More Interesting Info

January 23, 2010

Off Shore Oil Drilling approved by President Obama

Filed under: Soapbox — seniorgeek @ 7:06 pm

Yes, you read the title right, President Obama approved a $2 billion loan to Petrobas for off shore drilling in Brazil.
He believes this is OK around other countries but not our country? Why? Strange things going on in the White House.

“The U.S. Export-Import Bank tells us it has issued a “preliminary commitment” letter to Petrobras in the amount of $2 billion
and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided
whether the money will come in the form of a direct loan or loan guarantees.
Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury
seems desperate for cash and Petrobras is one of the largest corporations in the Americas.” ( Wall Street Journal)
Read the article for yourself.

Oh, one more thing, guess who is the largest individual stockholder of Petrobras and who would benefit most from this?
It is American BILLIONAIRE, George Soros, who was one of President Obama’s most generous financial supporter during his campaign. Duh!

http://online.wsj.com/article/SB10001424052970203863204574346610120524166.htm

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