| 00:00:10 |
none, -
GOOD MORNING, THIS IS A HEARING OF THE DEMOCRATIC POLICY HEARING. I WANT TO MAKE A COUPLE OF STATEMENTS ABOUT THOOZE HEARINGS. WE HAVE HELD MANY HEARINGS...
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| 00:00:31 |
Unidentified Speaker, -
AND REPUBLICAN POLICY COMMITTEE WERE CREATED TO DEAL WITH POLICY ISSUES AND PROPOSALS. I HAVE AGAIN TORE THIS HEARING AS I HAVE FOR ALL HEARINGS OF...
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| 00:01:43 |
Unidentified Speaker, -
GENERAL MOTORS. I KNOW ONE OF THE MAJOR AUTO DEALERS HELD A MEETING AND CALLED IN ALL THEIR PARTS SUPPLIERS AND SAID TO THEM, YOU NEED TO BE THINKING...
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| 00:07:59 |
Unidentified Speaker, -
COMPANY AND WORKERS. I WANT TO EXPRESS AN OPINION. I GUESS I DID. WE'VE SIMPLY CHOSEN THE AUTO ISSUE BECAUSE IT'S BEEN SO MUCH IN THE NEWS AND WILL...
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| 00:08:46 |
Unidentified Speaker, -
THE U.S. GOOD NATURE BY OVER BILLING AND UNDER PRODUCING DURING THE IRAQ WAR. YOU'VE HAD A WHOLE SERIES OF HEARINGS ON THOSE KINDS OF ISSUES. YOU...
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| 00:11:31 |
Unidentified Speaker, -
COMPANIES. THE MANIPULATION OF CURRENT SI BY JAPAN, CHINA KOREA RESULT IN AUTOMOBILES PRODUCED THERE BEING FAR CHIEFER WHEN EXPORTERED IN OUR AUTOS...
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| 00:13:47 |
Unidentified Speaker, -
AND RESULTING IN A REAL REDUCTION IN MEDIAN FAMILY INCOME. THANK YOU, MR. CHAIRMAN. >> THANK YOU. >> I JOIN IN THANKING SENATER DORGAN FOR NOT ONLY...
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| 00:14:17 |
Unidentified Speaker, -
IT'S ALWAYS A PLEASURE TO BE WITH MY
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| 00:14:20 |
Unidentified Speaker, -
COLLEAGUE, SENATER LEVIN. WE JOIN TOGETHER IN THE FIGHT EVERY EVERYDAY FOR MICHIGAN FAMILIES. THANK YOU ALL FOR JOINING US. WE APPRECIATE IT VERY...
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| 00:19:14 |
Unidentified Speaker, -
PROSECUTOR'S OFFICE WHOSE JOB WOULD BE SOLELY TO FOCUS ON THE PROBLEMS WE ARE HAVING HERE, WHETHER IT'S SOMEBODY'S PATENT BEING STOLEN, WHETHER IT'S THESE...
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| 00:21:34 |
Unidentified Speaker, -
COME. JO I SEE SENATER DONE REGAL. OUR YOUNG OLD COLLEAGUE. >> I JUST NOTICED HIM HERE AND WANTED TO TAKE A SECOND TO RECOGNIZE HIS PRESENCE . >>...
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| 00:22:04 |
Unidentified Speaker, -
UNITED AUTO WORKERS. WE HAVE STEVEN COLLINS AND JOHN WALKER,
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| 00:22:10 |
Unidentified Speaker, -
PRESIDENT OF WALKER
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| 00:22:12 |
Unidentified Speaker, -
DIE CASTING INCH.
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| 00:22:17 |
Unidentified Speaker, -
JEFFERY SCOTT. CHARLES MCMILL AN WHO IS THE PRESIDENT, CHIEF ECONOMIST. MR. SHOT INDICATED TO ME THAT HE HAS TO LEAVE BY 11:30. I THINK AS WE GO THROUGH...
