.
Also they watch the time, and if you are gone more than three
or four minutes, they call you on the loudspeaker. Another
thing, the bathrooms are very dirty. There is almost never
any toilet paper or soap. They don't permit us to get up to
get water. If the worker next to you goes, you try to take
some advantage and see if they can bring just a bit of water
to you. You have to focus, work as fast as you can, to
complete the production goals, always under pressure.
She talks about being fired. She was one of 20 workers who were fired. All the new employees are required to take a pregnancy test. If it comes out positive, they are fired. ``Older workers suffer harassment and discrimination because the management prefers workers between 17 and 25 years old. When a woman gets to be 30, she can't work in these factories. And if she can get to work and if she is working, often she is harassed and sent to worse positions to try to make her quit.''
She says:
They search us physically when we enter the plant. If one
of us has candy, gum or lipstick, they take it away because
they think it could stain the clothing. They search them in
the bathroom.
The point is this, this young woman, with 20 others, decided they really needed to try to organize to see if they could improve their lot. And 15 of them began to organize, and they were fired. You can't organize. Workers can't get together to try to organize to negotiate with management. They are fired--out of luck, out of a job.
These countries say to us: We have labor standards. Sure they do. They have labor standards on the books, totally unenforced. This is what we are signing up to.
This was Sean Combs. You remember the stories about Kathy Gifford and others. Sean Combs, I believe, to his credit, said he did not know this contracted labor was occurring, and I believe that he quickly took action to deal with that and moved this kind of production away from that plant.
But let me ask the question: Does anybody think this is the competition for American workers that we ought to sign up for? Shouldn't we be doing trade agreements with countries that have labor standards? Shouldn't we decide, on behalf of American workers, that we care first and foremost about American workers and, second, we also care about the workers in the country with whom we are going to do a trade agreement? What does it say about us, about our value system, to suggest it doesn't matter?
This is about money. This isn't about workers. It is about companies being able to access cheap labor, working under any labor conditions, in order to boost and fatten profits.
I am well aware that there are those who take a look at those of us who don't support these trade agreements and they say: You are just a bunch of xenophobic isolationist stooges. You don't understand it. You probably don't have the capacity to understand it. We are describing a new world order. It is a global economy. Don't you get it?
I wonder when things changed in this country to decide that we should not stand up for our economic interests. When did that happen? When did it happen that it was OK to decide those who stood up for America's economic interests--that is, for the demand that when we have a trade agreement, there would be fair labor standards, fair standards with respect to the environment, that we want to keep jobs in America--when did it become fashionable to say: You're a protectionist. You don't get it. You are sort of an economic nationalist. You are one of these America-first types. Shame on you.
It seems to me the first goal of every trade agreement should be to recognize, from our standpoint, that we are interested in standing up for our economic interests, for our jobs. But that is not the case.
I would like anybody to explain to me these dramatic and deepening trade deficits--which Warren Buffett, not necessarily a shrinking violet, says is heading us toward becoming sharecroppers, and that is exactly the case--I would like anybody to explain to me how, with this background, the decision is made that we ought to do more of it. We are told over and over and over again what we are doing with this next trade agreement is we are opening foreign markets for American products. That is absolutely nonsense. Give us a break. We have been through this.
Later today, I will talk specifically about China because we did a bilateral on China. We have had a lot of trade relationships with China. The fact is, what we are doing with these trade agreements is not opening foreign markets, to any great degree, to American goods. I would love to take my time--and I have 5 hours allotted to me--to go through a debate. Others probably have different views. They believe it is fine, for example, for the country of Korea to ship us 680,000 cars a year on boats that land on the shores of the United States so American consumers can buy Korean cars. And then we only get 3,800 cars from the United States into Korea. That is fine, some people might think. I would love to debate that. Perhaps we have somebody who wants to stand up later today during my time and have a real discussion about that. I would be happy to do that. I don't need three people. I would just like one person to say: ``Boy, I like the way this is going. This sure looks good for America. And I sure like what is going to happen with China and bilateral automobile trade, and I sure like what happened in the bilateral with China by which we are allowed to charge a tariff that is one-tenth the tariff charged by the Chinese in bilateral automobile trade or I sure like the notion of what happened post-NAFTA.''
Let me do this for a moment. I think it is important for people to understand. We passed NAFTA, the North American Free Trade Agreement. When we did, we had a very slight trade surplus with Mexico and a modest deficit
with Canada. We very quickly turned a slight trade surplus with Mexico into a very large deficit, and we turned a modest deficit with Canada into a very large deficit.
The promises for NAFTA were grand promises about massive new numbers of American jobs and so on. None of that was accurate. There were those who stood on this floor and said, with respect to NAFTA: What that means is, we are going to get the product of unskilled labor coming in from Mexico. That is what that means. And so what are the three biggest imports from Mexico now? Automobiles, automobile parts, and electronics--all the product of high-skilled labor. They were all wrong. No one, of course, will stand on the floor and say: I admit that. But they have all been wrong. All we have seen is an exodus of American jobs. This chart is a certification to the U.S. Government of companies laying off U.S. workers due to NAFTA. We know that because they are required to certify to the Department of Labor in order for their workers to be available for trade adjustment assistance. Trade adjustment assistance is a melodic, soft-tone that says: When you fire your workers because of a trade agreement, you are able to get the Federal Government to pay your workers a little something. It is like extra unemployment.
So we know these companies have said: Because of NAFTA, we are laying off workers. We want them to be eligible for trade adjustment assistance.
