Metavid

Video archive of the US Congress

Senate Proceeding on Jun 15th, 2011 :: 7:50:25 to 8:05:20
Total video length: 9 hours 2 minutes Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Download OptionsEmbed Video

Views:77 Duration: 0:14:55 Discussion

Previous speech:

Sherrod Brown

7:50:15 to 7:50:36( Edit History Discussion )

Sherrod Brown: forgotten about the devastating effects of our ballooning trade deficit. how much bigger does our trade deficit need to get before washington wakes up and realizes we need a very different direction in trade? let's put american workers and american businesses first, for a change. let's focus on enforcing existing trade laws and help

Sherrod Brown

7:50:25 to 8:05:20( Edit History Discussion )
Speech By: Sherrod Brown

Sherrod Brown

7:50:37 to 7:50:57( Edit History Discussion )

Sherrod Brown: workers retrain for new jobs. let's not pursue the more of the same style of trade agreements that have wreaked havoc on our economy. that's really what the debate over the korea trade agreement and the panama and the colombia free trade agreements -- that's what the debate is all about. two weeks ago senator casey and

Sherrod Brown

7:50:58 to 7:51:19( Edit History Discussion )

Sherrod Brown: i led a letter of 43 senators sewned by the senator -- signed by the senator, the presiding officer officer, the senator from rhode island -- led a letter of 43 senators to the president affirming his decision to pass trade assistance adjustment before proceeding to the draid agreements with colombia, panama, and south korea.

Sherrod Brown

7:51:20 to 7:51:40( Edit History Discussion )

Sherrod Brown: our position on t.a.a. has been consistent since we asked unanimous consent to pass t.a.a. in late-2010. we need a long-term reauthorization regardless of what we do on this free trade agreements. senator casey and i stood on this floor time after time, starting in december, into january, into february asking our colleagues -- all of our

Sherrod Brown

7:51:41 to 7:52:02( Edit History Discussion )

Sherrod Brown: colleagues -- to reauthorize, to extend trade adjustment assistance to those workers who lose their jobs through no doing of their own. they lose their jobs because of trade agreements that this congress has passed and because of a trade policy that this administration and congress have followed. we're likely face ago situation in which t.a.a. is unfortunately

Sherrod Brown

7:52:03 to 7:52:23( Edit History Discussion )

Sherrod Brown: being linked with the free trade agreements. if and when a deal is reached, we will examine both its contents and the process in moving it f when it comes to american workers, we want to at least have a five-year reauthorization of f.a., one that includes the 2009 reforms and provides for

Sherrod Brown

7:52:24 to 7:52:46( Edit History Discussion )

Sherrod Brown: 80% health coverage tax credit. mr. president, over -- time and time again our republican members stood up and said they object -- each time he objects to our moving forward to help american workers. how -- how -- i just don't understand, mr. president, how people want to pass these trade agreements knowing that workers will be dislocated, people will

Sherrod Brown

7:52:47 to 7:53:09( Edit History Discussion )

Sherrod Brown: lose jobs, plants will close down, people will lose jobs, communities will be dea medvedev stated because of what -- devastated because of what actions this body takes, trade agreemented, if they say, no, we don't want to do anything to help those workers. we continue -- that's why, mr. president, we believe that t.a.a. should be separate from the free trade agreements. i ask my colleagues, especially

Sherrod Brown

7:53:10 to 7:53:30( Edit History Discussion )

Sherrod Brown: those who call the free trade agreements with korea and panama and colombia, the same people that called nafta and cafta and pntr with china, call these kinds of actions -- how they can say they're job creators. if that's the case, what sort of message does it send about these trade agreements if they must be

Sherrod Brown

7:53:31 to 7:53:52( Edit History Discussion )

Sherrod Brown: linked to aassistance for displaced workers? so they're saying the only way they want to do t.a.a. is to connect it to korea or connect it to colombia or connect it to panama. they're acknowledging when you pass these tra it's costing us jobs. why would we do that? because of that, senator casecy

Sherrod Brown

7:53:53 to 7:54:14( Edit History Discussion )

Sherrod Brown: and want a clean vote on and want to work to shake this package. on the korea trade agreement i have two concerns. first is jobs. always jobs in agreements. ever since i -- ever since i've been here in the house and the senate, every time there is a trade agreement, north american free trade agreement in 1993, pntr with china, not a trade agreement but allowing china

Sherrod Brown

7:54:15 to 7:54:36( Edit History Discussion )

Sherrod Brown: into the world trade organization, 2004 or 2005 with the central american -- if i remember right -- when the central american free trade agreement passed the congress, now with korea -- they talk about all the jobs it's going to create, they tell us we're going to close our trade adjustment because -- our trade deficit beca

Sherrod Brown

7:54:37 to 7:54:57( Edit History Discussion )

Sherrod Brown: never does that happen. we had a trade surplus with mexico. today we have a $90 billion trade deficit with mexico. when china pntr passed, we had about a -- my recollection, 12 years ago we had about ads 10 billion or $12 billion trade defi now our annual trade deficit

Sherrod Brown

7:54:58 to 7:55:18( Edit History Discussion )

Sherrod Brown: with china is $273 billion last year. this year in one month it was $21 billion. so, mr. president, it's pretty clear that these trade agreements -- the promises and the reality are such different things. they don't create jobs. they don't close our trade defi yet the promises continue.

Sherrod Brown

7:55:19 to 7:55:39( Edit History Discussion )

Sherrod Brown: so my first problem with the korea free trade agreement is jobs. the i.t.c. -- the international trade commission predicts that it will increase the trade deficit especially in met tail and iron and textiles and apparel. while th facing extreme challenges -- well, clearly when president

Sherrod Brown

7:55:40 to 7:56:00( Edit History Discussion )

Sherrod Brown: obama took office we were losing 700,000 jobs a month, in january/february of 2009. the last 14 amongsts job growth. we've seen manufacturing job growth. the last thing we do when the economy is facing extreme challenges, the last thing we should disco pass a trade agreement of this magnitude with

Sherrod Brown

7:56:01 to 7:56:22( Edit History Discussion )

Sherrod Brown: its short-term and effects on jofns the administration finally we have an administration that's being a little more truthful when it it comes to promises about trade agreements. as i said, during the nafta time president bush. first president clinton said it will provide all these jobs. 200,000 gorks i think one of them but this time at least the

Sherrod Brown

7:56:23 to 7:56:43( Edit History Discussion )

Sherrod Brown: administration is saying they expect -- they are saying -- they aren't saying this is going to create jobs. they say this agreement is expected to support, whatever that means, we will, let's dot math. the congressional budget office said the cost of this trade agreement, this trade agreement costs money. we lose a lot of money in tariffs this. trade agreement costs $7 billion over ten years.

Sherrod Brown

7:56:44 to 7:57:04( Edit History Discussion )

Sherrod Brown: that means, if we're going to support -- 70,000 gorks the agreement costs about $100,000 for every job supported. the pact -- this trade pact has unusually low rules of origin allowing goods from korea that

Sherrod Brown

7:57:05 to 7:57:25( Edit History Discussion )

Sherrod Brown: are made up with to 65% of their parts from china or other countries. when the european union negotiated the -- their korea trade agreement, they had domestic content rules of 5% meaning 5% of a product -- 55% after p product, h korea. our administration -- the obama

Sherrod Brown

7:57:26 to 7:57:48( Edit History Discussion )

Sherrod Brown: administration improved this over the bush agreement but only march najibullahly - 35% has to come two out of two-thirds of the added value, the components of these products shipped from korea with basically no tariffs coming to the united states -- two-thirds, 65% of that value added can come from china, or

Sherrod Brown

7:57:49 to 7:58:10( Edit History Discussion )

Sherrod Brown: can come from a low-wage commie laws. so it allows a back door for countries like china to gain even more access to the american market. we recognize we flif a world with global supply chains but this very low domestic content threshold of 35% will clearly hurt american manufacturers over the long term.

Sherrod Brown

7:58:11 to 7:58:32( Edit History Discussion )

Sherrod Brown: a korea free trade agreement, it is effectively a global free trade agreement. second thing the korea f.t.a. does that causes me concern is what's called the inkvestor state enforcement in which corporation is empowered to directly challenge laws as violations of a trade pact. now, before the north american free trade agr mr. president, there was no such

Sherrod Brown

7:58:33 to 7:58:54( Edit History Discussion )

Sherrod Brown: thing as investor state relations. that meant that countries that have -- that a company could not sue another -- could not sue a foreign for instance, if a country -- if the canadians were unhappy with something -- some u.s. law, the canadian government could sue the u.s. government but a canadian company couldn't sue

Sherrod Brown

7:58:55 to 7:59:17( Edit History Discussion )

Sherrod Brown: the investor state provision dozen is it undermines sovereign tivment it undermines what we have done in this body. we fight in this pod for strong clean air laws and strong environmental rules and strong pure food laws and strong consumer protections. under the investo relations, a company in korea could sue the u.s. government

Sherrod Brown

7:59:18 to 7:59:38( Edit History Discussion )

Sherrod Brown: for those kinds of strong environmental workforce safety or food safety laws. we don't want to give a company in another country the standed to undermine our sovereignty on laws that were democratically attained in this country. this mechanism is not necessary for a pact between two countries law.