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| 00:23:37 |
Unidentified Speaker, -
DOESN'T SEEM TO BE ANY NECK NIX FOR CHANGING THAT. >> PUT THAT UP CLOSE AND EVERYBODY CAN
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| 00:23:46 |
Unidentified Speaker, -
HEAR. >> IT'S ON . >> PULL IT CLOSE AND EVERYONE WILL BE ABLE TO HEAR . >> I SAID IN MY STATEMENT,
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| 00:23:58 |
Unidentified Speaker, -
I'VE BEEN WORKING ON TRADE POLICY FOR
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| 00:24:02 |
Unidentified Speaker, -
MANY YEARS WITH THE U.A.W. I HAVE TO ADMIT, I'VE BEEN AROUND LONG ENOUGH TO HAVE WORKED WITH HIM ON TRADE
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| 00:24:12 |
Unidentified Speaker, -
ADMINISTRATION IN THE LATE
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| 00:24:14 |
Unidentified Speaker, -
19 80'S. THE PROBLEMS WE FACED THEN WEREN'T CONSIDERED
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| 00:24:18 |
Unidentified Speaker, -
AS SERIOUS AS THE PROBLEMS WE ARE FACING NOW. THE ZIPPINGS YOU HAVE PROVIDED FOR THE NATURE OF THE PROBLEM WE FACE IN TRADE AND IN THE AUTO INDUSTRY...
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| 00:29:31 |
Unidentified Speaker, -
ISSUE THAT IS EXTREMELY IMPORTANT TO AMERICAN WORKERS, THE VILE LATION TO FORM INDEPENDENT UNIONS. WORKERS WHO TRY TO REPRESENT THE INTEREST OF WORKERS...
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| 00:30:45 |
Unidentified Speaker, -
LARGEST PRODUCER OF PICKUP TRUCKS. THAT IS A HUGE SOURCE OF EMPLOYMENT FOR AMERICAN WORKERS. THERE ARE MORE THAN 40,000 ASSEMBLY WORKERS. NOT INCLUDING...
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| 00:33:02 |
Unidentified Speaker, -
PRIOR. DO YOU HAVE A STATEMENT YOU'D LIKE TO MAKE. >> I DON'T. THANK YOU. I'M GLAD YOU ARE DOING THIS. >> MR. COLLINS, WHY DON'T YOU PROCEED. >>...
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| 00:33:24 |
Unidentified Speaker, -
CHRYSLER, FORD MOTORS AND GENERAL MOTORS SPECIFICALLY ON TRADE AND POLICY QUESTIONS.
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| 00:33:30 |
Unidentified Speaker, -
IT'S RELEVANT TO YOUR INTEREST THIS MORNING. WE WANT TO THANK YOU FOR BEING HERE TODAY FOR THE INTEREST THAT YOU ARE SHOWING. WE
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| 00:33:39 |
Unidentified Speaker, -
WELCOME THE INTEREST YOU ARE BRINGING TO THE SUBJECT. IT'S IF ANYTHING, OVERDUE. THESE ARE DIFFICULT TIMES. WHAT YOU ARE BRINGING TO THE ATTENTION...
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| 00:37:52 |
Unidentified Speaker, -
THIS MARKET WITH PRACTICES DIFFERENT FROM OURS. CLEARLY BENEFITING FROM THE OPENNESS OF OUR MARKET, AS YOU NOTED, IN JAPAN AND KOREA'S AUTO INDUSTRIES...
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| 00:43:06 |
Unidentified Speaker, -
AFFECT OUR BUSINESS? THAT TRANSLATES INTO A PER VEHICLE COST PER CAR. AT ABOUT TODAY'S RATE IS ABOUT $117, 700. IT'S ABOUT $6,000 FOR AN S.U.V. S...
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| 00:45:11 |
Unidentified Speaker, -
FLOWS. STEVE BECKMAN NOTED, JAPANESE SCOMPORLTS ARE GOING UP. TOYOTA SAID IN THE "NEW YORK TIMES" WE ARE GOING TO INCREASE EXPORTERS FROM JAPAN. ...
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| 00:47:26 |
Unidentified Speaker, -
SERVES AS THE CHAIRMAN. MR. WALKER, THANK YOU FOR JOINING US. WHY DON'T YOU PROCEED. >> THANK YOU. GOOD MORNING. MY NAME IS JOB WALKER. I'M THE C.E.O....
