U.S. Loan to Brazilian Oil Company

LOL

Just did some preliminary fact-checking on the web on this; it's an old distorted story, first put out there by none other than Glenn Beck. No surprise that Yurtsie's link is Foxnews.

A perfect example on why it's good to do just an eensy bit of research before drawing partisan (or any kind of) conclusions.

Yet another embarassing thread...
 
ok onceler...

tell us the answer....come on....keep the discussion going....


We all know the answer. We're just waiting for you actually look it up. Kind of like I do with the little ones when they ask me what a word means. I'm helping you, junior.
 
LOL

Just did some preliminary fact-checking on the web on this; it's an old distorted story, first put out there by none other than Glenn Beck. No surprise that Yurtsie's link is Foxnews.

A perfect example on why it's good to do just an eensy bit of research before drawing partisan (or any kind of) conclusions.

Yet another embarassing thread...


There are at least two other threads about this, the first from when the deal was originally struck. The nonsense first appeared (as far as I know) in a Wall Street Journal Op-Ed (surprise, surprise) and made the rounds for a while when Drill, Baby, Dill was all the rage.
 
We all know the answer. We're just waiting for you actually look it up. Kind of like I do with the little ones when they ask me what a word means. I'm helping you, junior.

lmao...you know the factcheck.org/obama/messiah/worshipper answer...

that is why you are afraid to actually give a so callled answer....

doesn't matter....you can't negate that obama can recall this loan and you can't negate that this loan is going towards offshore drilling off brazil

keep apologizing nigel....
 
lmao...you know the factcheck.org/obama/messiah/worshipper answer...

that is why you are afraid to actually give a so callled answer....

doesn't matter....you can't negate that obama can recall this loan and you can't negate that this loan is going towards offshore drilling off brazil

keep apologizing nigel....


I'd ask you for some evidence to substantiate the ridiculous claim that Obama can recall a loan made by the Export-Import Bank, an independent agency, but I know how you are with answering the easy questions, let alone the difficult ones.

Just provide the answer. When was the deal announced as compared to when Obama's nominee for chairman was confirmed by the Senate? Enlighten the assembled masses.
 
I'd ask you for some evidence to substantiate the ridiculous claim that Obama can recall a loan made by the Export-Import Bank, an independent agency, but I know how you are with answering the easy questions, let alone the difficult ones.

Just provide the answer. When was the deal announced as compared to when Obama's nominee for chairman was confirmed by the Senate? Enlighten the assembled masses.

lmao....professor apologizer

if you knwo the answer, spit out and prove how wrong i am...if i am wrong, i will admit it...

the bank is an executive agency...thus obama is in charge of it....
 
This kind of thread is a pretty good example of how Beck feeds on impressionable people who are receptive to hate speech. All he has to do it put stuff out there, no matter how distorted or untruthful, and pretty soon, Fox & WSJ are repeating it almost as fact.

Then, posters like Yurtsie eat it up w/ a spoon, and trumpet it as more examples of Obama's "hypocrisy", and even try to call anyone who dares to question the fabrication a "hack" or "apologist for Obama."

All in all, it's pretty insidious...
 
This kind of thread is a pretty good example of how Beck feeds on impressionable people who are receptive to hate speech. All he has to do it put stuff out there, no matter how distorted or untruthful, and pretty soon, Fox & WSJ are repeating it almost as fact.

Then, posters like Yurtsie eat it up w/ a spoon, and trumpet it as more examples of Obama's "hypocrisy", and even try to call anyone who dares to question the fabrication a "hack" or "apologist for Obama."

All in all, it's pretty insidious...

and yet again...no substance....nothing but ad hom

at least nigel has debated substance....but poor onceler is left in the dust....cypress and nigel actually debate....whereas onceler/legion troll never do

hmmmmmmm....are you legion troll, you post like him
 
U.S. Loan to Brazilian Oil Company Riles Conservatives in Favor of Offshore Drilling

President Obama has opposed any expanded oil drilling off American shores largely on environmental grounds, turning a deaf ear to conservative cries of "Drill, Baby, Drill."

But now Obama may start hearing cries of "foul" after the U.S. Export-Import Bank promised Petrobras, Brazil's state-owned oil company, $2 billion in loan guarantees to help finance lucrative drilling off the shores of Rio De Janeiro.

Some see a contradiction in an executive branch agency, independent but with board members appointed by the president, facilitating abroad the very kind of energy exploration Obama opposes domestically.

White House spokesman Robert Gibbs said Thursday he wasn't prepared to address the issue.

"I have not seen the story," he said. "I'd have to take a look."

http://www.foxnews.com/politics/200...-riles-conservatives-favor-offshore-drilling/


Facts About the Proposed Ex-Im Bank Loans for Petrobras' Brazilian Offshore Oil Exploration and Development.

August 20, 2009

Background on Ex-Im Bank:

* The Export-Import Bank of the United States’ (Ex-Im Bank) mission is to help create and sustain jobs for American workers. The Bank does this at no cost to the American taxpayer; in the past sixteen years the Bank has netted the American people $4.9 billion and the jobs those exports have supported.

* More than 80% of Bank authorizations during the last fiscal year directly benefited small businesses.

Charges and facts:

Charge: The U.S. government is giving away more than $2 billion in taxpayer dollars to Brazil’s largest oil and gas company to drill for oil in Brazil.

Fact: The Bank has approved a preliminary commitment to lend up to $2 billion to Petrobras for the purchase of American-made goods and services. The funds will go to American exporters as payment for their sales to the company. Of note, the Bank is self-sustaining and no taxpayer dollars are involved.

Charge: The loans to Petrobras represent a giveaway of U.S. tax dollars.

Fact: The Bank’s activities do not cost the American taxpayer a dime. In fact, since 1992 the American people netted more than $4.9 billion and the jobs those exports created.

Charge: America is exporting jobs to Brazil as a result of the loans.

Fact: Only American made goods and services qualify for Ex-Im Bank loans or guarantees. This is the government doing what it's supposed to do - helping to create U.S. jobs, making sure that Americans get a fair shot at selling goods and services, and helping American workers compete on a level playing field against foreign competition.

Charge: The loan to Petrobras represents a reversal of the Obama Administration’s policies on off-shore drilling.

Fact: The Bank’s bipartisan Board unanimously approved the preliminary commitment to Petrobras on April 14, 2009, before any Obama appointees joined the Bank. In fact, at the time the Bank’s Board consisted of three Republicans and two Democrats, all of whom were appointed by George W. Bush.

Read Chairman Hochberg's Letter to the Editor that appeared in the August 21, 2009 editions of the Wall Street Journal.

http://www.exim.gov/brazil/pressrelease_082009.cfm
 
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