The financial crisis in Mexico is a case in point. I know it's not popular
to say it tonight but we have to act, not for the Mexican people but for
the sake of the millions of Americans whose livelihoods are tied to
Mexico's well-being. If we want to secure American jobs, preserve American
exports, safeguard America's borders then we must pass the stabilization
program and help to put Mexico back on track.
Now let me repeat: it's not a loan, it's not foreign aid, it's not a
bail-out. We'll be given a guarantee like co-signing a note with good
collateral that will cover our risk.
This legislation is the right thing for America. That's why the bipartisan
leadership has supported it. And I hope you in Congress will pass it
quickly. It is in our interest and we can explain it to the American
people, because we're going to do it in the right way.