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| 00:47:56 |
Unidentified Speaker, -
OF PARTS AND AUTOMOTIVE PRODUCERS ARE AMONG OUR MOST IMPORTANT CUSTOMERS. I HAVE BROUGHT A CONCERN FOR THE HEALTH OF OUR MANUFACTURING BASE DO YOU...
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| 00:51:17 |
Unidentified Speaker, -
PENETRATION RATE, 19.62%. FOR TRANSMISSION AND POWER TRAIN PARTS, VERY IMPORTANT APARTS, HIGH
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| 00:51:30 |
Unidentified Speaker, -
VALUE, 97, 12. 1%, 204, 24.59%. JUST A COUPLE MORE HERE. AIR CONDITIONING EQUIPMENT, '97, 16.87%. 204, 27.92%. MOTOR VEHICLE ELECTRICAL EQUIPMENT,...
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| 00:52:37 |
Unidentified Speaker, -
THE ONE-WAY TRADE? MY COMPANY CAN'T TOLERATE IT MUCH LONGER. MANY OF MY AMERICAN-OWNED ECONOMISTIC COMPETITORS HAVE CLOSED THEIR DOORS FOR GOOD. WE...
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| 01:01:09 |
Unidentified Speaker, -
FELLOW ON ECONOMIC SANCTIONS INSTITUTE FOR INTERNATIONAL ECONOMICS. AND HIS -- HE'S BEEN A VISITING LECTURER AT PRINCETON, ADJUNCT PROFESSOR AT GEORGETOWN,...
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| 01:01:55 |
Unidentified Speaker, -
PROBLEMS. AND I HOPE THIS HEARING AND THE INSIGHT FROM THE OTHER PANELISTS IN THIS HEARING WILL HELP YOU IN CREASING SOME PRAGMATIC WAYS IN WHICH...
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| 01:02:36 |
Unidentified Speaker, -
DIRECTION ARE NOT BEING USED WELL ENOUGH. THIS CLEARLY IS THE CASE IN SOME OF THE PROBLEMS YOU'VE ADDRESSED. BACK IN THE '70'S, I USED TO HELP THE PRESIDENT'S...
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| 01:11:08 |
Unidentified Speaker, -
UNIVERSITY, AUTHOR OR EDITOR OF FOUR BOOKS AND OVER 150 SCHOLARLY REPORTS. DR. MCMILLIAN THANK YOU FOR BEING WITH US, WHY DON'T YOU PROCEED. AND, MR....
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| 01:11:56 |
Unidentified Speaker, -
U.S. AINDUSTRY AND, THEREFORE, THE COUNTRY I BELIEVE FACES A VERY DANGEROUS CRISIS THAT IS AS YET BARELY VISIBLE IN THE ECONOMY OUTSIDE MICHIGAN AND...
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| 01:14:30 |
Unidentified Speaker, -
MUCH OF THIS TO PRODUCTION INCENTIVES THROUGH THE INDUSTRY'S LABOR AGREEMENTS, AND I CAN TALK ABOUT THAT OR STEVE CAN TALK ABOUT THAT, IF YOU WOULD LIKE....
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| 01:23:28 |
Unidentified Speaker, -
SCHOTT. MR. SCHOTT, NAFTA HAS HAD A SIGNIFICANT IMPACT ON AUTOMOBILE TRADE PRODUCTION TO CANADA, PRODUCTION TO MEXICO, AND PRIOR TO NAFTA, BECAUSE...
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| 01:24:29 |
Unidentified Speaker, -
PUBLIC SPEECH, SO I WILL HAVE TO LEAVE WITH THAT. BUT I APPRECIATE THE OPPORTUNITY TO ANSWER YOUR QUESTION DIRECTLY, BECAUSE THE WORK THAT WE DID A...
|
| 01:28:04 |
Unidentified Speaker, -
IS LOW-WAGE, LOW-SKILLED JOBS
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| 01:28:07 |
Unidentified Speaker, -
WILL MIGRATE TO MEXICO BUT
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| 01:28:09 |
Unidentified Speaker, -
THEY WILL BE REPLACED BY HIGH-WAGE, HIGH-SKILLED JOBS BECAUSE OF EXPANDED OPPORTUNITY. IN FACT, OUR LARGEST IMPORTS FROM MEXICO ARE AUTOMOBILE, AUTOMOBILE...
