alex wrote:
kind of explains why obozo gave two billion to Brazil to drill offshore after not allowing the U.S.to do the same that plus the fact Geo. Soros has 800 million invested there
Another right wing bald faced lie:
Copied from Factcheck.org
Bogus Brazilian Oil Claims
Posted on September 18, 2009
Q: Did Obama loan $2 billion to Brazils oil company to benefit China and George Soros?
A: The president had nothing to do with the loan, which the Export-Import Bank approved for Brazil to buy U.S.-made equipment and services.
FULL QUESTION
I received this in an e-mail. Is it true?
Today even though President Obama is against off shore drilling for oil for this country. He signed an executive order to loan 2 Billion of our taxpayers dollars to a Brazilian Oil Exploration Company (which is the 8th largest company in the entire world) to drill for oil off the coast of Brazil. The oil that comes from this operation is for the sole purpose and use of China and not the USA. The Chinese government is under contract to purchase all the oil that this oil field will produce, which is hundreds of millions of barrels of oil".
We have absolutely no gain from this t***saction whatsoever.
[EET ]Wait it gets more interesting.
Guess who is the largest individual stockholder of this Brazilian Oil Company and who would benefit most from this? It is American Billionaire, George Soros, Liberal businessman who is a radical left wing supporter, finances MoveOn.org <
http://moveon.org/> as well as other liberal programs and was President Obamas largest and most generous supporter during his campaign. If you are able to connect the dots and follow the money, you are probably as upset as I am. Not a word of this t***saction was on any of the other news networks.
[/EET]
FULL ANSWER
This claim stems from a "preliminary committment" made back on April 14 by the board of directors of the Export-Import Bank of the United States. The bank intends to loan up to $2 billion to finance exports to the Brazilian oil company Petróleo Brasileiro S.A., known as Petrobras, over the next several years.
The e-mail is false on two counts.
■The message falsely says the decision was due to an "executive order" by the president. No p**********l order was required. Furthermore, none of President Obamas appointees had joined the Ex-Im board at the time of the v**e, which was unanimous, and bipartisan. The Ex-Im Bank states: "In fact, at the time the Banks Board consisted of three Republicans and two Democrats, all of whom were appointed by George W. Bush."
■The message falsely claims that "we have absolutely no gain" from the loan. In fact, the loan is being made specifically to finance purchase by Petrobras of U.S.-made oilfield equipment and services. The mission of the Ex-Im Bank is to encourage exports by making such loans.