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Mark Pocan: “The $20 billion currency swap and then an additional 20…”

Featuring: Mark Pocan, Democratic | U.S. House, Wisconsin, District 2

With Liberty and Justice for Some Ep. 51 with Dean Baker

Published January 28, 2026 | Video Starts at 29:43

I, I can tell you Nebraska, Iowa, Wisconsin, Minnesota, Michigan, parts of Illinois. I mean, this idea, I'm hoping you can explain it because I know it's intentionally somewhat convoluted. But The $20 billion currency swap and then an additional 20 billion reduced price loan to Argentina. So it's a country with a right wing leader. Trump likes him, so he's done these deals. (29:43–29:50)

CLAIM

Asserts that there is a $20 billion currency swap and an additional $20 billion loan to Argentina.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Mark Pocan

“Trump claims they've brought in $18 trillion, despite customs and Border Protection saying the total is more like 200 billion.”
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“The average family is probably paid about $1,700 in tariffs.”
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“That 40 billion is more than we spent in total on USAID across the entire planet in doing assistance just with one country.”
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“Most economists say that consumers ultimately pay most of the tariff cost, making them in essence, a backdoor tax on all of us.”
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“Wisconsin still has a good number of manufacturing jobs.”
With Liberty and Justice for Some Ep. 51 with Dean Baker | Uploaded January 28, 2026 | 13:11-13:15
“You can't make the investments if you don't know the consistency of whatever Donald Trump's policy is.”
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“Vegetables and dairy, they come from Canada. And people were seeing almost double increases in the cost of bottles.”
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“I've talked to manufacturers because again, Wisconsin still has a decent number of manufacturing jobs compared to other states.”
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“One large manufacturer of a medical device, you know, half of their market is China.”
With Liberty and Justice for Some Ep. 51 with Dean Baker | Uploaded January 28, 2026 | 23:24-23:29
“They largely make things 70% sourced in the United States, but they're getting increases on the other 30%.”
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“They can't sell to their number one market. And that's affecting Manufacturing jobs.”
With Liberty and Justice for Some Ep. 51 with Dean Baker | Uploaded January 28, 2026 | 23:36-23:42
“Farmers of Wisconsin don't get the idea why, you know, they're hurting as we're bailing out Argentina.”
With Liberty and Justice for Some Ep. 51 with Dean Baker | Uploaded January 28, 2026 | 30:05-30:12
“Argentina gets orders from China to do things that we were selling from Wisconsin agriculturally.”
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