On the recordJanuary 31, 1995
The other irony, I think, perhaps the interesting irony in this whole affair is that I personally happen not to be a great believer in the free enterprise system for many reasons. I do respect people who take a risk and, having taken that risk, if they do well, they earn a whole lot of money. I think that is okay. But when you take a risk by definition, there is a chance that you may lose. I find it really outrageous that the people who invested in Mexico, especially after the NAFTA agreement, they invested a whole lot of money, and they expected a high rate of return. Well, things did not turn out the way they expected. That is unfortunate. But in Vermont, small businesses are having very great difficulty, family farmers, workers, having very great difficulty. And yet they do not have the U.S. Government guaranteeing their investment. What a wonderful world it is for Wall Street investors. It is heads, I win; tails, you lose. Heads, I win and get a large rate of return from my investment in Mexico or tails, you guarantee my investment. Sorry, the American taxpayer. So they make these investments. And then they come crawling into the Congress and say, gee, Congress, gee, Mr. President, we very, very wealthy people may have to lose some money. That is unacceptable. We are very wealthy. We are not supposed to lose any money. So you ordinary Americans, average taxpayers, workers who may have seen your jobs go to Mexico, we want you to bail us out.
Source
govinfo.gov




