The Israeli elections in June and the smooth transition of power from the Likud government to the Labor Party is testimony to the democratic foundations upon which the State of Israel rests. And. I was very happy to see the warm reception that Prime Minister Rabin received from the President in Kennebunkport yesterday. A few weeks ago. I along with 150 of our colleagues in the House wrote President Bush to urge the expeditious consideration of a package of loan guarantees for Israel. Israel is facing a severe economic and housing crisis as It struggles to absorb tens of thousands of immigrants from the former Soviet Union. And. todays announcement that the United States will guarantee loans is a very positive development. The loan guarantee announcement from Mr.
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immigrants