The amazing thing to me is when you understand what the policy of the IMF is. They have gone into these countries. They have encouraged these countries to devalue their dollar. Let us translate that so our folks understand exactly what that means, because it is incredible. It is absolutely incredible that the folks, my colleagues from the other side of the aisle, supported this effort today. When the IMF goes in and devalues the currency in a foreign country, what that means is it makes their goods cheaper to ship to the United States and any American-made goods more expensive to ship to their country. So how in the world did we have my colleagues on the other side of the aisle, supported en masse by the unions of this country, come out here and vote to not just keep the IMF where it is, because it already has the money to do the things it is doing now, but vote to expand the IMF that is going into these countries and encouraging this devaluation of their dollar system, so that their goods become cheaper to ship into our country and our American-made goods, produced by our American workers, with American jobs, become more expensive in their countries?
Mark Neumann: “The amazing thing to me is when you understand what the policy of the IMF is. They have gone into these countries. They…”
Editor's note · Context
Discussing the impact of IMF policies on American jobs and trade.
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