Political Quotes

On the recordSeptember 26, 1996
on January 31, President Clinton announced he was assembling a bailout for Mexico. This plan offered direct loans up to $20 billion for Washington, DC, and $27.8 billion from international agencies to help Mexico through its economic crisis. But did Mexico need all of it? The Mexican economic crisis began in late December 1994, and President Ernesto Zedillo was inaugurated as the Mexican President on December 1, 1994. Is Mexico really in dire straits? The President of Mexico claims to make $8,000 a month. This past weekend in an article the Mexico Civil Alliance has found that the Mexican President has a secret fund of $86 million approved by Mexico's Congress for 1996 to use at his discretion. The Mexican mayor received a $100,000 Christmas bonus. Again, did we really need to bail Mexico out without any questions? Or did we simply give their Government more money to use at their discretion to give bonuses and have secret funds? No more executive orders for bailouts. Where is the economic accountability for our taxpayers?
Said by
Bob Ney
Ohio

Editor's note · Context

Addressing the U.S. bailout for Mexico during a congressional debate.

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