Sherrod Brown

7:59:39 to 8:00:00( Edit History Discussion )

Sherrod Brown: we didn't do that in the u.s.-australia free trade agreement. it did not include these investor state provisions. why would we do it now with korea which is also a country that operates under a rule of law? mr. president, one more reason that this korea free trade agreement weakens our

Sherrod Brown

8:00:01 to 8:00:21( Edit History Discussion )

Sherrod Brown: environmental laws, weakens our food safety laws, dilutes what we stand for and the american values we hold so dear. it's about jobs and these investor state provisions. before pursuing more trade agreements that caused our trade deficit to balloon to more

Sherrod Brown

8:00:22 to 8:00:42( Edit History Discussion )

Sherrod Brown: thandz dz 060 billion, why not enforce existing trade laws. we know some things that we ought to do before passing new trade agreements, we need better enforce trade we've done that. president obama, to his credit, and, again, i don't agree with him on these trade agreements, i think he's wrong, but to his credit more than any president, i think, in at least 25 years,

Sherrod Brown

8:00:43 to 8:01:05( Edit History Discussion )

Sherrod Brown: president obama has begun to enforce some trade rules. he enforced on oil country tub tubetubular steel, his decision on chinese towers created hundreds of jobs in finley,

Sherrod Brown

8:01:06 to 8:01:27( Edit History Discussion )

Sherrod Brown: ohio, his decisions on gaming -- chinese gaming the system on coated paper, the paper industry still exists in this country, not what it used to be, but it meant jobs in southwest ohio and all over my state and all over states where paper is still manufactured in this country. we also should look at other things we should do before a new

Sherrod Brown

8:01:28 to 8:01:48( Edit History Discussion )

Sherrod Brown: trade agreement is we should consider reintroducing super 301 so that we have the tools to fight back when countries like china game the system. i'm working with my colleague from ohio, the republican senator from ohio, the republican senator from missouri, and democratic senator from missouri and a democratic

Sherrod Brown

8:01:49 to 8:02:10( Edit History Discussion )

Sherrod Brown: senator from oregon, chairman wyden of the finance committee subcommittee to begin to enforce -- enforce customs duties and make sure that companies -- that companies and countries that evade these customs duties could no longer evade them. those are the kinds of things we should be doing.

Sherrod Brown

8:02:11 to 8:02:32( Edit History Discussion )

Sherrod Brown: prowl krugman who has -- paul krugman said if you want a trade policy that has employment, you have to -- a counterveiling duty on chinese exporting would be job creating here, a deal with south korea would not be. mr. president, this comes from somebody who -- a noble prize

Sherrod Brown

8:02:33 to 8:02:54( Edit History Discussion )

Sherrod Brown: winning economist, somebody who is -- has been in the past supportive of these free trade agreements believing that they have created jobs. he realizes, korea won't create jobs, beginning to enforce laws is the way to go. years ago president bush said that for trade surplus or every billion

Sherrod Brown

8:02:55 to 8:03:17( Edit History Discussion )

Sherrod Brown: dollar trade deficit a country has, that translates into 13,000 jobs. so, in other words, if we have a trade deficit with china of $1 billion, that would we're selling to them $1 billion less than we are buying from them and the manufacturer of those products that we buy versus the one we manufacture and sell is a net l

Sherrod Brown

8:03:18 to 8:03:40( Edit History Discussion )

Sherrod Brown: united states of 13,000 jobs. so for every billion dollar trade surplus or trade deficit, it translates into 13,000 jobs for that country. mr. president, think about this, the trade deficit for china last year was $273 billion. the trade def with the entire world, the so-called multilateral trade

Sherrod Brown

8:03:41 to 8:04:02( Edit History Discussion )

Sherrod Brown: deficit was $634 billion. mr. president, travel this country, see the kinds of manufacturing job loss we have had. we have lost manufacturing jobs from 1998, the last two years of the clinton administration, all eight years of the bush administration, and the first year and a half of the obama administration, we were losing

Sherrod Brown

8:04:03 to 8:04:24( Edit History Discussion )

Sherrod Brown: that whole process. now we're starting to gain manufacturing jobs, but we can't continue to gain manufacturing jobs when we pass free trade agreements that clearly cause more companies to shut down in our country and more -- and those companies to move abroad. mr. president, the create trade a -- korea trade agreement is a bad idea.

Sherrod Brown

8:04:25 to 8:04:45( Edit History Discussion )

Sherrod Brown: it is imperative we do what the president has said to do and that is pass trade adjustment assistance with health coverage tax credit for those who have lost jobs from trade agreements and trade policy. it's the right thing to do. it's good for our country. it's good for our economy and it's especially good for workers. mr. president, i yield the floor. mr. president, i'm sorry.

Sherrod Brown

8:04:46 to 8:05:06( Edit History Discussion )

Sherrod Brown: i ask unanimous consent the period for morning business be extended until 6:30 with senators permitted to speak for up to 10 minutes each. the presiding officer: without objection. mr. brown: mr. president, i suggest the absence of a quorum.

Sherrod Brown

8:05:07 to 8:05:12( Edit History Discussion )

Sherrod Brown: the presiding officer: the clerk

Personal tools

MetaVid is a non-profit project of UC Santa Cruz and the Sunlight Foundation. Learn more About MetaVid

The C-SPAN logo and other servicemarks that may be found in video content are the property of their respective trademark holders. None of these trademark holders are affiliated with Metavid