Political Quotes

“Obviously, that kind of discussion is money that would be foregone, not spent. But it does not use the offset of the revenue that comes in from the jobs which are created, which produces the $24 billion net surplus to the Federal coffers as a result of the tax payments which are made. We have dealt with the issues of the distorting of free trade, does it do that. No, it does not. It is actually making trade more market driven than it otherwise would be. The so-called tied aid export promotion offered by foreign governments worldwide has declined 75 percent by 1991, a dramatic U.S. policy success. We have heard some mention of that. I think we have had some modicum of success in trying to deal with that issue and drive it down as well as some of the other things that we have done, and I think that is the way that we should go. We deal with Eximbank's policy on domestic content. The bank currently only finances products at no more than 15 percent foreign content.”