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Senate Proceeding on Jun 9th, 2011 :: 2:54:55 to 3:04:50
Total video length: 10 hours 8 minutes Stream Tools: Stream Overview | Edit Time

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Sherrod Brown

2:54:51 to 2:55:11( Edit History Discussion )

Sherrod Brown: dakota also for his indulgence. i will be no more than ten minutes. i listened to senator boxer. this e.d.a. issue is really, really important for job creation. i know that when it comes to something like there's a whole array of issues that e.d.a. is involved with in job creation.

Sherrod Brown

2:54:55 to 3:04:50( Edit History Discussion )
Speech By: Sherrod Brown

Sherrod Brown

2:55:12 to 2:55:32( Edit History Discussion )

Sherrod Brown: just one of them is what e.d.a. does with ink bay tors, accelerators. i was last week in shaker heights, ohio, where there was a place called the launch house. it used to be an auto, it used to be an auto dealership. there are now 40 entrepreneurs

Sherrod Brown

2:55:33 to 2:55:54( Edit History Discussion )

Sherrod Brown: working there, and we know that investment, e.d.a. investment, public dollar investment in these incubators pays real dividends. the e.d.a. estimates a $10,000 investment creates 50 or more jobs. we're seeing that in places like shaker heights, ohio, and youngstown, athens, ohio, is the home of the national association

Sherrod Brown

2:55:55 to 2:56:15( Edit History Discussion )

Sherrod Brown: of incubators, and they know what that means. i think, mr. president, as i listened when i was in the -- when i was presiding before the senator from alaska was presiding and i was in the chair, listened to some of the debate and i was a bit amazed by it. let's remember a little bit of history in this country, that

Sherrod Brown

2:56:16 to 2:56:37( Edit History Discussion )

Sherrod Brown: when i hear my -- when i hear the talking points apparently distributed to all 47 of the republican senators all coming to the floor and blaming government regulation for every problem known to humankind, forgetting government regulation is seat belts, air bags, safe drinking water, prohibition on child labor, food and drug

Sherrod Brown

2:56:38 to 2:56:58( Edit History Discussion )

Sherrod Brown: administration so that our food is -- our food is pure and our pharmaceuticals are safe. but they just lump it all together and say get rid of all this government regulation. i think the history they need to think about is the last time they preached and preached and preached on the senate and house floor about deregulation, they were successful in deregulating

Sherrod Brown

2:56:59 to 2:57:22( Edit History Discussion )

Sherrod Brown: wall street and look what happened to that. when i hear this preachy, we've got to get rid of government regulation, let's be a little more specific. there are some regulations, to be sure, that we should do away with. when i hear them talk trillions of dollars of regulation, a lot of that is what keeps our food pure, our drinking water safe, our workplaces safe, our quality

Sherrod Brown

2:57:23 to 2:57:46( Edit History Discussion )

Sherrod Brown: of life better for the broad middle class. let's just not forget t mr. president, i want to speak for the last five or six minutes, if my remarks will be separated in the record, about something that my colleagues will be debating fairly soon i believe, and that is pending trade agreements with south korea, colombia and panama.

Sherrod Brown

2:57:47 to 2:58:09( Edit History Discussion )

Sherrod Brown: it's a bit of deja vu, as yogi bera said, deja vu all over again, the promise of new american jobs is every three or four years. time for a new trade agreement, time to promise lots and lots of new job creation, promise more exports for the united states. we heard it with agreement almost 20 years ago.

Sherrod Brown

2:58:10 to 2:58:31( Edit History Discussion )

Sherrod Brown: we therd with pntr with china in the late 1990's. we heard free trade agreement. now we're hearing it again with colombia and south korea and panama. i recall both republican and democratic administrations saying 200,000 new jobs created by nafta.

Sherrod Brown

2:58:32 to 2:58:52( Edit History Discussion )

Sherrod Brown: i heard proponents of promise a more balanced trade relationship with china, new jobs from u.s. we've seen increased exports to china but nothing like the number of -- you know, there are jobs created because of that. i acknowledge that. but nothing like the export from china of goods to the united states, which in essence is

Sherrod Brown

2:58:53 to 2:59:14( Edit History Discussion )

Sherrod Brown: outsourc states. there's a company in northwest ohio, in bryan, ohio, called the ohio art company. they make etch-a-sketch many of us played with as kids. wal-mart went to that company, the biggest retailer in the world went to that company and said we want to sell your product for less than $10 at wal-mart. you know what they did?

Sherrod Brown

2:59:15 to 2:59:36( Edit History Discussion )

Sherrod Brown: they basically shut down prod moved to china so they could sell it for under $10, costing hundreds of jobs in that northwest ohio community. what's happened with this? in 1999, before pntr, before promises about increased jobs we had a $68 billion trade deficit in goods with china.

