Bob Dole in My Life, by Bill Clinton


On Foreign Policy: 1993: Post-Cold War Russia aid avoided post-WWI errors

In March 1993, I got an assistance program I could support: $1.6 billion in direct aid to help Russia stabilize.

Although a public poll said that 75% of the American people were opposed to giving Russia more money, and we were already in a hard fight for the economic plan, I felt we had no choice but to press ahead. American had spent trillions of dollars in defense to win the Cold War; we couldn't risk reversal over less that $2 billion and a bad poll. To the surprise of my staff, the congressional leaders, including the Republicans, agreed with me. At a meeting I convened to push the plan, Senator Joe Biden, the chairman of the Foreign Relations Committee, strongly endorsed the aid package. Bob Dole came around on the argument that we didn't want to foul up the post-Cold War era the way the victors in World War I had done. Their shortsightedness contributed mightily to World War II, in which Dole had served so heroically.

Source: My Life, by Bill Clinton, p.506-507 Jun 21, 2004

On Foreign Policy: 1994: Supported $25B Mexico bailout

We asked the Congress to approve $25 billion in loans to allow Mexico to pay its debt on schedule and retain the confidence of creditors & investors, in return for Mexico's commitment to financial reforms & more timely reporting on its financial condition, in order to prevent this from happening again.

The risks were considerable, but I had confidence in Mexico's new president, Ernesto Zedillo. Besides, we simply couldn't let Mexico fall without trying to help. In addition to the economic problems it would cause both for us and for the Mexicans, we would be sending a terrible signal of selfishness and shortsightedness throughout Latin America.

I called the congressional leaders to the White House, explained the situation, and asked for their support. All of them pledged it, including Bob Dole.

Congress would not pass the bill so we ended up providing the money to Mexico out of the Exchange Stabilization Fund.

Source: My Life, by Bill Clinton, p.642-643 Jun 21, 2004

The above quotations are from My Life, by Bill Clinton.
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