[Congressional Record Volume 141, Number 45 (Friday, March 10, 1995)]
[House]
[Page H2994]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           FALL OF THE DOLLAR

  (Mr. ROTH asked and was given permission to address the House for 1 
minute.)
  Mr. ROTH. Mr. Speaker, today we are seeing the true effects of 
President Clinton's $20 billion bailout of Mexico. In spite of his use 
of $20 billion, worked for, paid for, and belonging to the American 
taxpayer, the Mexican economy continues its downward slide toward 
collapse. The peso dropped to another historic low last night, and it 
is expected to go even lower.
  The American taxpayers have been fooled again. This bailout was to be 
the magic formula for the Mexican economy, but it turned out to be 
poison for both them and for us.
  The dollar, once a solid foundation of the global economy, fell again 
yesterday.
  The eyes of the world have now looked on our economy as being 
destined to be linked with Mexico's. By doing so, we have committed an 
injustice to our own economy and to that of the American taxpayer. The 
American taxpayer has been victimized again, thanks to Mr. Clinton.

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