[Congressional Record Volume 144, Number 78 (Tuesday, June 16, 1998)]
[House]
[Page H4577]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




           INTERNATIONAL MONETARY FUND IS NOT A LOAN PROGRAM

  (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, Japan is beating the White House like a 
drum. Check this out: Japan lets the yen hit rock bottom, making 
Japanese products lower than a Dolly Parton wonder bra, forcing Japan's 
Asian rivals to dial 911 for Uncle Sam, who has already given $120 
billion from the International Monetary Fund to bail out Korea, 
Thailand, and Indonesia. And, you guessed it, the White House says, 
they need it and the White House wants $18 billion more for IMF.
  Beam me up, Mr. Speaker. Let us tell it like it is. This 
International Monetary Fund does not look like a loan program to me. It 
is starting to look like international welfare, and Japan is cashing 
the food stamps while they laugh all the way to the bank with our 
dollars.
  You think about that, and I yield back the 207 points of fright on 
Wall Street.

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