On the recordFebruary 12, 1997
headlines said: Bailout a success, Mexico repays Uncle Sam. Yellow brick road time. Do not bet your pesos on it. Reports now say that all of the money used to repay the loan was borrowed at interest rates so high they would make John Gotti blush. Folks, I say there is a big con game going on here. Mexico is in a shambles, and what is worse, the cancer from Mexico is spreading to Uncle Sam. Eighty percent of all narcotics are now coming across the border, and there are two giant sucking sounds here, folks: No. 1, American jobs going to Mexico; and, No. 2, Mexican cocaine going up American noses. Beam me up. If this is a success, then General Custer at Little Big Horn's victory must have been called a victory. Let us stop the propaganda. Let us get a trade policy with Mexico. Because the truth is, it simply sucks.
Source
govinfo.gov
