Political Quotes

On the recordJanuary 17, 1995
Good car, and, if they talk about selling Thunderbirds in Mexico, if it cost $14,000 today in Mexico, 3 weeks ago in Mexico, today it will cost about $4,000 more than that, and people-- think about it yourself. I say to my colleague, you are not going to buy a car where the price has gone up $4,000, and the relatively few cars we are selling in Mexico that are made in America, that number is going to shrink. Going the other way it is going to increase with the way prices have shifted because of peso devaluation, and I think, as the gentleman from California says, it's a lose, lose, lose situation where not only are we losing American jobs, not only are we losing jobs before the peso devaluation, it is getting worse with devaluation, and they are asking for taxpayers dollars to bail them out. We have got to examine this question much more carefully.
Said by
Sherrod Brown
Democratic · Ohio

Editor's note · Context

Discussing the impact of peso devaluation on American car sales and jobs.

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