Speech #860025909

That under the 1934 Trade Agreements Act (socalled Reciprocal Trade Act) through the State Department and Geneva. we have opened our own domestic markets to the trading nations of the worldand during the same period have priced ourselves out of the foreign markets through inflation. which can only result in an ultimate lowering of the American living standard. There is no difference in the final objective of importing the goods produced by low wage living standard labor and importing the cheap labor. No one can consistently support free imports from lower wage living standard countries and oppose free immigration. 8. That we are living on a war economy. since we have consistently adopted national and international policies creating an unfavorable investment climate here and favoring foreign investments. 9. That our adherence to an unconditional most favored nation clause has accelerated the division of our markets among the nations of the world.