Sherrod Brown

2:59:37 to 2:59:57( Edit History Discussion )

Sherrod Brown: last year it about $600 million or $700 million every single bring in -- we buy from china and then we sell to china. i hear this word unsustainable in this body all the time about medicare, about the -- whatever they're talking about. you can't kaoepl adding to

Sherrod Brown

2:59:58 to 3:00:18( Edit History Discussion )

Sherrod Brown: that -- keep adding to that trade deficit and think tkpwerg to have the jobs -- think we're going to have the jobs. in april alone our trade deficit was $21 million in wupbl month. when i hear this year the korean trade agreement, the president of the united states is going to submit it to congress fairly soon, i assume, depending on

Sherrod Brown

3:00:19 to 3:00:39( Edit History Discussion )

Sherrod Brown: what happens with the trade adjustment assistance, this president h -- has made this trade agreement with korea, significantly better than the last president's trade agreement with korea. the congressional budget office estimates this agreement will cost -- in addition to the jobs issue, the congressional budget office estimates this agreement will cost about $7 billion over

Sherrod Brown

3:00:40 to 3:01:00( Edit History Discussion )

Sherrod Brown: the next ten $7 billion. my conservative -- my conservative friends on the other side of the aisle are going to say how are we going to pay for this $7 billion? they want to offset cuts, they any they don't seem to want to offset spending on this trade agreement. so it's costing us $7 billion,

Sherrod Brown

3:01:01 to 3:01:21( Edit History Discussion )

Sherrod Brown: this trade agreement. so free trade, it simply is not free. the administration says this agreement is expected to support, not create, support 70,000 jobs. do the math. it's about $100,000 for every job supported, but do another piece of math, if i could ask the indulgence of the presiding officer.

Sherrod Brown

3:01:22 to 3:01:42( Edit History Discussion )

Sherrod Brown: george bush the f every billion dollar trade deficit or surplus, that translates -- these are his numbers -- translates into 13,000 jobs. when i mentioned that trade deficit with china a minute ago, ago, $21 million just a minute ago, 13,000 jobs either gained or lost if it's a budget

Sherrod Brown

3:01:43 to 3:02:03( Edit History Discussion )

Sherrod Brown: deficit -- trade deficit i mean of $21 billion. that means $21 billion at 13,000 jobs for every billion dollar loss. so you can see without belaboring this point or putting too fine a point on it, you can see that there is significant job loss from these trade agreements. the obama administration sought to address the bush

Sherrod Brown

3:02:04 to 3:02:26( Edit History Discussion )

Sherrod Brown: administration's neglect of auto -- american auto makers which the free trade agreement that the bush administration negotiated with north korea did, but i fear we haven't gone far enough. korea is the most closed automotive market in the world, to american and to other foreign autos. no manufacturer can export vehicles in significant volumes

Sherrod Brown

3:02:27 to 3:02:47( Edit History Discussion )

Sherrod Brown: into korea, not toyota, not volkswagen, not ford, not fiat. u.s. exports into korea in 2010 were 7,500 units, a country approaching perhaps 90 million people, 95 million people, exports, we sell them 7,500 cars. imports currently make up about 6% of the korean auto market, 6%

Sherrod Brown

3:02:48 to 3:03:10( Edit History Discussion )

Sherrod Brown: of cars driving around south korea are made somewhere other than south korea. that's not quite fair trade. this korean fair trade agreement doesn't get us there. the obama administration improved it but nothing like it needs to be. i caution my colleagues, a korean free trade agreement is a permanent agreement. if we pass this agreement in a

Sherrod Brown

3:03:11 to 3:03:31( Edit History Discussion )

Sherrod Brown: couple of months, what we pass establishing that formalized trade agreement with that major industrial country in east asia is a permanent relationship. it doesn't sunset, like a so-called authorization, it doesn't sunset the way many of my colleagues have recently let the trade adjustment assistance lapse for service workers or

Sherrod Brown

3:03:32 to 3:03:52( Edit History Discussion )

Sherrod Brown: workers who lose their jobs to countries we don't have a free trade agreement with. some of my colleagues insist trade adjustment assistance needs to be reauthorized in short-term little baby steps, year-by-year intervals while they press for more permanent trade intervals. here's the deal, madam president. i know you in north have shown on these trade agreements.

Sherrod Brown

3:03:53 to 3:04:13( Edit History Discussion )

Sherrod Brown: here is the deal that they want us. they want us to pass permanent trade agreements, but then they want to take care of workers just one year at a time, six months at a time, six weeks at a time the last time they reauthorized this. so this just doesn't make sense, madam president. the trade agreement with korea is significant for job growth in our country, for protecting jobs

Sherrod Brown

3:04:14 to 3:04:34( Edit History Discussion )

Sherrod Brown: in our country. there is nothing wrong with the words protecting jobs in our country. but at the same time, before we even consider that, we need to make sure we pass the free trade -- the trade adjustment assistance. we should have learned our lessons from nafta, from pntr with china, from the other trade agreements, that the promises coming from the administration, on job creation, when it comes

Sherrod Brown

3:04:35 to 3:04:52( Edit History Discussion )

Sherrod Brown: to trade agreements are mostly empty promises. madam president, i yield the floor. i thank senator thune from

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