OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Edwards: Trade Deficit Is A Sign That Our Nation Is Losing Economic Strength

Date: Feb. 13, 2004
Issues: Trade

Friday, February 13, 2004

Edwards: Trade Deficit Is A Sign That Our Nation Is Losing Economic Strength

Senator John Edwards (D-NC) released the following statement today in response to the record trade deficit for 2003:

"The record trade deficit is a sign that our nation is losing economic strength. Today, because of the record trade and capital deficit and the record budget deficit, we have to borrow $1.5 billion a day from China and other foreign investors just to keep our economy afloat. This is not the way of a great nation. This is not our America. Yet this administration is not serious about stopping China's manipulation of its currency, or about enacting trade and tax laws that create good jobs here at home. It is time for us to create jobs in America and restore our economic strength."

arrow_upward