mr. donahue. mr. donahue: as we have debated many subjects, as we know, that the china card, so to speak, is an issue we'll be dealing with for many years. it's complicated by serious problems in china as well. economic problems. my view about this bill is that there is a very serious attention to currency. as it should be. and it is at a point where i would encourage moving ahead without major amendments. in terms of dealing with currency outside the bill, there are a lot of things here that are important. mr. trumka said, japan is a currency manipulator. they sure were back then. but they haven't been for a long time. people would accuse the united states of currency manipulation when we were dealing with the crises of recent years when we were handling and managing our interest rates and other factors that came out of the fed. the specific challenge that you raise about china is one that we will deal with for all of our lifetimes. i am very willing and very anxious to talk about other, beyond this a

mr. donahue. mr. nahue: as we have debated many subjects, as we know that the china card, so to speak, is a new shoe we'll be dealing with for many years. it's complicated by serious problems in china as well. economic problems. my view about this bill is that there is a very serious attention to currency. as it should be. and it is at a point where i would encourage moving ahead without major amendments. in terms of dealing with currency outside the bill, there are a lot of things here that are important. mr. trumka said japan is a currency manipulator. they sure were back then. but they haven't been for a long time. people would accuse the united states of currency manipulation when we were dealing with the crises of recent years when we were handling and managing our interest rates and other factors that came out of the fed. the specific challenge that you raise about china is one that we will deal with for all of our lifetimes. i am very willing and very anxious to talk about other, beyond this agr

mr. donahue and mr. trumpka for being here, especially want to note the pennsylvania roots and -- >> here. >> using that vulnerable law agree today, right? i'm grateful for the opportunity because it's important that we debate this, even an issue that has tends to divide the country and even divides both political parties between and among themselves, my concern here with both trade pro morgs authority and tpp the trade deal itself is the same concern i had of nafta and every other agreement since then, what is the impact not just broadly on pennsylvania, that's my first priority, but in particular what it means for workers and wages. unless it can meet the test of -- that i set forth with regard to workers and wages, very difficult for me to support either the trade promotion authority or the trade deal itself, let me focus first on wages. i would argue that -- and very similar to what senator schumer said central challenge as a counted, our central domestic challenges, how do we solve this wage problem

mr. donahue "urged american companies to send jobs overseas as the way to boost american competitiveness. donahue said that exporting high-paid tech jobs to low-cost countries such as india china and russia, saves company money." so the dirty secret is that of course these guys like these free trade agreements, not because they're going to create jobs in america. no one seriously believes that scripps -- believes that. when they're honest about it, they understand and they say that if companies move abroad, shut down plants in america throw millions of people on to the streets in this country that when they do that, their profits are going to go up. and they are right. i give them credit for that. that is right. and that is what unfettered free trade has meant in this country. and on and on it goes. it is not just mr. inmelt, the head of general electric. it is not just mr. donahue, the head of the chamber of commerce. it is major corporation after major corporation. it is wall street. it is all of the moneyed interests. before the agreement they tell us as part of the discussion, oh they

mr. donahue. appreciate those kinds words and for your leadership. this is a great crowd. big crowd for many universities and many would be here early morning, but not for you all. certainly not for me. we have cadets here. we have mid shipmen here from georgetown, university of maryland, howard university, george mason and george washington university. all here today. wonderful. it's a privilege to be with you. the reason our military is the finest fighting force the world has ever known is its people. and taking care of our people, whether that's in afghanistan or bases around the country or studying here in the nation's capitol, taking care of them is my highest priority. taking care of them is my highest priority. and i want to thank you each and every one of you, you and your families for your hard work and service. do you know there's a lot going on in the world, a lot on my plate as secretary of defense. we have challenges in afghanistan with isil russian provocations and cyber attacks. we're also working to reform how the pentagon spends money. recover from 14 year