Political Quotes

Rob Andrews: “I share with my friend from Illinois a real desire to develop Africa and other less developed areas. I just think we…”

On the recordAugust 2, 1999
I share with my friend from Illinois a real desire to develop Africa and other less developed areas. I just think we should do it openly and directly and not through the Trojan horse of corporate welfare which I believe is what OPIC is. Here is what OPIC really says. If someone wants to build a plant or a factory in New Jersey or Oregon or Texas, they are on their own, they have to go to a bank and take a risk and borrow the money themselves. But if they want to build the plant in a foreign country, another continent, then the United States taxpayers, if they are big enough and powerful enough, will have to reach into our pockets and subsidize it. The idea of us subsidizing these operations is wrong. Let us end corporate welfare as we know it and support this amendment.
Said by
Rob Andrews
Democratic · New Jersey
Source
govinfo.gov

Editor's note · Context

Addressing concerns about corporate welfare and the role of OPIC in foreign investments.

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