Redistribution of American Wealth

patriotpost

Finally, Obama’s ban doesn’t apply to the Mexican state oil company PEMEX, to which the U.S. Export-Import Bank is guaranteeing $1 billion in loans to support drilling operations. Bank spokeswoman Maura Policelli claims past loans to PEMEX have “helped create or sustain” American jobs. That’s little consolation to Gulf workers facing job losses as Obama hand-ties private U.S. oil companies while funding Mexico’s government-run counterpart.
Front Page