The US Export Import Bank is designed to help American companies and American workers compete in the global market place. The 2 billion dollar loan was not a give away to the commies in Brazil or a payback to “billionaire socialist” George Soros. It was designed to promote American made products in the oil industry. Phil Cogan:
“This is the government doing what it’s supposed to do: Create jobs and make sure that Americans get a fair shot at selling goods and services – not the British or the French or anyone else – and to help American workers compete on a level playing field.”
This loan ensures that Brazil will increase the global energy supplies using American made products. Oh my god, the controversy! Let’s impeach Obama for providing a loan, which will be payed back plus interest, that safeguards American jobs!
Oh and by the way, the bank is self-sustaining. It does not rely on tax dollars.