I say to the Senator from Missouri that to my mind it is unbelievable that the Senate of the United States would consider for a moment extending the 1934 Trade Agreements Act. which is nothing more or less than a platform on which the State Department has erected a selective free trade policy. Not only that. but now. after a years trial of the Marshall plan or ECA aid. under which we wereaccording to the President and the State Departmentto develop foreign markets for our workingmen and industries. we now have coming along the great "bold new program" to guarantee our own businessmen and industrialists against confiscation and socialization of their investments in foreign countries all over the world. Under this program not only will the markets which were described so vividly by the supporters of the first Marshall Plan be supplied by them. but through the "free trade" program instigated by the State Department under the 1934 Trade Agreements Act. the products of their foreign factories. constructed by the investments which will be guaranteed by the American taxpayers. products manfactured with low cost European and Asiatic labor. will be shipped directly into the United States. with the result that more and more American jobs will be transferred to foreign soil. It is just as simple as thatuse American taxpayers money to transfer American jobs to foreign soilthis Is the greatest hoax -ever perpetrated upon the workingmen of this Nation. It is incredible.