Let's go down the list a bit. Fruit of the Loom. I can see the title on the book: ``When America Lost its Shorts.'' I remember the day that Fruit of the Loom announced that it was going to move its production out of this country. It was headline news, going to get rid of all the workers. Doesn't mean they are not going to make shirts and shorts any more. They are going to make them elsewhere, Mexico and China.
Levis, 15,676 workers making Levis. There is not much more all- American than Levis.
What a great American brand, Levi. Everybody likes them. I wear Levis. Levis are gone. There is not one pair made in the United States--not one. And, furthermore, the company that made Levis has certified to the Federal Government that due to NAFTA, 15,676 employees should be eligible for trade adjustment assistance. I will say that in English. It means that because we passed the NAFTA trade agreement, this company decided to get rid of 15,676 workers, and they want, under trade adjustment assistance, to be eligible to get extra money from the Federal Government.
Is there anybody in the Senate who knows the name of a worker that made Levis and lost their job? I am guessing not. I am guessing that almost every one of these 15,676 people were like every other worker in this country--proud to get up in the morning, put on some clothes, go to work, and feel as though they had a sense of self worth to provide for their family and to do a job. Some probably worked 25, 30 years for that company and did the best they could. And they had to come home and say to their spouse: ``Honey, I have lost my job. It doesn't mean they are not going to make Levis anymore. They are just going to make them in Mexico or China or Indonesia or Sri Lanka or Bangladesh--you name it. They say I make too much money.''
I have told this story repeatedly, and I will do it again even if it bores people. Huffy bicycles is the classic one. It is the easiest to understand. I believe Huffy has about 20 percent of the American marketplace. You buy them at Wal-Mart, Sears, and K-Mart. Huffy bicycles used to be made in Ohio in this country by workers who, by one account, made $11 an hour plus benefits. Huffy wrote to me and said it was more than that. So whatever it is--it could have been $15 or $18 an hour plus benefits--they made a good bicycle. They had a decal of the American flag on the front of them. They fired the workers who made Huffy bicycles. Those workers are gone. In fact, the last job they performed was to take the American flag decal from the bicycle and replace it with a decal of the globe. All Huffys are now made in China by people who work for 30 cents an hour, 7 days a week, 12 to 14 hours a day. The folks in Ohio are told they cannot compete with that. I can understand why. Should you be expected to compete with people who make 30 cents an hour?
So American workers lose their jobs. Do you think some people from Huffy Bicycle, who were proud to make them for many years, and came home to tell their families: ``I lost my job because they found somebody in another part of the world--halfway around the world--who will work 7 days a week, 12 hours a day, and they can pay them 30 cents an hour--and they can hire kids, by the way.'' Does anybody in this Chamber know the names of these people who worked for Levi's or Huffy Bicycle or Fig Newton Cookies? Does anybody know the names of the people who worked for the company called Radio Flyer, which makes little red wagons? They are gone from America.
I can stand here for an hour and talk about those kinds of issues. On this chart are the 100 largest companies certifying to the Department of Labor jobs lost due to these trade agreements. Let me tell you something else. You cannot get these numbers anymore. They are not available. Do you know why? The Department of Labor won't make them available. This chart says ``The Labor Department withheld trade reports.'' Let me quote from this article: ``The Labor Department has kept secret for more than a year, studies that supported Democratic opponents of the Bush administration's new Central American trade deal.''
There was a report paid for by public funds that documented the working conditions in CAFTA and the Central American countries of the type I just described, and, of course, that document was covered up, kept secret. The official Government document from the Department of Labor that would have provided numbers of how many jobs were lost, as a result of certifications by companies that were going to get rid of their workers--this information doesn't exist anymore either.
I have called the Secretary of Labor and said: You are collecting this data and you are choosing now not to make it public. Why? She says: I will look into it.
I placed a second call yesterday, but I have not heard back. In fact, you cannot get this information anymore. If there is bad news, cover it up, I guess. Don't let bad news out.
Madam President, let me just read for a moment from something written by someone I deeply admire. I like Warren Buffet a lot. I don't know him well, but I consider him a friend. I have met him a good number of times. He is the second richest man in our country, or probably in the world. He is remarkably successful. He doesn't walk the talk or sound like somebody with billions and billions of dollars. He is just a wonderful, remarkable guy with a great spirit. He wrote a piece to the shareholders of his company, Berkshire-Hathaway, that was very interesting to me. I called Warren about his speech. He said this about the trade deficit, the current account deficit:
Large and persistent current account deficits produce an
entirely different result. As time passes and as claims
against us grow, we own less and less of what we produce.
He means that we have a trade deficit of almost $2 billion every day, 7 days a week, and it means foreign governments or foreigners have assets in the form of American dollars, American stock, and are buying American real estate. That is why you saw that China wants to buy a big oil company. They have the money to do it.
With respect to the trade deficit we have with China or the trade surplus they have with us, he says:
Should we continue to run current account deficits
comparable to those now prevailing, the net ownership of the
United States by other countries and their citizens a decade
from now will amount to roughly $11 trillion. And if foreign
investors were to earn only 5 percent on that net holding, we
would need to send a net of one-half billion dollars in
goods and services abroad every year just to service the
U.S. investments then held by foreigners.
A country that is now aspiring to be an ownership society
will not find happiness in a sharecropper society. Yet, that
is precisely where our trade policies, supported by Democrats
and Republicans alike, are taking us.
Perhaps there are some in this Chamber who think this is not the case, that these trade policies are just wonderful, that this red ink is just another innocent color, that these trade agreements have really worked well for America. That is probably because nobody in this Chamber has ever lost their job to
a bad trade agreement. No journalist has either, for that matter.