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| 01:29:19 |
Unidentified Speaker, -
AFTER NAFTA, WHERE WE HAVE RUN INTO PROBLEMS HAS BEEN IN THE LAST FEW YEARS SINCE OUR RECESSION IN THE EARLY PART OF THIS DECADE, AND AS A CONSEQUENCE...
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| 01:30:55 |
Unidentified Speaker, -
ARE LOSING AND A WAY CAN WE PROVIDE COMPENSATION, TRADE ADJUSTMENT ASSISTANCE, COMMUNITY ASSIST'S ANSWER, BUT THE FACT IS THE REASON I WANTED TO...
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| 01:31:52 |
Unidentified Speaker, -
BEING ONE, WHERE WE SPEND TWICE AS MUCH OF OUR G.D.P. THAN ANY OTHER COUNTRY ON HEALTHCARE AND HAVE 46 MILLION PEOPLE WITH NO HEALTH INSURANCE, THERE...
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| 01:34:07 |
Unidentified Speaker, -
DO YOU BELIEVE THAT IT WOULD MAKE A DIFFERENCE IF THE MEXICAN WORKERS COULD ORGANIZE FOR GOOD WAGES AS A PART OF TAKING ADVANTAGE OF
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| 01:34:19 |
Unidentified Speaker, -
TRADE? >> I THINK THAT'S PART OF THE PROBLEM. IN MEXICO, BUT -- AND ITS MORE IMPORTANT IN SOME INDUSTRIES MORE THAN OTHERS, THE BIGGER PROBLEM FOR THE...
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| 01:34:42 |
Unidentified Speaker, -
AS PART OF THE DEVELOPMENT PROCESS, AND THERE HAVE BEEN SOME IMPROVEMENTS SINCE NAFTA ENTERED INTO@@@@@@@@@ RRY)HGRR'A)HMN A% RRA#@ @ @ @ @ @ @ @ @...
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| 01:36:57 |
Unidentified Speaker, -
SENATOR STABENOW WILL ASK THAT I IN A FEW MINUTES. >> THANK YOU, MR. CHAIRMAN, THANK YOU, SCHOTT, FOR ASKING THAT QUESTION. AT SOME LATER POINT, I...
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| 01:37:27 |
Unidentified Speaker, -
THE FRONT LINES OF THIS TRYING AS A BUSINESS PERSON TO DEAL WITH ALL OF THIS, MY GUESS IS YOU WANT TO PULL YOUR HAIR OUT ON MOST DAYS. >> PRETTY MUCH....
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| 01:37:43 |
Unidentified Speaker, -
TERMS OF THE TRADE PIECE, AS
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| 01:37:45 |
Unidentified Speaker, -
WELL AS THE OTHER PIECES, BUT IF YOU WERE TO LOOK AT ALL OF THE THINGS THAT ARE COMING AT YOU, AND ALL OF THE POLICIES THAT DON'T MAKE SENSE, WHAT ...
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| 01:37:57 |
Unidentified Speaker, -
THE
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| 01:37:58 |
Unidentified Speaker, -
THREE BIGGEST PROBLEMS FROM YOUR STANDPOINT THAT RELATE TO BEING ABLE TO DO YOUR BUSINESS AND BE SUCCESSFUL AND COMPETE INTERNATIONALLY, I'M THINKING...
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| 01:38:37 |
Unidentified Speaker, -
I BELIEVE THAT'S MORE -- I'VE HEARD THAT'S ALL THE CHINESE PAY PEOPLE. I DON'T KNOW WHAT THEY PAY THEM, I JUST HEARD. AND THEY SAID YOU CAN GET...
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| 01:39:50 |
Unidentified Speaker, -
DO YOU THINK HITS
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| 01:39:51 |
Unidentified Speaker, -
YOU THE MOST? IS IT CURRENCY MANIPULATION, OR AS YOU SAY, FREE TRADE ON CURRENCY? >> I REALLY DON'T KNOW, BECAUSE I AM JUST NOT -- I DO KNOW --...
