*  *  *  Accompanying charts can be found at the end of the speech. Introduction Good evening, ladies and gentlemen. It is a great honor and pleasure for me to be able to speak to you at this esteemed institution today.
Protectionism in all its guises, both domestic and international, does not contribute to the welfare of American workers. At best, it is a short-term fix at a cost of lower standards of living for the nation as a whole. We need increased education and training for those displaced by creative destruction, not a stifling of competition.