In the current political climate, it’s easy to forget just how far some career politicians have drifted from the positions they once held.
No better example of this exists than former House Speaker Nancy Pelosi and her complete reversal on trade with China.
While Pelosi now criticizes President Donald Trump’s tough tariff policies, in 1996 she was sounding the alarm about the very same trade imbalance he’s trying to fix today.
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Let’s take a trip down memory lane.
In 1996, Nancy Pelosi stood on the House floor and passionately argued against the unfair trade relationship between the United States and China.
“I’d like to call the attention of our colleagues to this chart on the status quo that the business community is asking each and every one of you, to each and every one of us to endorse today. Right now we have a 34 billion dollar trade deficit with China… this figure has increased 1,000% from three and a half billion then to about $34 billion now,” she warned.
Her outrage was clear. She went on to highlight the disparity in tariffs, calling out how America was being played.
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