Speech #1040014905

Speaker. over the last 24hour period. we have heard a litany of reasons in support of what the Clinton administration has done in its efforts to prop up the Mexican peso. We have heard. for example. that the United States economy will suffer irreparable harm if the Mexican economy remains as weak as it is. We have heard that illegal immigration will explode if the United States does not prop up the Mexican peso. We have heard intimations that Mexico and other Latin countries will be unable to help continue to control certain undesirable activities such as drug trafficking and money laundering from and through Latin America. We have heard that delayed action is worse than no action.