|00:00:00||TIME TO HAVE A SNAP-BACK PROVISION.|
|00:00:04||IT'S A NO-NONSENSE APPROACH AND BIPARTISAN IN THE HOUSE AND HAS BEEN ENDORSED BY AMERICAN TRADE COALITION, UNITED STEEL WORKERS AND AUTO WORKERS EVEN THOUGH THEY ARE THE ONLY UNION THAT WILL BENEFIT SOMEWHAT BY THE KOREAN PACT.|
|00:00:24||CONGRESS NEEDS TO WAKE UP AND MAKE COUNTRIES LIKE CHINA AND GERMANY WHO IS GOING TO DOMINATE THE GREEN MANUFACTURING.|
|00:00:35||WE PIONEERED HERE.|
|00:00:36||OVER AND OVER AGAIN WE HAVE WAITED AND WATCHED AND MOST RECENT ONES THAT TROUBLE ME IS GENERAL ELECTRIC, GIVING AWAY THE -- THE INTELLECTUAL PROPERTY, AIRPLANE ENGINES TO CHINA AND GM FORCING TO GIVE ITS TECHNOLOGY OF THE VOLT TO BE ABLE TO SELL THERE.|
|00:00:55||SPEAKER, THE TIME IS NOW.|
|00:00:56||WE AREN'T GOING TO MAINTAIN SUPERPOWER STATUS IF WE GIVE EACH OTHER HAIR CUTS AND SERVE EACH OTHER DINNER.|
|00:01:05||WE HAVE TO MAKE THINGS HERE AT HOME SO OUR BUSINESSES CAN BENEFIT FROM FAIR TRADE.|
|00:01:10||I YIELD BACK.|
Ms. SLAUGHTER. If a foreign country is caught trying to stop the sale of American-made goods, we have a ``snap-back'' provision which will stop the free trade agreement.
It's a no-nonsense approach. It is bipartisan in the House. It has been endorsed by Corning; Hickey-Freeman; Hart Schaffner Marx; Globe Specialty Metals; American Manufacturing Trade Action Coalition; the AFL-CIO; the United Steelworkers; and the Auto Workers, even though they are the only union that will benefit somewhat by the Korean pact.
Congress needs to wake up, and we need to make countries like China and Germany see who's going to dominate the green manufacturing for generations to come. We have just about lost that great thing we pioneered here. Over and over again we have waited and watched. And the most recent ones that trouble me so much is General Electric giving away the intellectual property on airplane engines to China and GM forced to give over the technology of the Volt to be able to sell there.
Mr. Speaker, the time is now. We're not going to maintain a superpower status as long as all we can do is give each other haircuts and serve each other dinner. We've got to make things here at home so that our businesses can finally benefit by some fair trade.