Page:United States Statutes at Large Volume 100 Part 1.djvu/716

 100 STAT. 680

PUBLIC LAW 99-347—JUNE 30, 1986

Public Law 99-347 99th Congress Joint Resolution June 30, 1986 [S.J. Res. 346]

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To designate June 21, 1986, as "National Save American Industry and Jobs Day".

Whereas the United States has been a model of economic strength throughout history; Whereas the manufacturing industries of the United States have grown continuously, have created a high standard of living for Americans, and now generate more than $1,500,000,000,000 of the annual gross national product of the United States; Whereas the manufacturing industries of the United States have excelled in meeting the needs of consumers in the Nation and have responded to the needs of the United States and its allies during periods of armed conflict; Whereas the United States maintains a policy of allowing the products of foreign industry to be sold in the United States with few restrictions; Whereas such policy has helped to improve the economies of many foreign nations, particularly the economies of underdeveloped foreign nations; Whereas, in many cases, the retail price of imported goods is artificially low due to subsidies by foreign governments; Whereas the purchase of imported goods by consumers in the United States is having a detrimental effect on the manufacturing industries of the United States; Whereas the officers of many manufacturing companies in the United States are restructuring their companies at a rapid rate because of reduced demand for many of the products manufactured in the United States; Whereas such restructuring has included the closing of many plants and the resulting loss of many jobs; Whereas more than 8,500,000 workers in the United States are unemployed, sales of products manufactured in the United States are generally not increasing, and the rate of pay for workers who continue to be employed has become depressed; Whereas consumers in the United States should become aware of the origin of the goods such consumers purchase and the effect of buying imported goods on the manufacturing industries of the United States; and Whereas the accomplishments and needs of the manufacturing industries of the United States and all employees of such industries should be recognized: Now, therefore, be it

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