We have an interesting situation in this country. We have now, for about the last 30 years, seen a dramatic change in the economies of our country and others. It is described as a global economy. It has galloped forward in a very aggressive way, but the rules have not kept pace. So the largest international corporations--many of them American--have defined the new economy in their own image. They want to produce where it is cheap and sell into our marketplace. They want to be able to produce, for example, in China and Indonesia and Bangladesh and Sri Lanka and be able to sell that product to Des Moines, IA; Fargo, ND; Denver; Chicago; or Los Angeles. That is quite a strategy about fattening profits: Produce where it is cheap, where you can hire kids, where you can build a factory and not worry about having a safe workplace, where you can dump chemicals into the air and water, and especially where you can decide if your workers want to form a union, you can fire them just like that. If you produce there, you can produce for pennies, take that product and sell it into the established marketplace in the United States, and you can fatten your profits. Pretty good deal--if you are one of the companies who wants to do it.
But the rules for this globalized economy have not kept pace at all. There have been virtually no rules. Everyone in this Chamber knows that we have signed up to trade agreements with countries that say to companies: You can fire your workers if they try to unionize. Now, that is not a comparative advantage--going back to Ricardo. Ricardo described the doctrine of comparative advantage, which says it is easier to raise sheep and produce wool in England and easier to grow grapes and produce wine in Portugal; so each should do what is in its own best interest and what it does best and then trade. So you raise sheep, you share the sheep, get the wool in England, grow the grapes and stomp the grapes and produce wine in Portugal, and the English trade their wool to Portugal, and the Portuguese send wine to the English. That is the doctrine of comparative advantage--doing what is most beneficial and efficient for each. There is no doctrine of comparative advantage when you have a country deciding they are going to have 30-cent labor because we will fire people who try to unionize because we will not enforce restrictions with respect to the requirement that you have safe workplaces. We will have cheap labor because we will let you hire 12-year-old kids, work them 12 hours a day, and pay 12 cents an hour, and we will turn the other way. That is a political advantage. That is a decision by a government to continue to repress its workers.
Our trade agreements, historically, rather than lifting others up, which we ought to do in trade agreements, have had the effect of pushing American workers down. That can work for a while, but it cannot work for a long while because, ultimately, the question is going to be this: Who is going to buy those products made with 30-cent labor in China? Will it be the people who lost their jobs in the United States? Will it perhaps be one of these hundreds of thousands of people, each just a number, but each represented by a family? Will they buy those products when they are out of a job? You may say unemployment is not so high here and many of these people have been rehired. Yes, many have-- at lower wages. That is the way this global economy has been working.
In my judgment, this does not work for our country. It is just not working. My colleague from Iowa made the point--a fair point--should we not want to lower tariffs in other countries? Absolutely. Can I remind my colleagues, and others, that we are so ham-handed and fundamentally incompetent in negotiating trade agreements, using beef as an example-- let's go back for a moment prior to the discovery of a Canadian cow that had mad cow disease in the United States. Prior to that time, we were 15 years away from a beef agreement we made with Japan in the late 1980s. Fifteen years later, after a beef agreement with Japan, a country with whom we have had a very large deficit always--and still do--there was a 50-percent tariff on every pound of American beef going into Japan. What a miserable failure that is. It happens to us in virtually every circumstance.
I will mention one additional thing. Our trade negotiators do such a terrible job on behalf of this country. I assume they do it on behalf of whoever sends them out with instructions. Let me ask, if during the discussion today--and we will be here for some hours--I would like one Senator--if we can find somebody who knows the answer to this--to tell me, in the bilateral trade agreement with China, a country with whom we have a giant trade deficit, an alarming and dangerous trade deficit, how it is justified that China shall impose a 25-percent tariff on any U.S. automobiles we sell in China, and we will impose a 2.5-percent tariff on Chinese automobiles sold in the United States?
How is it that we have a bilateral agreement that imposes a tariff 10 times higher on U.S. cars that we sell in China than Chinese cars sold in the United States? I want one person--I have asked this question for years--I want one person to tell me how that happened because the Chinese are now gearing up an automobile export industry. In fact, General Motors has gone to court to sue the Chinese because they say the Chinese have stolen the entire production line blueprints for a car called the QQ. General Motors said they stole the production line blueprints of a General Motors car. This company is called Chery, C-H- E-R-Y, which is interesting; it is one letter away from Chevy, C-H-E-V- Y. This Chinese company called Chery is producing a QQ car that General Motors says is the stolen production line blueprints of a car they have. They are doing that, and all the press says they are gearing up for a substantial Chinese automobile export market.
Guess what. When they do that, they will find a very friendly tariff in our country that is one-tenth the tariff that now exists in China by virtue of acceptance of a trade agreement we have with China. It is unbelievable to me, the incompetence of having that sort of thing happen.
I will not go on at length. We do not make any automobiles in North Dakota, so I am not representing the automobile manufacturers. I am just telling my colleagues that it does not matter whether it is automobiles or textiles or farm products.
My colleague from Iowa cares a lot, I am sure, about agricultural products. We work together on a lot of agricultural issues. I know he cares a lot about family farmers. Interestingly enough, when we did the bilateral agreement with China, we had a provision in that agreement about the number of million metric tons of wheat that China would be expected to allow in duty free. Right after that was done, of course, the Chinese Agriculture Minister went down to the southern part of China and said to the South Asia Post: ``That doesn't mean anything; that doesn't mean we are actually going to import that wheat from America. That is just something in writing.'' Indeed, they have not. When will we understand that promises not kept are not promises at all?
