Katie Grant, 202-225-3130
WASHINGTON DC - House Democratic Whip Steny H. Hoyer (MD) delivered remarks today on the Make It In America plan at a press conference on Democratic initiatives to create jobs. Below are his remarks and a link to the video:
"All of us have just returned from the summer break and a lot of us didn't get breaks, per se, but we visited with a lot of our people, both in our own districts and throughout the country. It's no surprise that they are very, very concerned about our economy, about jobs, and yes, they continue to be concerned about the fiscal posture of their country. We need to address jobs and fiscal responsibility.
"In terms of jobs, we have had an agenda that you see referred to as the Make It In America agenda. You have heard us all talk about that, but it's not just talk. It is substance. It is saying that we want to make sure everybody in America has a sense, an expectation of success that they are going to make it. And they are going to make it because they can get good-paying jobs, and because we are expanding our economy, not contracting our economy. Economists tell us one of the best ways to do that is to expand our manufacturing.
"Now, America still is a manufacturing giant in the world. But our place is not where it ought to be, and we have lost some 11 million manufacturing jobs over the last two decades. Those are good-paying jobs, and they resulted in other jobs being created as well.
"Three items in particular we want to focus on. First is the manipulation of currency. Manipulation of currency by China and by others make their goods cheap to sell in America, and American-made goods – which are quality goods – expensive to sell in our trading partners' countries. That’s not consistent with the rules, it’s not fair to our workers, and we want to make sure that we turn that around.
"Secondly, we want to have a strategy, a plan. Every team that wins does so because they have a plan of how they are going to win; what plays they are going to run; who is going to do what; how we create an environment in which manufacturing can expand. So we need a manufacturing strategy. We suggested legislation to ensure that we have that.
"And last but certainly not least of the over 30 or 40 different bills that we have in our Make It In America agenda that Mr. Clyburn's going to speak about, and that is the infrastructure bank. Rosa Delauro, [the sponsor of a bill creating a national infrastructure bank], could not be with us because she's with her people who experienced the devastation on the Connecticut shore. We need to make sure that we leverage significant amounts of private sector capital along with public capital in a partnership to expand and invest in infrastructure, which America needs if we are also going to grow our economy and compete with our international competitors.
"Lastly, let me say that we have Mr. Clyburn, Mr. Becerra, Mr. Van Hollen who are participating in the deficit reduction committee, which we also believe, if you are going to reduce the debt you need to grow the economy. You need to grow jobs because that will increase revenue without any references to tax increasing and therefore bring down the deficit. I believe very strongly that this committee must be successful. If it is successful, I think it will grow confidence in the private sector and it will grow confidence in the international community – that America, in fact, can meet its challenges and meet them successfully.
"I hope all of my colleagues on either side of the aisle – and I know my three colleagues on the committee – will seek that end. Let me now yield to the Assistant Leader of our Party, Mr. Jim Clyburn, to discuss, among other things, infrastructure and how we grow our investment in infrastructure and therefore grow jobs in America."