Yes, Obama is using our money to help Brazil enhance their economy while he WILL NOT allow the U.S. to do the same.
From the WSJ:
Obama Underwrites Offshore Drilling
Too bad it's not in U.S. waters.
"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."
So while he SINKS the U.S. economy into the abyss of greendom, Obama is also distributing OUR MONEY to help Brazil DRILL:
"The Bush Administration's five-year plan (2007-2012) to open the outer continental shelf to oil exploration included new lease sales in the Gulf of Mexico. But in 2007 environmentalists went to court to block drilling in Alaska and in April a federal court ruled in their favor. In May, Interior Secretary Ken Salazar said his department was unsure whether that ruling applied only to Alaska or all offshore drilling. So it asked an appeals court for clarification. Late last month the court said the earlier decision applied only to Alaska, opening the way for the sale of leases in the Gulf. Mr. Salazar now says the sales will go forward on August 19.
This is progress, however slow. But it still doesn't allow the U.S. to explore in Alaska or along the East and West Coasts, which could be our equivalent of the Tupi oil fields, which are set to make Brazil a leading oil exporter. Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won't allow at home."
It's all part of Obama/aka.Soetoro's diabolical BLITZKRIEG plan to bring Americans to their knees,nationalize our businesses and become our dictator.
Barry is a criminal fraud and a liar.
And Al Gore is a lunatic.
Comments from the gallery:
--"The US will never again build a new gasoline refinery. Our industry is under complete attack...we can't use our resources and even if we could, we are not allowed to engage in INDUSTRY."
--"Just as the CO2 from India and China are not to be bothered with (We will strangle ourselves, thank you), we will continue to suffer problems with oil imports by denying ourselves the pleasure of using our own resources (oil AND gas) and let our economy suffer while allowing everyone else to do what they please (Hey, we will even help them).
Nonsense is sense. Up is down, Evil is good, good is evil. I guess Obama was taught well (wherever he went to school)."
--"The inmates have taken over the asylum."
--"This is all a part of the grand scheme. Obstruct private exploitation of our own resources until they are under full government control."
A grand scheme is RIGHT.
And OUR MONEY....including our grandchildren's money, is being used to FINANCE Barry's Blitzkrieg!