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| 01:40:08 |
Unidentified Speaker, -
OF THE SIMPLE STUFF, BUT WE MAKE A LOT OF POWER TRAIN PARTS, WHICH ARE PRETTY HIGH-VALUE PARTS, THAT IS JUST NOW -- THESE CATS ARE JUST GETTING READY
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| 01:40:19 |
Unidentified Speaker, -
TO LEAVE. THEY HADN'T REALLY LEFT IN TOTAL YET. MOST OF ITS BEEN LIKE A TRANSMISSION. IN THE PAST, THE AMERICANS MADE A TRANSMISSION IN THE UNITED...
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| 01:42:16 |
Unidentified Speaker, -
REPORT THAT TECHNICALLY IT'S NOT HAPPENING. IT IS HAPPENING, WE KNOW IT'S HAPPENING, BUT THEY SAY TECHNICALLY IT'S NOT HAPPENING. IF THEY, IN FACT,...
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| 01:44:13 |
Unidentified Speaker, -
WE STILL HAVE A GOOD -- YOU KNOW, A GOOD PART OF PRODUCTION BASE. WE'RE THE WORLD'S LARGEST PRODUCER AND CONSUMER. AS I MENTIONED, TIELAND BECAME THE...
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| 01:46:38 |
Unidentified Speaker, -
ABSOLUTELY. >>
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| 01:46:39 |
Unidentified Speaker, -
OK. THANK
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| 01:46:41 |
Unidentified Speaker, -
YOU. >> A COUPLE OF QUESTIONS. MR. MCMILLAN, YOU SHOWED A CHART THAT WE EXPORT FAR FEWER VEHICLES TO THE REST OF THE WORLD THAN MEXICO
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| 01:46:54 |
Unidentified Speaker, -
EXPORTS TO US, IS THAT CORRECT? >>
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| 01:46:59 |
Unidentified Speaker, -
RIGHT. AND IS THAT A FUNCTION OF NAFTA YOU THINK? THIS
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| 01:47:04 |
Unidentified Speaker, -
ALL OCCURRED POST NAFTA. >> IT HAS OCCURRED POST NAFTA, AND IT WAS THE CHANGE IN POLICY
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| 01:47:19 |
Unidentified Speaker, -
THAT HAS LED TO THIS. IN IN FACTA, THERE'S A CHAPTER 11. IT MADE IT VERY
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| 01:47:28 |
Unidentified Speaker, -
DIFFICULT FOR THE MENTION CAN GOVERNMENT TO REGULATE IN ANY WAY FOREIGN BUSINESSES. BY THE WAY, IT MADE IT DIFFICULT FOR AMERICAN GOVERNMENTS, INCLUDING...
|
| 01:51:00 |
Unidentified Speaker, -
PUT THEIR NAMES. SO WE REALLY ARE SAYING TO AMERICAN WORKERS SAYING, YOUR COMPETITION IS THE CHINESE WORKER AND THAT BECOMES THE CHINA PRICE AND STANDARD....
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| 01:51:48 |
Unidentified Speaker, -
TIME WHEN STEVE COLLINS SAID THE AUTO COMPANIES HAVE BEEN IN EUROPE THERE FOR A LONG TIME, THEY DIDN'T THINK IT WAS A NICE PLACE TO VISIT AND PRODUCE,...
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| 01:53:24 |
Unidentified Speaker, -
AMERICANS AND THESE DAYS YOU HAVE COMPANIES WHO WANT TO PRODUCE IN CHINA FOR 40 CENTS AND HOUR AND RUN THE MONEY IN THE ISLANDS SO YOU DON'T HAVE TO...
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| 01:54:05 |
Unidentified Speaker, -
PLENTY THAT WOULD
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| 01:54:07 |
Unidentified Speaker, -
THINK THAT WE ARE HOPELESSLY IGNORANT
|
| 01:54:11 |
Unidentified Speaker, -
THAT THIS IS A
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| 01:54:13 |
Unidentified Speaker, -
GLOBAL ECONOMY AND CANNOT TURN BACK THE BLOCK. AND WHETHER IT IS INDONESIA, CHINA, INDIA, THAT THAT'S OUR COMPETITION AND WE HAVE TO COMPETE WITH...
