Wednesday, May 9, 2012

And Next: EXIMBank $3B for LNG

After MY being outed as a GOP extremist, GOP extremists announce the taxpayers are on the hook for $3 billion in loans to support an AUSTRALIAN project that will sell LNG to Japan and China!

Wait, what?  China needs USA financing?  China is sitting on a trillion dollars of our money and we have to finance a deal for them?

Ex-Im's financing is expected to support an estimated 11,000 American jobs. Principal U.S. exporters are ConocoPhillips Co. and Bechtel International, both of Houston, Texas.

Read more here: http://www.sacbee.com/2012/05/08/4475060/ex-im-bank-approves-nearly-3-billion.html#storylink=cpy






Expected?  How about those companies CEOs go to jail if not?   They never do generate the jobs.

"Our authorization paves the way for U.S. companies to export equipment and services to this major LNG project and, in so doing, to maintain thousands of American jobs across the country," said Ex-Im Bank Chairman and President Fred P. Hochberg

Read more here: http://www.sacbee.com/2012/05/08/4475060/ex-im-bank-approves-nearly-3-billion.html#storylink=cpy


Well, he would say that, wouldn't he?  What it means is those companies are so overbloated and uncompetitve that the only way that Australia, China and Japan will let those companies play is if Conoco Becthel get USA taxpayers to pay Conoco Bechtel.  This is like Detroit paying you $50,000 to buy a $50,000 car.  OK.

Feel free to forward this by email to three of your friends.


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