I suppose you can make a case to hook up in a trade agreement with almost any region in the world. Somebody said to me: How on Earth can you suggest these small countries would threaten our country? I am not suggesting that. I am just saying when you are doing something wrong, stop doing it, change it, and do it right. That is not rocket science.
This trade agreement, with its pathetic provisions dealing with labor and its pathetic provisions protecting the environment, is exactly the same as all the other trade agreements. You can say the environmental provisions do not matter. Don't they really? We inhabit this Earth. There are 6 billion of us. We have 6 billion neighbors on this little planet called Earth. We circle the Sun. Somehow we end up here in the United States--just in this place--and there is no place like it on the face of the Earth. We are living in a fishbowl. We can clean up our part of the fishbowl, but if somebody on the other side is pumping in sludge, we are all breathing it. So environmental standards and labor standards matter a lot.
This trade agreement is exactly like the others. It hooks up the countries--and I already read the description--
that do not enforce their standards at all. Second, it decides we will have another loophole by which you can transship goods through these countries into the United States.
One of my colleagues said to me: So what, it is coming in anyway from China. So what? The fact is, if anybody in this Chamber were one of these statistics--and there are about 200,000 of them on this sheet--if anyone in this Chamber were one of these statistics, nobody would say ``so what.''
``So what'' is we are losing jobs in this country. There is no social program we work on in this Chamber that is as important as a good job that pays well and allows people to take care of their families. There is no social program as good as that. I am telling you, in case after case, we are seeing good jobs leaving our country because others will do them for less under conditions we would never accept in this country.
I have said many times that we had people die in the streets of this country fighting to organize as workers. People were literally killed in the streets of America for that purpose. We had people who went to the streets for America demanding the opportunity to work in a safe workplace. We have been through this for a century, describing the conditions of production in this country that were fair. And in a moment, some companies can pole-vault over all those impediments and say: I don't like them, never liked them; they represent regulations, they represent things we don't support, and we are going to move our jobs to China; and by the way, when we get there, we don't have to worry about unions, we can fire them if they try to unionize, and if we don't fire them, the Chinese Government will take care of them.
What is happening is wrong. I am not saying we should build walls around our country. I am not saying we should retreat from the global economy. I am saying we ought to recognize there has to be a set of fair rules to represent this country's economic interest. If we do not have that set of fair rules, then we cannot possibly succeed.
Some say the Americans can compete anywhere, we can win anywhere. We can compete if the rules are fair. But post-Second World War, in the last 50 years, some very shrewd economic competitors have developed in this world.
These trade deficits I have shown describe a circumstance in which we cannot compete with one arm tied behind our back. We cannot compete if it is unfair. We cannot ask American families to decide if $10- or $15- an-hour wages is something of which they should be ashamed because it is so much more than would be paid to workers hired in Bangladesh or China. We cannot do that to American workers without in the longer term dramatically changing the standard of living in this country.
Others will say: You are talking about manufacturing. You should understand that we are going to create new jobs; we are creating new jobs. Take a look at what is happening with software engineers, with white-collar jobs. Pick up the New York Times from last week on IBM and then go to India and go to China and find out what kind of jobs are coming in addition to factory jobs. It is not just factory workers. It is white-collar jobs. It is engineers.
Every young person in this country who is in earshot of this debate should understand their future is going to be affected by what we are doing. Their opportunity for good jobs will be affected by what we are doing.
I, obviously, have additional comments and additional time in which to do it later today. We have colleagues who have been waiting. I apologize for taking as much time as I did. This is a very important issue. I regret very much that we are doing it this way, just sticking it in a little keyhole crack between now and when we get out of here for the July Fourth week. I knew this was going to happen. One year ago, this bill got done. We did not hear about it for a year. I knew one day we would find it stuck in a little keyhole, hoping we would not have a real debate about trade on the floor of the Senate.
I guess now we are on autopilot. They are going to finish this maybe late tonight, and they have accomplished their purpose, but they have done America no service. It is no service to America to avoid facing straight in the eye a serious problem facing this country.
Once again, to all those listening who call this protectionism, you are just wrong. This is not about protecting in the sense of being a protectionist and wanting to build walls around our country. It is about standing up for American interests. It is about trade agreements that should be mutually beneficial, not one-way trade agreements, and it is about finally suggesting that we be hardheaded and make trade agreements economic policies, not softheaded foreign policy down at the State Department.
I could talk later about, for example, it is recommended we take action against China on this and that for trade, but the State Department says: You can't do that; that is all foreign policy. So our country walks around half hunched over worried about lost jobs and not willing to talk about it. And what do we do? We negotiate another trade agreement of the same type. Is anybody thinking? Let's hope through this debate perhaps we can begin to think through some of these issues and turn a corner.
Let me also say it was probably impolitic of me at the start of this discussion to ask about exotic dancers in strip clubs. I will ask again just because it probably is impolitic if there is anything in this trade agreement about exotic dancers in strip clubs. The reason I ask is because in the NAFTA agreement that passed the Congress, according to what I have found doing a Google search, Canadian strip clubs have used NAFTA to find dancers from Mexico under the extended visas and employment applications in NAFTA--exotic dancers were part of the provision dealing with special skills. I am just guessing that there is no one in the Chamber of the Senate who voted on NAFTA who would have guessed it would have application to exotic dancers having special skills. Maybe I am wrong.