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| 01:55:01 |
Unidentified Speaker, -
OF THE TENNESSEE CHAMBER OF COMMERCE AND LOCAL AND NOT OF THE NATIONAL. I AM A MEMBER OF THE NATIONAL ASSOCIATION OF MANUFACTURERS, BUT NOT THE U.S. CHAMBER....
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| 01:55:34 |
Unidentified Speaker, -
WHERE THE GAME IS FAIR?
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| 01:55:37 |
Unidentified Speaker, -
IS IT FAIR, FOR EXAMPLE, FOR YOU TO COMPETE
|
| 01:55:40 |
Unidentified Speaker, -
AGAINST ANOTHER COMPANY SOMEWHERE ELSEWHERE THEY SAY TO THE WORKERS, UNIONIZE, YOU GO TO JAIL. WORK FOR 40 CENTS AN HOUR, AND WE WON'T PAY YOU OVERTIME...
|
| 01:56:33 |
Unidentified Speaker, -
AT THE ANALYSIS. THE GE IAN THE WAL-MART AND IF THEY WANT A MANUFACTURER, THEY ARE THE ONES MAKING THAT STUFF AND SELLING IT OVER HERE. >> BUSINESS...
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| 01:57:05 |
Unidentified Speaker, -
WAR II AND MAYBE WE DON'T NEED GOODS TO
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| 01:57:08 |
Unidentified Speaker, -
WIN THE NEXT WAR. I'M NOT SMART ENOUGH -- >> I HEARD YOU GO THROUGH THAT FINANCIAL TRANSACTION IN THAT 10 MINUTES AGO. MY POINT IS VERY SIMPLE....
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| 01:57:35 |
Unidentified Speaker, -
HAVE WIN THE SECOND WORLD WAR. BUT THE RULES AT THIS POINT OF GLOBALIZATION ARE RULES THAT SUGGEST OUR MARKETPLACE IS WIDE OPEN TO ANY CONDITIONS OF...
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| 01:58:35 |
Unidentified Speaker, -
BIG ON THE CURRENCY AND REALLY NOBODY, OTHER THAN THE USBIC. THEY HAVE THROWN IN THE TOWEL AND SAY WELL, I GUESS THEY ARE EATING GOOD. AND YOU ARE THE...
|
| 01:59:22 |
Unidentified Speaker, -
SUCCESSFULLY OR SHOULD BE ASKED TO COMPETE WITH COUNTRIES THAT HAVE A MANAGED TRADE? AND I THINK THE POINTS IN THE CHART ABOUT KOREA AND JAPAN, 99%...
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| 02:00:24 |
Unidentified Speaker, -
PARTIES OVER THE YEARS ASSUMED THAT AS WE ENGAGED IN OPEN AND U.S. OPENED OUR MARKET, WHETHER IT WAS TO HELP THE FIGHT AGAINST COMMUNISM OR TO BE...
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| 02:02:43 |
Unidentified Speaker, -
AT ALL IS RUN IN MOST CASES THROUGH THE STATE DEPARTMENT AND OUR TRADE POLICY IS MOSTLY FOREIGN POLICY. WE WON'T TAKE ACTION? WHY? IT WILL OFFEND. IT'S...
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| 02:03:39 |
Unidentified Speaker, -
WORKERS. IT'S SO INTERESTING TO WATCH THIS DEBATE ABOUT FREE TRADE, OPEN TRADE, WHEN IT'S ONLY OPEN ON ONE SIDE. THAT MAKES ABSOLUTELY NO SENSE....
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| 02:06:37 |
Unidentified Speaker, -
A STORY WINSTON CHURCHILL TOLD ABOUT THE HOUSE OF COMMONS. HE WAS INVOLVED IN AN AGGRESSIVE DEBATE IN THE HOUSE OF COMMONS CHARGING ONE OF HIS ADVERSARIES...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.