Political Quotes

James Traficant: “Check this out, Mr. Speaker. Foreign banks make bad loans to bad companies; then these foreign banks go belly up. They…”

On the recordMarch 10, 1999
Check this out, Mr. Speaker. Foreign banks make bad loans to bad companies; then these foreign banks go belly up. They dial 911 for Uncle Sam, and Uncle Sam sends them checks for billions of dollars. Billions to Russia, South Korea, Thailand, and now Brazil. And guess what? They all have something in common. Each and every one of those countries violate our trade laws. Beam me up, Congress. Even Barney Fife can figure this out. If Congress does not stop this madness, the 1990s will end up looking just like the Roaring Twenties. Before we tax our IRAs, I yield back a $200 billion trade deficit in the international masochist fund.
Said by
James Traficant
Ohio
Source
govinfo.gov

Editor's note · Context

Discussing foreign bank bailouts and trade deficits during a speech in Congress.

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