Treasury Secretary Ripped For ‘friggin’ Banana Republic’ Remarks

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TREASURY SECRETARY RIPPED FOR ‘FRIGGIN’ BANANA REPUBLIC’ REMARKS

White House Apologizes For O'Neill's Ricky Ricardo Imitation

Continuing his difficult tour of Latin America, Treasury Secretary Paul O’Neill apologized to Argentina’s President Eduardo Duhalde today for remarks in which O’Neill called Argentina “a friggin’ banana republic.”

Secretary O’Neill’s controversial comments, made to reporters as his plane touched down in Argentina, were as follows: “Lend money to Argentina? No way! I’m not giving one thin dime to that friggin’ banana republic.”

Mr. O’Neill later characterized the remarks as “insensitive” and offered the cash-strapped Latin American nation $30 billion in loan guarantees to make amends.

But right after his meeting with President Duhalde, the Treasury Secretary turned to reporters and said, “Well, that’s thirty bill down the drain. I’ll bet old Duhalde just goes out dancing with a bowl of fruit on his head.”

After his bowl-of-fruit remarks created a furor in Latin American circles, Secretary O’Neill apologized once again and granted Argentina another thirty billion dollars worth of loan relief.

But upon boarding the plane to leave Argentina, Mr. O’Neill fanned the flames of controversy yet again, saying he did a “killer imitation” of President Duhalde, launching into a performance reminiscent of a hotheaded tirade by the Ricky Ricardo character on the old “I Love Lucy” television series.

By the time the day was over, the U.S. had pledged over ninety billion dollars in loan guarantees to Argentina to apologize for Mr. O’Neill’s various missteps, leaving many White House aides frustrated by the Treasury Secretary’s penchant for costly faux pas.

“Every time O’Neill opens his piehole, it costs the taxpayers another thirty billion dollars,” one aide groused.

**** BOROWITZ ON NPR THIS SUNDAY ****

Andy Borowitz talks about the violation of sacred trusts -- and why it's cool with him. This Sunday morning on National Public Radio's "Weekend Edition Sunday." Check local listings.
 














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