International economic competition is not a new concern for many Members of Congresswe have watched businesses in our districts suffer from unfair trade practices. we have seen our constituents losing manufacturing jobs. we have documented capital flowing out of industrial investments to pay for Federal budget deficits. and we have called for strong administration action. only to watch our trade deficits grow. The United States should be as strong and secure in a world dominated by economic competition as we have been for the past 40 years in a world dominated by military competition. We hold the cards in this game: a nation unsurpassed in natural resources. a nation of relentless inventiveness. a nation strengthened by generations of immigrants. Yet we have been playing our cards away. sacrificing longterm economic benefits for shortterm diplomatic or military advantage time and time again. Over the next 40 years trade flows will determine the winners and losers in international affairs.
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