If Congress rejects President Clinton's call to guarantee $40 billion in loans to Mexico ... the damage to the United States' prestige as a world economic leader would be severe, analysts said...."The prestige of the president, the Fed chairman and the leadership of both houses in Congress has been committed," said Robert Hormats, vice chairman of Goldman Sachs International. If Congress were to kill the aid package, "the feeling in the rest of the world would be that we are a nation in disarray, a country incapable of addressing a crisis."
5/29/95
The Washington Post, January 31, 1995:
