On January 19th, President Obama rejected plans to allow a Canadian pipeline to be built from the neighboring country to Texas to faciliatate oil production. The Keystone pipeline would have allowed for many new jobs in both the US and Canada to be created, and also allow for an increase of local energy that is not reliant upon Middle Eastern production.
However, this is not the only job killing project the Obama administration elected to veto this week. In a contract bid to build a light air support plane for the military, the procurement office rejected a proposal from US company Hawker-Beechcraft and instead gave the $1 Billion contract to a Brazilian company that is currently under SEC investigation.
Here’s a little something that caught my eye today. It seems after investing around $100 million in this project, Hawker-Beechcraft has been excluded from a contract, worth almost $1 billion, to build a new light air support plane.
What intrigues me is the Brazilian company Embraer, the likely contract winner, is currently under investigation by the U.S. Securities and Exchange Commission, and the Justice Department, for possible violations of the US Foreign Corrupt Practices Act.
According to Financial Times, Embraer is “venturing into the defense industry” and “is one of a select few Brazilian companies that has managed to break out of the Latin American market and compete on a global scale” – Liberty News
The coincidence of Brazil being the recipient of White House contracts and loans is a recurring theme in the Obama administration. In March of this year, President Obama loaned a Brazilian Oil company with George Soros ties $2 Billion dollars to begin offshore drilling, at the same time he was halting US drilling in the gulf region.
With true unemployment over 16% in the US, and events in the Middle East leading to a potential breakdown of oil production and distribution through the Straits of Hormuz, it is very odd that the White House is continually seeking to outsource jobs, contracts, and energy to foreign companies when more than ever, the people of the United States need it in their economy. Perhaps like the Solyndra debacle, the White House is hamstrung by crony capitalism and debts owed to people and corporations that helped him get into office in 2008.
Four years after the recession of 2007 and 2008, Americans are still desperately seeking jobs and a halt to the outsourcing of companies and contracts to foreign nations. It appears however, that no matter what the President says in his speeches on the campaign trail for his re-election, his actions show that his intentions are not predictated on true job creation, as validated by the outsourcing of oil production and military contracts to Brazil over companies in the US.
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