Palin needs to stop claiming that Obama sent $2 billion of taxpayer money to Petrobras. The loan came from the Export-Import Bank and we taxpayers are not on the hook.
The Ex-Im bank is a subsidy-laundering operation. Even at its most transparent, it’s a way of passing money which originated with the taxpayer to Fortune 500 companies who support the President’s agenda. Its existence poses a colossal moral hazard to say the least.
Under Obama it’s a parasitic organization that does nothing but lend foreigners money to buy selected unionized goods and services from donor companies. The fact that it doesn’t use direct tax money, but rather money borrowed at 0% (or even functionally negative) interest from the taxpayer is a distinction without a difference.