Tuesday, September 21, 2010

U.S. Government Loaned Mexican Government More Than $1 Billion to Drill Oil in Gulf of Mexico

The U.S. Export-Import Bank, an independent federal agency, loaned more than $1 billion to the Mexican state oil company PEMEX in 2009 to support the company’s oil drilling in the southern Gulf of Mexico. The bank has another $1 billion in loans in the pipeline for 2010, unless Congress objects.

On May 27, after the British Petroleum oil spill, President Obama imposed a moratorium on U.S. deepwater drilling in the Gulf, effecting 33 deepwater drilling rigs in the region.

So let me get this straight? We ban drilling in the Gulf of Mexico, The U.S. Oil Companies layoff Thousands of workers, and now OUR Government loans the Mexican Government $1 Billion dollars so they can drill in the Gulf of Mexico.......
Looks like just another step in the Socialist Plan to Re-Distribute wealth away from the U.S. and give the jobs to a poorer country. The results will be, put the workers on unemployment benefits, the jobs will not return, the workers will draw unemployment, loose their homes, some will file for bankruptcy...Just another day in Washington DC.
The people in Washington wants you to believe they have your back.. Yeah Right!!

Time for a change the President's plan is to destroy this country and the democratic congress is a rubber stamp. There is not a Tea Party candidate or true conservative that would vote for this...Remember That!!

Michael Mack
An American