A Quote by Mark Shields
The lobbying over China most favored nation trading status was disgusting. There's no way in hell that MFN would have passed in '95, '96, '97, '98, '99, 2000 if all these companies hadn't come in flooding and making campaign contributions and ask for people's support. That drove the debate. Every year was the allure of corporate dollars flooding into members' bank accounts.
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Ex-Im Bank doles out billions of dollars of loans and insurance subsidies every year and has become the poster child for corporate cronyism in Washington. Think of the bank as food stamps for America's Fortune 500 companies.
After all, Wall Street is clearly the most powerful lobbying force on Capitol Hill. From 1998 through 2008, the financial sector spent over $5 billion in lobbying and campaign contributions to deregulate Wall Street.
For our part, the U.S. must act quickly to ensure Most Favored Nation status to China.
I want to just say something very, very personal. As you know, Louisiana has undergone a lot of flooding over the last couple of weeks August 2016. And I just want to thank the American people for their generosity and supporting so many victims of that terrible flooding.
Extreme weather like the droughts in Russia, China and Brazil and the flooding in Pakistan and Australia [in 2010] have contributed to a level of food price volatility we haven't seen since the oil crisisof 40 years ago. Unfortunately, this could be just a taste of things to come because in the next few decades the build-up of greenhouse gases already in the atmosphere could greatly increase the risk of droughts, flooding, pest infestation and water scarcity for agriculture systems already under tremendous stress.
To be honest, I don't remember what happened in '95, '96 and '97. It was hard years. My memory is deleting.
You know, we lose more homes every year to flooding than we do any other event in America.
The problem is that the way [President] Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents - number 43 added $4 trillion dollars by his lonesome - so that we now have over $9 trillion dollars of debt that we are going to have to pay back. [That's] $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic.
Let's talk about why, in the 1990s, Wall Street got deregulated. Did it have anything to do with the fact that Wall Street provided - spent billions of dollars on lobbying and campaign contributions? Well, some people might think, yeah, that had some influence.
Back in the year 2000, most of the Internet companies were not making any money.
China is soon to be probably the most powerful nation in the world, but they only making like $10,000 a year, and that's doing it. They're balling on $10,000 a year, and this is the strongest nation? But it's a billion people. The way it breaks down, if you really look at it, it's still built on the poor, on the backs of hundreds of millions of destitute, impoverished farmers that you'll never see. You just see Shanghai and you see Hong Kong.
One can see the results of those policies in hundreds of communities around my State. As one might expect, our largest communities - places like Milwaukee, Madison, and Green Bay - lost thousands of jobs as a result of those trade policies, most notably NAFTA and permanent most-favored-nation status for China.
I pulled out of making movies in about '96 or '97.
A 99-year-old man is filing for divorce from his 96-year-old wife, making them the world's oldest divorced couple. It's got to be weird when a divorce lawyer is fighting for your kids to get custody of you.
I hate when people say, 'Oh, they laughed all the way to the bank.' That's nonsense because the most cynical, unhappy people are Hollywood screenwriters. They earn hundreds of thousands of dollars a year for work that's never made.
When anything bad happens, my insecurities come flooding out.
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