Political Quotes

On the recordJanuary 26, 1995
I hope our Speaker is listening because the American people would like to know when he is going to schedule the vote on the Mexican $40 billion bailout. I say to the Speaker, ``You want to call it a loan guarantee. Well, if you want to loan one of the most corrupt regimes in the world $40 billion, to cosign a note personally, you're welcome to do so.'' If the President of the United States would like to do so personally, Mr. Speaker, he is also welcome to do so. However, Mr. Speaker, do not ask the American people to cosign a loan to one of the most corrupt regimes in the world and be held accountable. A couple of years back, in fact less than 1 rac{1}{2} ext{ years ago, the now Speaker and President said we have to pass NAFTA or the Mexican economy will fail. Well, I voted against it, but the majority voted for it. They passed NAFTA, and now the Mexican economy has failed. They said we have to pass NAFTA or we will lose jobs in America. Well, unfortunately the majority voted for NAFTA, and we have lost 700 manufacturing jobs in my south Mississippi congressional district alone. I say, ``Mr. Speaker, you all have been wrong twice. Let's don't be wrong three times. If you're not going to have a vote, then tell the American people you will not schedule a vote. But if you're going to have a vote on this bailout, tell the American people when it's going to be, and let's don't have it in the middle of the night when the television cameras and the reporters are gone.''
Said by
Gene Taylor
Mississippi

Editor's note · Context

Addressing the proposed $40 billion bailout for Mexico and its implications.

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