[Congressional Record Volume 143, Number 18 (Wednesday, February 12, 1997)]
[House]
[Page H455]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       MEXICAN REPAYMENT OF LOANS

  (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, headlines said: Bailout a success, Mexico 
repays Uncle Sam.
  Yellow brick road time. Do not bet your pesos on it. Reports now say 
that all of the money used to repay the loan was borrowed at interest 
rates so high they would make John Gotti blush.
  Folks, I say there is a big con game going on here. Mexico is in a 
shambles, and what is worse, the cancer from Mexico is spreading to 
Uncle Sam. Eighty percent of all narcotics are now coming across the 
border, and there are two giant sucking sounds here, folks: No. 1, 
American jobs going to Mexico; and, No. 2, Mexican cocaine going up 
American noses.
  Beam me up. If this is a success, then General Custer at Little Big 
Horn's victory must have been called a victory.
  Let us stop the propaganda. Let us get a trade policy with Mexico. 
Because the truth is, it simply sucks.

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