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The Wall Street Journal reported this week the Obama administration will invest $2 billion (or more) in drilling off the shores of Brazil, of all places. The same Dem-wits who will do anything to keep us from drilling off our own shores are now investing $2 billion in a Brazilian oil company?
The question is why? It’s a POLITICAL PAYOFF TO GEORGE SOROS is why. The liberal rabble-rouser has 5.8 million of the company’s U.S.-traded preferred shares. Once again mainstream media has turned a blind eye to newest of Obama scandals. The Lone Conservative says it all,
Even without the Soros connection this should cause outrage on both sides of the aisle. Obama’s letting down his green supporters on the left by investing in off-shore oil drilling, no matter where that drilling takes place. And the right should be outraged because he refuses to invest in drilling here at home – or allow private companies to do so."
Obama is selling out America and this situation alone should be considered treason and at bare minimum, insider trading!
Comments
This will not only please Soros, but GE, another part-owner of Obama, will undoubtedly receive a large chunk of the business that Petrobras will do with the $2 billion. GE has made extensive use of the Ex-Im bank in the past. Note also that Petrobras also has a very lucrative business arrangement with Iran.
Obama is a trader to America.
The following is documented quotes from Export-Import Bank on this "executive order":
"President Obama did NOT sign this executive order. On 14 April 2009, the Export-Import Bank of the United States (Ex-Im), whose mission "is to assist in financing the export of U.S. goods and services to international
markets," issued a preliminary approval for a $2 billion loan to Brazil's national oil company, Petroleo Brasileiro S.A. (Petrobras), to help fund offshore oil exploration and development.
The approval of the loan was an action undertaken not by officials who had been appointed by President Obama, but by his predecessor, President George W. Bush, as Ex-Im itself stated: The Bank's bipartisan Board unanimously approved the preliminary commitment to Petrobras on April 14, 2009, before any Obama appointees joined the Bank. In fact, at the time the Bank's Board consisted of three Republicans and two Democrats, all of whom were appointed by George W. Bush.”
“Despite the claim that the money committed to Petrobras is "taxpayer dollars," Ex-Im notes that "the vast majority of our financing consists of guarantees of loans made by commercial lenders," that "the bank is self-sustaining and does not receive any appropriated funds from Congress," and that "the Bank's activities do not cost the American taxpayer a dime."
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