I ask the question: Is there anything in this trade agreement that we should know about that perhaps I will come to the floor of the Senate and talk about several years from now, such as this?
The point I am making is, most people do not understand what is in these trade agreements. They do not understand the circumstances and the consequences of the trade agreements. All we hear is just more tired-sounding platitudes about reducing tariffs.
By the way, when we passed NAFTA, as my colleagues know, NAFTA reevaluated the peso, meaning it obliterated everything under NAFTA with respect to tariffs almost immediately.
I will cover additional material at a later point today. I yield the floor.
Mr. President, might we at this point find out what time remains of the three allocations of time on this bill? You can proceed with the unanimous consent and then perhaps give us the time remaining.
I thank the Presiding Officer.
As to the question is all this a good thing, has it strengthened our country, or is this just gloom and doom by those who oppose the current trade strategy, my colleague is quite right, this is not a strategy that is just the George W. Bush strategy. This strategy has developed over about 25 years, although I must say that this administration is the most helpful to corporate interests that I have seen. But it is not just a strategy of the last year or two.
But it is hard--very hard--to take a look at these devastatingly dangerous trade deficits that get worse and worse and worse, and then hear some people say it is getting better and better and better for us. It is, of course, not getting better for us.
Ronald Reagan used to tell that old story about the young boy who would look at the pile of manure and insist there must be a Shetland pony someplace. The fact is, there is no Shetland pony here. This is bad news. And the quicker we decide to confront it, look it square in the eye and decide as a country to do something about it, the better for our country.
The question is about freedom. I agree with that. It is about freedom, freedom for the American consumer, also freedom for American workers to be able to reasonably expect in this great country they will be able to find a decent job that pays well with benefits. That is freedom that is important as well.
When American workers are told on a Monday or a Friday--most characteristically a Friday--by Maytag or by Levi's or by Fruit of the Loom or by Fig Newton cookies or by Huffy bicycles or by Schwinn--and I could go on--that their job no longer exists because their employer has the freedom to get rid of them and hire somebody for 30 cents an hour-- that is freedom. Yes, that is freedom.
What does it do to the country we built? This country was built on a debate in this Chamber about a wide range of critically important issues: Should you have the right to organize as workers? Should you have the right to expect to be able to work in a safe workplace? Should you have child labor laws? Should you prevent dumping pollution into the skies and the streams of this country and this world? We fought that battle for 100 years.
Now those who want to avoid those onerous restrictions pole vault over all of them and say: My jobs are going to China. And you American workers? Sayonara. See you later. Goodbye. So long. It doesn't matter. You were just tools. You were like a wrench or a pair of pliers, ready to be thrown away when we were done with you.
I have a lot to talk about this afternoon and a fair amount of time in which to do it. I yield to my colleague from Colorado, Senator Salazar, 15 minutes.
Mr. President, I compliment my colleague from Colorado. These have not been easy issues for him. I appreciate his position and understand it fully. I think he has represented that position well in the comments he offered today. We share--perhaps in some cases for different reasons--a feeling that this trade agreement is not a good one for our country.
I yield 10 minutes to my colleague from Michigan, Senator Stabenow.
Mr. President, I yield such time as I may consume from my allocation.
There has been some discussion today about the U.S. International Trade Commission report on the CAFTA agreement. One of the complaints although not stated directly, is that this is an independent agency. Funny thing, independent agencies seem to be the most reliable agencies, at least, they are around this town. We do not get material from them that is colored one way or the other. It is an independent analysis.
This probably is the most devastating critique of CAFTA. We have all of these people who load up their saddlebags and rush to the floor of the Senate telling us how wonderful this is going to be. They pull out all the goodies and say how terrific this trade agreement is for America. The problem is it is at odds with the independent analysis from the U.S. International Trade Commission.
They say effects of tariff removal under this agreement are likely to result in virtually no benefit to our country. They say there will be little or no benefit to U.S. consumers. It says little or no change in U.S. production in distinct industry sectors, with one exception; the largest decrease in production is for manufactured sugar and sugar crops, of which the output of both will decrease.
Then it says this will increase our trade deficit by $100 million. I don't know, maybe it is confusing to throw facts into this discussion about theology and economics and trade and all the things that are going on here. But here is a set of facts that is pretty hard for people to refute. They say, I have heard: ``You have to read the entire ITC report.'' I don't know, maybe so. I have looked at this report. I am reading the summary and the sector results, and it says if we sign on to this trade agreement, there is really no benefit to American consumers, virtually no benefit to American consumers, but a detriment to sugar producers and an increase in the trade deficit by $100 million.
I went to a really small school, but I learned in a small school that this would add up to a net deficit for our country. I do not understand how someone looks at this and says: ``All right, I have looked at this. It says this is bad for our country, but I think it is good for our country. And the problem is this is an independent agency.''
That is a problem having an independent analysis on issues such as this that take off the rosy glasses and say: Look, here is what you are dealing with.
Let me put a few charts up to show a few of the facts. I have said many times that everyone is entitled to their own opinion on this floor, but not everybody is entitled to their own set of facts. Facts are stubborn things. Let's talk about them.
Since NAFTA began in 1994--that is the North American Free Trade Agreement--that is when we hooked Mexico and Canada with our trade. At that point, we had a slight trade surplus with Mexico. We have been able to ratchet that up to a huge deficit through this trade agreement. We had a modest trade deficit with Canada, and that has now become a huge trade deficit through this agreement.
We have lost about 71,000 family farms. We have had a drop in agricultural trade surplus with Mexico and Canada by 71 percent. There have been 900,000 manufacturing jobs lost. There has been a drop in net farm income of 22 percent.
