Posted on 08/19/2009 11:12:31 AM PDT by Kells
Yesterday, the Wall Street Journal broke a story regarding Americans funding off-shore drilling…in Brazil. According to the paper, the United States is loaning Brazil’s state-owned oil company, Petrobras, $2 billion in the form of either a direct loan or loan guarantees. Even more bizarre, we obviously don’t have $2 billion sitting around; we are taking out a loan to make a loan, something similar to speculators and day-traders who put their house at risk to borrow to play the stock market.
The implications here are staggering. First, there is the environmental implications. Aren’t we arguing over cap-and-trade because we are supposed to be part of a worldwide environment? How, then, does supporting the drilling of oil fit into that mantra? Doesn’t that make the Obama Administration rather hypocritical, to say that it’s awful for Americans to benefit from destructive drilling, but it’s okay for those in Brazil?
Second, one of the greatest fears about cap-and-trade is that American jobs will be outsourced and American companies will move outside of the United States. Although this loan is not a direct result of cap-and-trade, by using American dollars to create foreign jobs when America is already struggling under such high levels of unemployment seems to be a signal that such worries are not a priority to Obama. Sarah Palin contends that such money could be used to drill inside the United States, thus reducing our dependence on foreign oil while creating many American jobs. But even if we never drill domestically, every amount of money that we spend is money that comes from the taxpayers pockets, which means Americans will pay higher taxes for Brazil to grow economically.
If the Obama administration feels the need to frivol away my money, I would rather that money at least stay in America. I never thought a 35 hours American job would look so good. Washington has proven yet again just how little it values regular people in America.
Americans make stimulus payment to Soros!
Don’t forget the American companies setting up nuclear power plants in Brazil.
But no new nukes in the USA, thanks to the envirowackos.
Palin is kicking Obama’s butt
Good point but who is funding envirowackos?
What this is all about is that the evil Northern Hemisphere’s time is up and we owe the Southern Hemisphere. It is a deliberate distribution of wealth from the North to the South. It’s been in the works for awhile.
Its probably because the media cant do 2 things at once. Healthcare and Cap and Trade/Foreign Oil. Either put Bama in a good light.
Again. Spread the word!!!
Not if the MSM can help it. Watch them try to spike this topic.
oops! distribution = redistribution
It will come out. Thank god for Hannity and Greta and Lou, these folks will talk about it! Hadnt heard Rush today, has he spoke about it?
I’ve bot some PZE....just for the heck of it!!
Sorry, had to delete 11, Bloomberg is link-only.
What other potential Republican presidential candidate is making this an issue? Seriously, Palin is single-handedly taking on the Obama administration with just her Facebook page and the grassroots. There is no leadership or help whatsoever from the RNC and others contemplating on running in 2012.
“It is a deliberate distribution of wealth from the North to the South.”
Also a redistribution of wealth from taxpayers to George Soros:
http://hotair.com/archives/2009/08/18/good-news-obama-backs-off-shore-drilling
“Also a redistribution of wealth from taxpayers to George Soros:”
Most assuredly. (I posted on that thread last night).
Tall and tan and young and lovely
The President of the U. S. goes spending
And when he spends, George Soros goes - ah
When he spends, every one likes Obama
He talks so cool and sways so gentle
The MSM gives just him passes, and more he gets passes, Soros goes,- ooh
(ooh) but I watch him so sadly
How can I tell him to stop it
Yes he takes my money gladly
But each billion that goes into the Brazilian sea
Goes straight ahead to Soros, not at me
Tall, (and) tan, (and) young, (and) lovely
The President of the US goes spending
And when he spends, Soros smiles - but he doesnt see (doesnt see)
(he just doesnt see, he never sees me,...)
>> Sorry, had to delete 11, Bloomberg is link-only.<<<
No problemo.
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