Speedzilla Forums banner
1 - 6 of 6 Posts

Senior Member
2,737 Posts
Discussion Starter · #1 ·

Obama underwrites off shore oil drilling in BRAZIL .

This is a perfect example why I refrain from watching the news on ABC,

Today on a segment of the "Glen Beck Show" on FOX (Fox Cable News) was
the following:

"Today, even though President Obama is against off shore drilling for
our 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 ! Now here's the
real clincher...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 transaction whatsoever!

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, who was one of President Obama's most
generous financial 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 transaction was
broadcast on any of the other news networks!

Forward this factual e-mail to others who care about this country and
where it is going. Also, let all of your Government representatives
know how you feel about this.

Below is the Wall street Journal article to confirm this.

President Obama Finances Offshore Drilling in Brazil - WSJ.com

1,832 Posts
You guys are such saps it's AMAZING. This story is 2 1/2 years old and it isn't even true. I swear, if you get your information from Beck or Murdoch you are doomed to further ignorrance.

FactCheck.org : Bogus Brazilian Oil Claims

To top it off, Bush's boys are totally responsible for the loan to Brazil. Read for yourself (although, frankly, I'm beginning to doubt that you can read):
"The message falsely says the decision was due to an "executive order" by the president. No presidential order was required. Furthermore, none of President Obama’s appointees had joined the Ex-Im board at the time of the vote, which was unanimous, and bipartisan. The Ex-Im Bank states: "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."

Pardon me but you are not qualified to judge presidents. You don't know basic facts about simple things.
Another wasted thread. Why you guys continue to pummel yourselves with mistakes I don't know.

1,832 Posts
WTF is up with all these facts? CBO estimates 3.5 trillion deficit. Another useless fact because that is what is driving the great economy we are experiencing.
Very good question. Better than you even realised.
Advice: You cannot take ZillaCons at their word. Everything they post has to be fact checked.
1 - 6 of 6 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.