Political Quotes

On the recordMarch 24, 1998
I speak to you and my colleagues here today as a supporter of the International Monetary Fund. I believe that the crisis in Southeast Asia is one that is important to the economy of the United States, and that those nations in Southeast Asia that are in great financial difficulty can be helped to work their own way out of these economic difficulties by the kind of prescriptions to which the International Monetary Fund has subjected them. One of those nations, South Korea, is bound to us by the close-as-possible ties of blood and sentiment over almost half a century and, reflecting the views of the people of the United States, has become a free market and a democracy. Another of those nations, the Philippine Republic, has been tied to us for a full century and has struggled in the direction of free markets and of a democracy during that period of time. Today, it is a rather considerable success at both. Thailand and Malaysia are trying, with great difficulty, to meet the financial challenges with which they have been faced. One nation, however, does not fall into any of these categories. In Indonesia, President Soeharto is a wholly owned family enterprise.…
Said by
T. Gorton
Republican · Washington

Editor's note · Context

Discussing the importance of the International Monetary Fund in addressing the Southeast Asian financial crisis.

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