Political Quotes

Dana Rohrabacher: In terms of the bailout, the Mexican bailout, there was no vote in this body on the transfer of those funds. In fact…

On the recordMarch 13, 1995
In terms of the bailout, the Mexican bailout, there was no vote in this body on the transfer of those funds. In fact, when the President of the United States turned to Congress and saw that there was no support in Congress for this $40 billion, potentially $40 billion expenditure, he proceeded in what I consider an antidemocratic fashion to scheme and to plot in what could be a legal way of taking billions of our dollars and sending it to Mexico and spending it on the purposes he intended, meaning the bailing out of Wall Street speculators and basically lining the pockets of a corrupt Mexican elite so that the system will not break down in Mexico. Well, perhaps it would be good if the current Mexican elite, which is corrupt, which has been antidemocratic, perhaps it would be good if that power structure did break down and that the people of Mexico at long last would be given a chance for true democracy and honest government, because the grip of their oppressor would have been broken. We have a chance to try to put an end to this. Already $3 billion has been spent. It is up to Congress now to do everything that we possibly can to stop the spending of that money, mainly because--OK, it is wrong but also it will not work. It is not going to save Mexico. Sending--you know, pouring money--it is the old adage, sending good money after bad is not a way to make things right. It will just make things worse. In Mexico, it will not work.
Said by
Dana Rohrabacher
Republican · California

Editor's note · Context

Discussing the Mexican bailout and its implications during a House floor speech.

Share

More from Dana Rohrabacher

Sep 27, 2018

I would hope that we would get some support from these leaders who have been appointed by President Trump to protect the American people in any way they can. Having these airplanes sit on the tarmac in California and elsewhere throughout…

govinfo.gov
Sep 26, 2018

Isn't it somewhat presumptuous of us to go in and then to actually take more of that $833 billion that we are spending in deficit to go in to try to help them--push them in certain directions, even though they already have a democratically…

congress.gov
Jul 24, 2018

What we have got and what we need to recognize that the world is not the same as it was 20 and 30 years ago.

congress.gov
Sep 27, 2018

Something is fundamentally wrong with this scenario.

congress.gov

Other voices in this conversation