The Obama - Clinton Disaster Message Board

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Politics : The Obama - Clinton Disaster

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To: GROUND ZERO™ who wrote (32157)	6/23/2010 1:29:14 AM
From: DuckTapeSunroof	Read Replies (1) of 103300

What is it about the Export-Import Bank's operations that you don't understand? They DON'T GIVE loans domestically. They give loans to BIG FOREIGN PURCHASERS of AMERICAN PRODUCTS specifically to support and enable those biggest purchases of American goods. That is what they have always done since (what? 1949 or something like that?) Typical loans might be something like to Egypt's government (for them to then purchase American wheat in vast quantities) or, as this example, to Brazil-backed PetroBra to buy gobs of American drilling equipment, computer services, specialized alloy pipe, drill platforms and other services.... Tell me you don't see the hypocrisy of the Murdock-owned WSJ deliberately lying in it's opinion piece about this matter, (deliberately conflating/obscuring the facts of two entirely dissimilar things), in an effort to rile the hoi palloi up by confusing them --- when I know DAMN WELL that those WSJ folks aren't THAT STUPID and they know full well that the Ex-Im bank loans are formally proposed by the very AMERICAN COMPANIES who --- having contracts in-hand --- want to promote and secure the foreign sale of their product.

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