[Congressional Record Volume 141, Number 10 (Wednesday, January 18, 1995)]
[House]
[Page H310]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




       GUARANTEEING LOANS TO MEXICO IS IN OUR NATIONAL INTERESTS

  (Mr. RICHARDSON asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. RICHARDSON. Mr. Speaker, the issue of guaranteeing loans for 
Mexico is not the S&L bailout. It is not NAFTA once again. It is not 
bailing out big businesses and corporations. Let us not politicize an 
issue where we have no choice but to act in a responsible and 
bipartisan manner.
  The issue of guaranteeing loans to Mexico is in our national 
interests. Surely we are helping a friend, but it also means keeping a 
hundred one million jobs in exports. It means stopping an influx of 
additional illegal immigrants. It means stopping an erosion of Third 
World economies.
  Mr. Speaker, let us not impose some conditions that preserve 
taxpayers exposure. Let us make sure there is an up-front fee and that 
we are paid in full. But again, Mr. Speaker, let us not politicize an 
issue that we need to act on in a bipartisan and responsible manner.

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