Political Quotes

“what is truly behind the $40 billion in loan guarantees to Mexico? Some have called it a bailout for Mexico, but I might call it a bailout for the banks and wealthy financiers and investors in the Mexican markets. Mr. Speaker, there is risk involved in every investment. These institutions and individuals knew full well what was in front of them. They made the investments; we did not. And now that the investments have soured some, it should not be the responsibility of the United States to make up their losses. Now the President is going to act on his own. He is going to bypass Congress because he knows it is not going to pass the U.S. Congress. We are not talking about peanuts. Forty billion dollars is a lot of money, and what happens if Mexico defaults on these loans? What assurances do we have that we are protected by their oil reserves or any other kind of collateral? Forty billion dollars--that could be used to control crime, offset the shortfall in defense, make our streets safer, immunize our children, and make job training and continuing education available for more Americans.”