[Congressional Record Volume 141, Number 16 (Thursday, January 26, 1995)]
[House]
[Page H700]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


  COSIGNING A LOAN TO ONE OF THE MOST CORRUPT REGIMES IN THE WORLD IS 
                                 WRONG

  (Mr. TAYLOR of Mississippi asked and was given permission to address 
the House for 1 minute.)
  Mr. TAYLOR of Mississippi. I hope our Speaker is listening because 
the American people would like to know when he is going to schedule the 
vote on the Mexican $40 billion bailout.
  I say to the Speaker, ``You want to call it a loan guarantee. Well, 
if you want to loan one of the most corrupt regimes in the world $40 
billion, to cosign a note personally, you're welcome to do so.''
  If the President of the United States would like to do so personally, 
Mr. Speaker, he is also welcome to do so.
  However, Mr. Speaker, do not ask the American people to cosign a loan 
to one of the most corrupt regimes in the world and be held 
accountable.
  A couple of years back, in fact less than 1\1/2\ years ago, the now 
Speaker and President said we have to pass NAFTA or the Mexican economy 
will fail. Well, I voted against it, but the majority voted for it. 
They passed NAFTA, and now the Mexican economy has failed. They said we 
have to pass NAFTA or we will lose jobs in America. Well, unfortunately 
the majority voted for NAFTA, and we have lost 700 manufacturing jobs 
in my south Mississippi congressional district alone.
  I say, ``Mr. Speaker, you all have been wrong twice. Let's don't be 
wrong three times. If you're not going to have a vote, then tell the 
American people you will not schedule a vote. But if you're going to 
have a vote on this bailout, tell the American people when it's going 
to be, and let's don't have it in the middle of the night when the 
television cameras and the reporters are gone.''

                          ____________________