Export – Import Bank

Export – Import Bank The following statistics were taken from the 2002 Annual Report of the U.S. Export – Import (EXIM) Bank, an agency of the U.S. Treasury. Loans and Long-Term Guarantees

Date Company Amount Location
06/05/02 Boeing $ 9.5 million Algeria
01/31/02 Boeing $567 million Australia
05/31/02 Boeing $202 million Austria
10/18/01 ABB Lummus (oil) $ 24 million @ 5.5% Brazil
3/28/02 Wellstream (oil) $ 8.7 million Brazil
9/30/02 Boeing $477 million Canada
9/12/02 Boeing $130 million China
10/18/01 Swiftships $ 22 million Dominican Rep.
11/8/01 Maya Enterprises $ 30 million Dominican Rep.
12/27/01 Hexaport Intl. $100 million Dominican Rep.
2/14/02 EMB Group $ 24 million Dominican Rep.
2/14/02 Caterpillar $ 25 million Dominican Rep.
4/30/02 Carimex $ 44 million Dominican Rep.
4/30/02 Child Safe Products $ 54 million Dominican Rep.
4/30/02 Carimex $ 15 million Dominican Rep.
4/30/02 Maya Enterprises $ 13 million Dominican Rep.
4/30/02 Maya Enterprises $ 13 million Dominican Rep.
6/20/02 Biwater USA $ 70 million Dominican Rep.
6/20/02 Biwater USA $ 84 million Dominican Rep.
7/3/02 Mayhey Bridge $113 million Dominican Rep.
7/12/02 Calmaquip Eng. $ 71 million Dominican Rep.
11/15/01 Ship Analytics $ 54 million Indonesia
6/13/02 IBM $ 7 million Indonesia
11/29/01 Boeing $221 million Ireland
5/31/02 Boeing $102 million Israel
1/4/02 Boeing $ 8 million Korea
6/20/02 Boeing $ 93 million Korea
9/12/02 Boeing $402 million Korea
8/15/02 Boeing $113 million Luxemborg
5/31/02 Boeing $616 million Malaysia
4/25/02 Seimens Westinghse $ 97 million Mexico
7/25/02 General Electric $ 31 million Mexico
8/1/02 Motorola $ 83 million Mexico
8/8/02 General Electric $210 million @ 5.6% Mexico
8/22/02 Paper Converting $ 15 million Mexico
8/29/02 General Electric $ 73 million Mexico
9/30/02 Haliburton (oil) $200 million Mexico
9/30/02 Kellogg, Brown&Root $300 million Mexico
3/21/02 Boeing $ 36 million Morocco
9/30/02 General Electric $135 million Nigeria
5/31/02 Boeing $113 million Panama
5/31/02 Harris $ 84 million Romania
2/28/02 Energy Smart $ 15 million Russia
2/28/02 Space Systems $184 million Thailand
9/30/02 Boeing $241 million Thailand
10/4/01 GE International $ 21 million Turkey
10/11/01 GE Packaged Power $ 31 million Turkey
12/27/01 MD Helicopters $ 22 million Turkey
3/21/02 Boeing $ 68 million Turkey
9/5/01 General Electric $ 84 million Turkey
5/9/02 Case Corp. $ 15 million Uzbekistan
10/11/01 Harza Engineering $ 45million Venezuella
12/27/01 Siemens Trans. $ 28 million Venezuella
12/27/01 Siemens Trans. $ 26 million Venezuella
2/15/02 ATN Industries $ 16 million Venezuella
6/20/02 GE Power Systems $ 87 million Venezuella
5/15/02 Private Export $ 85 million

TOTAL 2002 $6.1 Billion All of these companies were laying off American citizens in the aftermath of 9/11 and the stock market crash of 2001. Boeing had just layed off 34,000. General Electric CEO Jack Welch boasted of its administrative prowess in market share and profits after laying off 100,000 Americans. Siemens is a German company and we are loaning them money. Caterpillar busy replacing citizens with H-1B visa guest workers. Meanwhile, the Rust Belt continues to bleed industries in the name of NAFTA and “Free Trade”. Of course, the oil companies need money. Hard to compete with Uncle Sam paying the bills. Level Playing Field MY ASS!

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