I have told my colleagues, and I will tell them again, one day I drove to the Canadian border with a farmer named Earl Jensen. We got up to that border with a 12-year-old orange truck. This little old orange truck had about 150 bushels of durum wheat on it. So in an old orange truck, we pull up to the Canadian border. All the way to the United States-Canadian border, we had been meeting trucks hauling Canadian wheat into our country at secret prices which had been set by the Canadian Wheat Board, a sanctioned state monopoly in Canada that would be illegal in our country. All the way to our border we met these 18 wheelers hauling Canadian grain into our country.
Earl Jensen and I, with our little orange truck, get to the border, and they would not let us through. You cannot take American durum into Canada. It was not just us with the orange truck. There was a woman from Bowman, ND, who married a Canadian. She went to Canada for Thanksgiving. She got some wheat, put it in a paper sack and put it in the car because she wanted to use that to grind up and produce whole wheat bread. ``You cannot do that,'' they said, when she got to the border. ``You have to dump out that sack of wheat.'' At the same time, we were flooded with Canadian durum coming into our country.
Fair trade? Of course not. It is absurdly unfair. Nobody is willing to do a thing about it. It all came about because of NAFTA. We had a written agreement from Clayton Yeutter, who said representations of good faith in NAFTA are there will not be a substantial increase of grain trade across the border. In fact, that happened immediately by the Canadian Wheat Board--as I said, a sanctioned monopoly that would be illegal in this country--shipping into this country at secret prices a massive quantity of grain, taking money right out of the pockets of American farmers.
Earl Jensen can probably be excused, at the Canadian border stop that afternoon, wondering how on Earth our Government policy allows Canadian grain to flood into our marketplace, and he and I cannot drive a 12- year-old orange truck into Canada with just a small amount of U.S. wheat.
The answer is quite simple. These trade agreements are incompetently negotiated, No. 1, and, No. 2, they are not enforced. That is where we are. That is what has happened since NAFTA. All bad news: A drop in the trade surplus in agricultural goods with Mexico and Canada; massive lost jobs in agriculture; 71,000 family farms lost.
But it is not all bad news. It is bad news for the little guy. Corporate agribusiness profits are up 175 percent. Pretty good for them. The trade deficit with Mexico and Canada increased 266 percent. There is $4.3 billion in agricultural trade deficits with these two countries.
The point is not everybody lost. You see, the corporate agribusiness profits went up when we lost farms and jobs. The little bee sucks the blossom, the big bee gets the honey; the little guy picks the cotton, the big guy gets the money. Bob Wills & His Texas Playboys sang that 70 years ago and it still applies today and it applies in these trade agreements.
The U.S. Government estimates that CAFTA will increase the trade deficit by $100 million. That is the ITC report I just described.
I don't know how anyone can come to the floor of the Senate and say: I have my own set of glasses. I haven't cleaned them for a long time, but when I look through these glasses, I see nothing but nirvana, nothing but good news, when, in fact, no matter what glasses you wear around here, here is the ITC report which says this trade agreement we are about to sign onto will increase this country's deficit.
This trade agreement, of course, is one more bit of the circular economic winds. This chart shows CAFTA will
allow transshipment of foreign textiles through Central American markets from China, from Canada, down through the CAFTA countries into the United States.
Somebody said today to me: ``So what. It happens anyway.'' Are we all giving up on helping American jobs remain viable? I don't understand that.
Let me talk for a moment about sugar. There has been a lot of discussion about sugar. Sugar is an interesting commodity. I happen to like sugar. We produce sugar beets in the Red River Valley. All of us can be excused for liking something quite as wonderful as sugar. It, in fact, is organic. You plant a beet in the ground, watch that green stuff come up, and then see the growth and then pull that beet out of the ground during the beet harvest, run it through a plant, slice it, dice it, squash it, and get the juice out of it. It doesn't smell so hot in that plant when they are processing it, but pretty soon you have sugar, and most sugar in this world is traded country to country on long-term contracts. That is the way most sugar is traded in the world, country to country, in long-term contracts.
The sugar that is outside of that, the sugar that is left over or in surplus is what is called dump sugar. It moves around the world at very low prices, just pennies a pound, very low prices. That is what our colleagues who know nothing about sugar, except the taste, come to the floor and lecture us about: ``Well, the world price of sugar is a nickel or 6 cents.'' Sorry, that is not the world price, that is the dump price for sugar. You cannot raise sugar for that. You cannot grow sugar beets for that. Most of the sugar is traded at higher prices than that on long-term contracts.
We have a sugar industry in this country, and we have a sugar program in this country. Some do not like it, especially those who produce candy bars do not like it. The last time we had a debate on the floor of the Senate about sugar, I held up a Baby Ruth candy bar and read the ingredients. Oh, man, it is a long bunch of ingredients. Most of the things in candy bars you cannot pronounce. But there is a lot of sugar in candy bars, and that is what the debate has been about regarding the sugar program.
Those who use sugar for their confections and candy bars do not want a sugar program; they want to buy dump sugar. The sugar program has been a good program to help stabilize prices in the country, yes, for producers and consumers. We have had times when sugar spiked way up, and then sugar prices came back down. Did you see a change in the cost of a can of pop or soda, a can of Coca-Cola, Pepsi, or Sprite? Did you ever see their prices come down when the price of sugar came down from a high spike? No, it didn't happen.
