[Congressional Record Volume 141, Number 19 (Tuesday, January 31, 1995)]
[House]
[Page H898]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




      A LOAN TO MEXICO: BAILING OUT EVERYONE BUT OUR CONSTITUENTS

  (Mr. TRAFICANT asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. TRAFICANT. Mr. Speaker, let us see if I understand this: Orange 
County, CA filed bankruptcy, the District of Columbia is technically 
bankrupt, and the President and Congress at the highest levels are 
talking about bailing out Mexico.
  And Wall Street agrees and the banks agree. Would you not? Forty 
billion dollars for Mexico takes the banks off the hook, it takes 
Mexico off the hook, it takes Wall Street off the hook, and it puts 
your constituents and mine right on the platter, right in the frying 
pan.
  That is good old American policy: ``Take care of everybody overseas 
and forget our own.''
  I say, Members, let us not forget when Mexico nationalized the oil 
industry and screwed American investors. Man, and they did not even say 
``I am sorry.''
  Think about it, Congress. If we have got $40 billion to bail out 
anybody, how about your city, my city, any city, U.S.A. How about good 
old America for a change.


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