CAFTA -- (House of Representatives - July 27, 2005)
(Mr. PASCRELL asked and was given permission to address the House for 1 minute.)
Mr. PASCRELL. Mr. Speaker, NAFTA is the template on which this CAFTA agreement has been forged. Let us use the documented results of NAFTA to predict what will happen if Congress passes this latest flawed trade agreement.
Workers will see a decrease in real wages. The statistics are very clear.
Number 2, CAFTA cannot reduce the number of immigrants. In fact, quite the contrary. What we have had in Mexico, for instance, as our prime example is 1.3 million agricultural jobs were lost to NAFTA. Look at the commitments, look at the promises by the past administration, by this administration, and what we have done is increased immigration across the borders. Some of our friends are talking out of both sides of their mouths.
The gap between the rich and the poor will increase. The redistribution of wealth upward will be exacerbated here in the United States under CAFTA, because more family wage jobs will be sent overseas, replaced by low-wage, Wal-Mart-type service jobs. Get it?
Those who ignore history are doomed to repeat it. If CAFTA passes, doom will be the operative function of this Congress.