This sugar debate has always been about those who use a lot of sugar in candy, soft drinks, and so on. They want to buy dump sugar at dump prices, and they would like to get rid of the sugar program.
This sugar program is one part of the farm program that has worked consistently to provide consistent stability of income for American farmers. Yet a relentless urge in this Chamber is to take apart the one part of the farm program that has worked.
Let me talk about sugar and this trade agreement. This trade agreement provides an opportunity for the movement of additional foreign sugar from the CAFTA countries into our country. We know they can produce sugar dirt cheap in some of these CAFTA countries. We know when we turn to the next trade agreement under the Free Trade Area of the Americas, they can probably produce it less expensively in Brazil and massive quantities of it. If we are going to be the recipients of dump sugar and be like a cork on the waves of the price of sugar, we will be subjected to the price spikes up high and then sometimes cheaper sugar.
The fact is we will also destroy the current sugar producers in this country. In the Red River Valley of North Dakota and Minnesota, we have sugar beet growers. They go out in the morning and plow the fields, tend the crops, plant these beets. They are good people. They have a farm program that works called the sugar program. This is the first step in the direction of taking that sugar program apart, much to the glee of some because they never liked it. This is the first step of several steps because the next step in the Free Trade Area of the Americas will be the giant step.
It is very interesting when you listen to these discussions about sugar. The Agriculture Secretary says this will increase sugar imports by about 1\1/2\ teaspoons of sugar a week for every one of our nearly 300 million citizens. That is an interesting way to look at it. Another way to look at it would be that CAFTA will let in enough sugar to fill 5,389 semi-trucks. This is just the first step in the wrong direction.
This is just the first step in the wrong direction for trade. Through trade initiatives, we have done a lot of damage to our economy--good jobs leaving, jobs that pay well leaving, huge increased deficits. That means that it is the Chinese, it is the Japanese, the Europeans, the Mexicans, the Canadians who hold American dollars, American stock, American real estate in exchange for the trade deficit we have which grows by $2 billion-a-day--every day, 7 days a week.
I said this morning that Warren Buffett describes this as heading toward share cropper days because others in other parts of the world will own an increasing part of America. Piece by piece, day by day, they are buying part of our country.
I finish with the sugar program to say this: I am not bashful at all about supporting our economic interests in this country. I am just a little sick and tired of people who are so quick to negotiate away our economic interests. Every trade agreement we have seen in recent years has negotiated away the economic interests of our country. I believe trade agreements are beneficial if they become trade agreements that bestow mutual benefits on the trading partners, but that has not been the case.
Can anyone in this Chamber honestly look at the United States, Canada, and Mexico, the three countries combined, united in a trade agreement called NAFTA, and describe a manner in which this country won? Can anyone describe that honestly? They cannot. In each case, we ended up with a much larger trade deficit, and that trade deficit is a measurement of substantially greater imports into this country than exports from this country.
It also means, then, that we lost jobs, lots and lots of jobs. No one wearing their Senate blue suit ever lost his or her job as a result of this trade agreement. It is just other folks who lost their jobs, people who loved their jobs, worked hard at their jobs, cared about their jobs, often worked for 20, 25, 30 years, only to find out one Friday their job was over because we negotiated trade agreements that moved American jobs elsewhere.
When do we stop that? How much evidence does one need to decide it ought to stop, especially with respect to the issue of the sugar program and the sugar trade with Central America? Let us just instantly understand they can produce sugar much less expensively than we can, and I am going to go through some things and talk about the circumstances of labor in Central America and describe why they can produce sugar less expensively than we can. But they cannot produce a living wage for their workers in Central America. So let me go through some of those and connect it to the sugar program among other things.
Under the labor laws in El Salvador and Nicaragua, it is legal to fire workers who belong to a union. In Honduras, it is legal to fire workers who say they intend to organize. In Nicaragua, it is legal to prohibit strikes without government permission. Our country wants to sign up to a trade partnership in which our workers should compete with countries with those labor standards? Are we thinking clearly here? Who wants to do that? Does that not by its very definition denigrate standards in this country? I believe it does.
This is a chart that shows something about El Salvador. This was published some while ago:
Jesus Franco, 14, has scars crisscrossing his legs from his
ankles to his thighs and more on his small hands. For more
than half of his young life, he's spent long days cutting
sugarcane. He has the machete scars to prove it and so do his
four brothers and sisters, age 9 to 19, all of whom work in
the sweltering cane fields of El Salvador.
Jesus' story is repeated countless times across Latin
America where children even
younger than he is are found working in cane fields at
subsistence wages. More than 17 million children between the
ages of 5 and 14 are working in that region.
Sugarcane workers, including children, use machetes to cut
the hard, sharp stalks of thickly planted fields where there
is little room to maneuver. Children and family members said
cuts requiring stitches are common in the fields and many
more children suffer burns from the caustic fertilizer they
spread by hand.
Thirty-three percent of the sugarcane workers in the fields of El Salvador are under the age of 18. Many children in El Salvador start working in sugarcane fields between the ages of 10 and 13, and the number of children between the ages of 5 and 14 working in Central America is 17 million.
This is a young boy working in a sugarcane field in Central America. This is a picture of the living conditions for sugarcane workers in Guatemala. This is a picture of the type of injuries which children and adult workers sustain while cutting sugarcane. This photo is from Human Rights Watch.
