Famous quote by Marcy Kaptur

"That level of trade deficit throttles real growth in our country and continues the unfortunate path of selling out America. We are not winning the global trade war, we are losing it badly"

About this Quote

In this quote, Marcy Kaptur expresses concern about the harmful effects of a substantial trade deficit on the United States' economic development and its position in global trade. Her usage of the term "trade deficit" refers to a situation where a nation imports more goods and services than it exports. Kaptur recommends that this imbalance "throttles real development", indicating it stifles or slows down the authentic financial expansion that could otherwise happen if the trade balance were more equitable.

When Kaptur discusses "offering out America", she is most likely criticizing the dependence on foreign imports over domestic production. This expression suggests an understanding that the financial policies or practices causing the trade deficit compromise the nation's economic sovereignty or self-reliance, possibly causing task losses in production and other sectors that generally support local economies. Such a deficit may force the country to obtain from other countries to finance its imports, thus increasing nationwide financial obligation and placing more strain on the economy.

Moreover, by mentioning, "We are not winning the worldwide trade war, we are losing it badly", Kaptur explains a competitive disadvantage dealt with by the United States in the global trade arena. The phrase "global trade war" can refer to the tactical and competitive interactions between nations to secure favorable trade positions. Her assertion that the U.S. is "losing it badly" shows a view that the nation is failing to attain beneficial trade terms or secure its markets from foreign competition.

Overall, Kaptur's declaration highlights the need for policies that attend to the trade deficit, strengthen domestic production, and enhance the U.S. economy's position globally. She is requiring a reassessment of trade practices and policies to make sure sustainable economic development and nationwide success.

About the Author

USA Flag This quote is written / told by Marcy Kaptur somewhere between June 17, 1946 and today. He/she was a famous Politician from USA. The author also have 15 other quotes.
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