Posted on 08/19/2009 5:20:43 PM PDT by Starman417
And yet Dems block offshore oil production in the U.S. Two pieces of information here. Connect the dots:
1. The Obama Administration is offering billions in loans for oil drilling off the coast of Brazil.
2. George Soros, the Dems top money man has a huge financial stake in the offshore drilling company.
Obama Underwrites Offshore DrillingAnd this:
Too bad it's not in U.S. waters
Wall Street Journal
AUGUST 18, 2009
You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan. 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.
But look on the bright side. If President Obama has embraced offshore drilling in Brazil, why not in the old U.S.A.? The land of the sorta free and the home of the heavily indebted has enormous offshore oil deposits, and last year ahead of the November elections, with gasoline at $4 a gallon, Congress let a ban on offshore drilling expire.
Soros Hedge Fund Bought Petrobras Stake Worth $811 Million By Jeb Blount and Miles WeissOne Campaign Promise Obama Kept: Shower His Friends with MoneyAug. 15 (Bloomberg) -- Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund's largest holding.
As of June 30, the stake in Petrobras, as the Rio de Janeiro-based oil producer is known, made up 22 percent of the $3.68 billion of stocks and American depositary receipts held by Soros Fund Management LLC, according to a filing with the U.S. Securities and Exchange Commission.
In 2008 Michelle Malkin penned a column in which she described the payoffs in store for George Soros and friends if Obama were elected. Funny how quickly Obama has been able to keep that promise.
George Soros stands to make hundreds of millions in profit from a loan by the U.S. to Petrobas for offshore drilling. Why is no one surprised? Perhaps as a thank you gesture, George Soros has been pouring millions of dollars of his ill-gotten gains into the Obama Hell Care racket.
(Excerpt) Read more at floppingaces.net ...
Obama: Corruption on a biblical scale.
I guess that is sort of like a Presidential Swiss bank account. And they use it like kids in a candy store.
I don’t see how we can recover now let alone after 3.5 years.
When the smokes clears there could be rebellion followed by Marshall law and God knows what. I’m praying for intervention.
I imagine the anger the American people are feeling right now and showing is going to turn into red hot rage as more of these antics come to light.
I imagine the anger the American people are feeling right now and showing is going to turn into red hot rage as more of these antics come to light.
Stealing money for themselves. Obama is going to come out of this with a huge sum of money; just like the Clintons and Gore.
They should throw Soros in jail for 150 years
This whole administration stinks and is dirty to the core.
WHY....I am SHOCKED! Just SHOCKED!!
I always thought it was georgie who wore the knee pads in deference to uhbama, I thought georgie was sort of enamored of him, his gaze at the debates was so lustful towards ubby. But WOW, it appears that uhbama is the one wearing the knee pads and is paying his dues to 'the offshore drilling king'. My, my. Democrats are so full of hypocrisy it is starting to hurt.
Soros makes Madoff look like a pickpocket.
BJ Clinton was a piker compared to this guy...
You know what they say: you can’t take it with you!
They are representatives of the 'world government' who by keeping America divided against itself via opposed political parties, class war, and 'affirmative action' is appropriating our tax money for international concerns, not American. The Federal government has been taken over, and is being used against Americans. It is no longer American.
Wake up America and unite! For Liberty, for our Constitution, for our resources, for our industry, for real capitalism, and for our children. States Rights!
bump
It isn’t Obama making this loan, it is the Ex-Im bank, which is an independent government agency.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.