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U.S. Trade Deficit Heading For
$420 Billion for One Year

Rep. Traficant: Clinton Administration has Reinvented Communism

"If this continues America Will Have a Crash that will make 1929 look like a fender-bender"

House of Representatives, December 05, 2000

(Mr. TRAFICANT asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)

Mr. TRAFICANT: Mr. Speaker, America's trade deficit for September hit $35 billion for one month, $35 billion. America is heading for a $420 billion, 1-year trade deficit.

Unbelievable. If this continues, America will have a crash that will make 1929 look like a fender-bender.

What is even worse, China is now taking $100 billion of cash out of our economy, buying missiles, and pointing them at us.

Beam us up, all of us.

We must be stupid. Ronald Reagan almost destroyed Communism, and the Clinton administration has reinvented it, is now subsidizing it, and is now stabilizing it.

I yield back any common sense left and any patriotism left in this Congress.