From Fox News: “Despite President Obama’s moratorium on U.S. deepwater drilling in the Gulf of Mexico, the U.S. Export-Import Bank intends to guarantee $1 billion in loans to PEMEX, the Mexican state oil company, to bolster the company’s oil drilling in the region… The latest request comes during a drilling moratorium that was first imposed by Obama in May to find out what was the cause behind the April 20 Deepwater Horizon oil rig explosion killed 11 workers and led to 206 million gallons of oil spewing from BP’s undersea well.”
This must not stand.
We have another elitist organization that is beholden to no one taking taxpayer dollars to throw away at projects that are not in the national interest.
Its spokeswoman would not even go on camera to defend this. She sent an e-mail. She said this doesn’t involve deep drilling.
Naturally. Mexico is not stupid. It drills close to the beach where if something goes wrong it is easily fixed.
Why finance Mexico?
What, allowing Mexicans to run roughshod over the border is not enough?
That’s it.
Shut the bank down.
Revoke its charter.
Let the people in it go without pensions either.
And investigate its executives.
This decision is too stupid even for liberals. It is what happens when the bureaucracy takes over the ship of state.
1 comment:
Mexico would be a rich prosperous country if they weren't so corrupt. Their officials, at every level of government and corporate officialdom, steal everything they can get their hands on. I've been to Mexico. Its a third world hellhole. Tarpaper shacks, dirt roads, run-down towns, even the Wal Mart's have machine gun toting soldiers at the front of the store. The people are deathly afraid of their own police, who kill like gangsters, with no fear of the consequences. But their oil reserves revenue alone have the ability to transform the country into a paradise, that is, except for the complete and utter corruption. Now WE, the United States, in debt beyond repair, need to loan them money??? WHAT?! Have their politicians stop STEALING... they would have plenty. And where do you think most of THAT billion dollars is going to go??? NOT for exploration, development, or research. Thats for sure..and EVERYONE KNOWS IT. Obama, too. Bribes, kickbacks, and payoffs....goodbye billion dollars...
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