[Congressional Record Volume 141, Number 20 (Wednesday, February 1, 1995)]
[House]
[Page H976]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                    WE ARE PART OF A GLOBAL ECONOMY

  (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, President Clinton made a courageous move 
in bypassing the Congress on the Mexican peso issue. He had no choice.
  Mexico was going down the tubes, and the votes in Congress for this 
unpopular initiative were just not there. He acted with proper 
authority, and in the end he made the right decision.
  A stable Mexico is critical to American interests, and let us hope we 
do not have to revisit this Mexico issue again.
  What are the lessons of this episode? Bipartisanship on the Mexican 
issue did not have its finest hour. In the end it looked like the 
package was being peddled in a bazaar.
  We must do better on these critical national-security issues.
  Second, we must remember that we are all part of a global economy, 
and that turmoil in a country, especially a friend like Mexico, affects 
us all.


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