Posted on 10/26/2009 7:38:42 AM PDT by mikelets456
The White House Friday highlighted a new multi-million-dollar technology fund for Muslim nations, following a pledge made by President Barack Obama in his landmark speech to the Islamic world.
The White House said the US Overseas Private Investment Corporation (OPIC) had issued a call for proposals for the fund, which will provide financing of between 25 and 150 million dollars for selected projects and funds.
The Global Technology and Innovation Fund will "catalyze and facilitate private sector investments" throughout Asia, the Middle East and Africa, the White House said in a statement.
Eligible projects would advance economic opportunity and create jobs in areas like technology, education, telecoms, media, business services and clean technology, the White House said.
OPIC said sample projects could help foster the development of new computer technology or telecommunications businesses, or widen access to broadband Internet services.
Proposals must be submitted by the end of November, and managers of funds that make a final short list will make presentations in Washington in January.
Final selections will be announced next June.
(Excerpt) Read more at breitbart.com ...
Is there any question that Bambi is a MUSLIM?
Another U.S. president writing checks with other people’s money. I thought all spending originates in the House of Representatives. If these multi-million dollar pay-offs are so necessary, they ought to come from the legislative body,not the executive. I also objected to Pres. Bush’s giving $18 BILLION to Africa for AIDES prevention, money that certainly wound up in some dictators’ pockets. Check-book diplomacy has helped put us neck-deep in debt and has certainly not bought us any friends world-wide.
Why are we making our enemies stronger?
The Saudi walking around money must be tied up on something else.
HAHAHA...
Big Rock break little rock.
Make sharp.
Mutilate Women.
Praise.
We should seriously consider treason with this POTUS.
Yeah, we’ve got lotsa extra money to give away.
Obama is a loon. He’s a sleazebag. The sooner we throw this idiot back to Kenya, the better.
Yes, lets give killers the capability of high-tech killing rather than just the standard bomb strapping, machete chopping methods.
Which is exactly what the jOker wants.
OPIC??? OPEC can't fund their own???
This is both "creating confusion in the mind of the consumer" and a deliberate attempt to cloud the issue as people will hear that OPIC is funding "muslim technology" (better jihad through chemistry) and not realize that it's their US tax dollars, not Venezuelan and Saudi petrodollars.....
I don’t like this! Giving my tax dollars away to those who hate my Country....bad-bad-bad
And just where is the money coming from????? Obama’s or Soro’s pocket?????
This is completely irresponsible. Let the money bag Arabs fund their Muslim brothers.
Obama loves spending other people’s money - and this is after telling us we are broke.
Giving OUR money to TERRORISTS to build bombs.
It’s that simple.
When giving all the cash to corrupt regimes to fight AIDS in Africa, Bush was showing how compassionate and caring he was. It was all about building his legacy but the MSM and Democrats never even gave him credit for it.
Nothing, however, for Americans... It's not even our tax money anymore. They just borrow from the Chinese and give it to the Muslims. We are just the fools in the middle...
Congress has not raised taxes. The money is being borrowed from the Chinese and given to the Muslims. We, however, have to pay the money back with interest from our future paychecks. Revolution, anyone?
bump
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