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"The Ex-Im Bank also would like it known that no loan has yet been made, and that the "preliminary commitment" could eventually result in either a direct loan or a loan guarantee. Either way, the Ex-Im Bank states, "no taxpayer dollars are involved." The bank is self-sustaining."
"The Ex-Im Bank also would like it known that no loan has yet been made, and that the "preliminary commitment" could eventually result in either a direct loan or a loan guarantee. Either way, the Ex-Im Bank states, "no taxpayer dollars are involved." The bank is self-sustaining."
Anyway, anytime a sitting POTUS makes a deal concerning money, it IS TAX MONEY! He has absolutely NO AUTHORITY to make promises or loan garantees with anyone else's money but tax payer money.
Anyway, anytime a sitting POTUS makes a deal concerning money, it IS TAX MONEY! He has absolutely NO AUTHORITY to make promises or loan garantees with anyone else's money but tax payer money.
The. president. didn't. make. the. deal.
"Charge: The loans to Petrobras represent a giveaway of U.S. tax dollars.
Fact: Ex-Im is a self sustaining, independent agency which operates at no cost to the taxpayer. In fact, since 1992 the Ex-Im has earned and sent to the U.S Treasury more than $4.9 billion in fees and interest earned by the Bank."
Since the mission of the bank is to further the US economy maybe Brazil will be thankful and buy some stuff from us although I'm not sure what we produce anymore besides raw commodities.
"Charge: The loans to Petrobras represent a giveaway of U.S. tax dollars.
Fact: Ex-Im is a self sustaining, independent agency which operates at no cost to the taxpayer. In fact, since 1992 the Ex-Im has earned and sent to the U.S Treasury more than $4.9 billion in fees and interest earned by the Bank."
I find this new information to be suspect. The only places I found where it is saying this is FactCheck and Snopes. Both Propaganda tools for the government. I did, however find a ton of links saying that Obama WAS behind the deal, but not a single source other than those 2 I mentioned saying anything else. Oh, and of course EXIM's webpage... More propaganda. Don't you know that when you want to know the truth about what the government is up to you CAN NOT go to THEIR OWN websites!!!!! You really think they are honest???? LOL
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