I do not know how much more evidence is necessary to understand what we are trying to do. The majority who believe in this trade agreement are trying to hook this country into a competition with other countries that have decided they can fire workers who want to unionize, that have decided even if they have labor rules they do not need to enforce them, that have decided it is okay to have 9-, 10-, and 12-year-olds in the cane fields hacking away with machetes, and those are the conditions under which we compete. That is what the majority, many in this Chamber, will say when they vote for this trade agreement. They have said it before repeatedly with trade agreements, and they are going to say it again today. In the face of all evidence to the contrary, they are going to say it again today. It is unbelievable to me.
So last evening, when I got a little cranky and objected to unanimous consent requests and was walking around a little upset, I was upset because of this. This trade agreement, the Central American Free Trade Agreement, was negotiated over 1 year ago. It was not brought to the Senate floor, not brought to the floor of the House, not brought to the Congress at all. Do my colleagues know why? Because they did not think they had the votes in the House of Representatives. But I knew some day the President and the majority would say, ``We are going to vote on CAFTA,'' and they would wedge it in right in that little corner, right in that crevasse before we go home for a break.
Next week, we are not in session. There is a Fourth of July break. Sure enough, last night, that is exactly what the majority leader did. I am sure White House instructions were to get this done.
It has been over a year. We think we now have purchased enough votes, we have given up roads and bridges and dams, and we have enough people who are willing now to vote for this. So we are going to have this discussion, we are going to have it now, and it is going to be done before we go home for the Fourth of July recess, and we are not going to have a 2-day or 3-day discussion about real things that matter a lot.
We are going to have a discussion about flag burning, I guess, I am told probably in the month of July. The flag is very important in this country. It is a symbol of America's patriotism and freedom. I would not ever make light of that, but I would say this: As disgusting as it is, and it is disgusting to see anybody desecrate an American flag, one might well be hard-pressed to find someone who has burned an American flag. Look at the label. It might well be made in China because much of our textiles come from China these days. The people who used to make those textiles--shirts and trousers and, yes, flags--used to be American workers, but now they are foreign. They are gone because we have a trade strategy that says we want American workers to compete with workers in China, Sri Lanka, Bangladesh, and Indonesia. Those workers will work pretty inexpensively. Those are workers who can work 7 days a week, and we can ask them to work 12 hours a day. We can pay them 30 cents an hour and that will be just fine, and American workers cannot compete with that--that is tough luck.
I happen to think that what we have built on this little planet called Earth, the only spot on Earth that is the United States of America, is extraordinary. One of the reasons it is extraordinary is we had the guts as a country, all of us did, both parties and people marching in the streets, to do what was right. We said there is a right way to do things and a wrong way to do things. One has capital, labor, and all of these things that come together to produce. Both have rights, both ought to be protected, and so people chained themselves to the White House fence, people died in the streets of Detroit, people manifested a belief and a passion that workers have the right to organize, they have a right to work in a safe work plant, they ought to have child labor laws, and companies ought not be able to dump their sewage and chemicals into the streams and into the air. We made a lot of progress doing that, so we have a better country because of it. We use much more energy now than we did 25 years ago, and we have a cleaner country.
All of those things we have done to make this a better place in which to live, to allow jobs to be available that allow workers to provide for their families, are now being considered largely irrelevant because one does not have to bother with those things in production here at home. They can just produce elsewhere, and workers can be treated like a pair of pliers or a wrench: When you are done with it, just throw it away, just get rid of it, just leave it somewhere else. Do not worry about it because you can find another one 8,000 miles away. You can transfer the capital immediately, you can transfer the technology immediately and combine the capital and the technology with somebody who will work for 30 cents an hour. Do not worry about the consequences for the American workforce because if one is an international corporation interested in shareholder profits, they do not have to say the Pledge of Allegiance. So do not worry about that.
Those are the values we ought to be talking about when we talk about these trade agreements, values long forgotten, in my judgment, during these debates, values that no one wants to discuss much. That is why we are here for 1 day on the Senate floor on an issue this important, just wedging it right in between now and the Fourth of July recess.
As I close, I ask my colleagues to look at this one more time. This is a trade deficit chart that tracks the loss of American jobs and tracks the selling of America to foreign interests. Every single day, $2 billion of American cash, American assets, American real estate, ends up in the hands of foreign interests. It is what Warren Buffett means when he says that we as a country are headed toward a share cropper future. I defy anyone in the Senate to come to the floor and tell me this is moving in the right direction, tell me this is good news.
This is a disaster. This is dangerous for our country. This is evidence of a Congress that refuses to stand up, that does not have the backbone, the will, and the strength to stand up for this country's interests and is not willing to stand up and say: ``I want to protect America's interests.'' Why will they not say that? Because they are worried that somebody is going to call them protectionists. Well, sign me up, for God's sake. My interest in putting on a suit in the morning and coming to work is to protect the economic interests of this country. Yes, I think we have a global economy and, yes, I think trade can be beneficial, but if trade agreements are not mutually beneficial, then this country has no business signing up to trade agreements that cost this country jobs and economic strength and cost us an opportunity for a better future.
I will have more to say about a range of these issues later this afternoon, but I hope we will continue to hear from colleagues about the underlying premise of this set of failures and how we can turn it around. How do we turn it around? Every kid in this country who is now in school is going to have a future that is injured by this strategy unless we turn it around. Only we can do that. There is no one better able to do it than us, but we have to have the will to do it. I hope that perhaps at the end of the day, when we finally vote, we will find a will to quit moving in this direction and stand up for the economic interests of this country.
I yield the floor.
Might I inquire of the Senator from Idaho, my intention was to yield 10 minutes to the Senator from Idaho off our time. Is that the Senator's intention as well?
I yield 10 minutes to the Senator from Idaho.