Political Quotes

James Norton: “Let me try to rebut two points that have been made here. Makes money. First of all, we lose right off the top. OPIC pays…”

On the recordSeptember 10, 1996
Let me try to rebut two points that have been made here. Makes money. First of all, we lose right off the top. OPIC pays no taxes, pays no dividends, and two-thirds of its income comes from Treasury securities, from us to us. Second, unions who support it, there are always some unions who profit from exports. The real question for us is do we make up in the loss of jobs here? For example, let me take four of the large OPIC users. Ford, minus 160,000 jobs here; Exxon, minus 83,000 jobs here; AT&T, minus 127,000 jobs here, General Electric, minus 185,000 jobs here. When you show me they are making up for that kind of loss of jobs, you will get me.
Said by
James Norton
Ohio
Source
govinfo.gov

Editor's note · Context

Addressing concerns about the Overseas Private Investment Corporation (OPIC) and its impact on U.S. jobs.

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