Posted on 10/26/2009 9:26:01 AM PDT by Psion
WHILE AMERICANS GO HUNGRY
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.
In his speech to the Muslim world in Cairo last June, Obama argued that "education and innovation will be the currency of the 21st century" and that under-investment was rife in many Muslim nations.
(Excerpt) Read more at thelastcrusade.org ...
Money to improve their IED’s
He fails here and sends more taxpayer money to the mus’s?
What b/s!
Treasonist.
My head is going to explode!!
The Arab countries have been awash with billions and trillions for many years. Lack of money is not the reason why they are the most backward countries on the planet.
And if anyone thinks they will be GRATEFUL for these gifts, think again. They will still be burning Obama effigies while they use his money (our money) to pay for them.
Obama is paying the Jizyah for America. Whatever happened to “Millions for defense, but not one cent for tribute”? Our founding fathers must be rolling over in their graves.
They can’t use their trillions from oil???
It will soon be worthless anyway.
Tell me —— what have Muslims invented to date that I use on a daily basis?
Dates?
White House Announces Global Technology and Innovation Fund
The full remarks of the June speech in Cairo are at post #11.
They never invented anything except explosive belts.
What an A$$! 57 states, indeed.
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