Political Quotes

James Traficant: Japan is beating the White House like a drum. Check this out: Japan lets the yen hit rock bottom, making Japanese…

On the recordJune 16, 1998
Japan is beating the White House like a drum. Check this out: Japan lets the yen hit rock bottom, making Japanese products lower than a Dolly Parton wonder bra, forcing Japan's Asian rivals to dial 911 for Uncle Sam, who has already given $120 billion from the International Monetary Fund to bail out Korea, Thailand, and Indonesia. And, you guessed it, the White House says, they need it and the White House wants $18 billion more for IMF. Beam me up, Mr. Speaker. Let us tell it like it is. This International Monetary Fund does not look like a loan program to me. It is starting to look like international welfare, and Japan is cashing the food stamps while they laugh all the way to the bank with our dollars. You think about that, and I yield back the 207 points of fright on Wall Street.

Editor's note · Context

Criticizing U.S. financial support to Asian countries and the role of the International Monetary Fund.

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