The President's Economic Policy -- (House of Representatives - June 22, 2004)
(Mr. BROWN of Ohio asked and was given permission to address the House for 1 minute.)
Mr. BROWN of Ohio. Mr. Speaker, President Bush again was in Ohio this past week to try to justify his economic program to try to sell it to the residents of my State.
Since President Bush took office, one out of six manufacturing jobs has disappeared from my State. President Bush will be the first President since Herbert Hoover to have a net loss of jobs during his time in office. Ohio has lost 190 jobs every single day of the Bush administration.
His answer is always the same: more tax breaks for large corporations and the wealthiest people in the country which might, he thinks, trickle down to create jobs, and more trade agreements like NAFTA which all serve only to ship jobs overseas.
Mr. Speaker, instead of this disastrous Bush economic policy, we need to change directions, extend unemployment benefits, and give tax incentives to those corporations that do business in the United States rather than using U.S. taxpayer subsidies to reward those companies that go overseas and ship jobs overseas and outsource our middle-class jobs.