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Politics : The Obama - Clinton Disaster
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To: GROUND ZERO™ who wrote (32102)6/22/2010 9:53:15 AM
From: DuckTapeSunroof  Read Replies (1) of 103300
 
Oh! The EXPORT-IMPORT BANK!

(For a minute there when you said that "Obama made a loan" I thought it sounded like you meant him *personally*! Ha!)

The Export-Import Bank is designed to promote American exports, American sales, and American overseas business.

The U.S. Export-Import Bank (Ex-Im Bank) is the principal government agency responsible for aiding the export of American goods and services, and thereby creating and sustaining U.S. jobs, through a variety of loan, guarantee, and insurance programs. Generally, its programs are available to any American export firm regardless of size.

Much of the technology necessary for the deep water under salt drilling and production of oil offshore Brazil is proprietary to AMERICAN COMPANIES.

So, the rapid development of this Western Hemisphere oil basin stands to be very much to our benefit as a nation. Not only will this reduce our current dependence on Middle Eastern and other OPEC oil supplies (Venezuela included <g>) but much of the high tech business will go to American firms.

Not only that but Brazil is a good business risk. :-)

I follow the development of the offshore Brazil (and similar offshore West Africa) oil basins very closely. Sounds like a good strong deal, a win-win to me.

The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States federal government. It was established in 1934 by an executive order, and made an independent agency in the Executive branch by Congress in 1945, for the purposes of financing and insuring foreign purchases of United States goods for customers unable or unwilling to accept credit risk. The mission of the Bank is to create and sustain U.S. jobs by financing sales of U.S. exports to international buyers....
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