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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 we demonize US oil corporations yet we give huge loans to a foreign oil corporation.
Wonder what is happening here??
Enter George Soros funder of numerous left wing causes including Moveon.org and the Obama campaign, see Ole Gerogie invested $800Mil in this Petrobras.
As reported at Bloomberg.com, George Soros purchased an $811 million stake in Petroleo Brasileiro SA (PBR), (better known as Petrobras) in Q2. The Brazilian oil company is now the largest holding in his fund, amounting to 22 percent of the total $3.68 billion of stocks and American depositary receipts held by Soros Fund Management LLC. Of course, crude oil has taken a dive in the last month, helping to push Petrobras down 28 percent since his purchase and costing Soros $235 million. I guess we would all like to be in a position to lose nearly a quarter billion dollars and still be "OK". Then again, if Soros holds tight, he could end up doing well.
In short the Obama administration is going to make Mr Soros even richer why decrying evil energy companies trying to developing our own resources. Chicago thug politics.
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
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Obama is going down a lot faster than I thought he would the only people who are doing the same old Slobbering and Slopping over him are NBC and of course Olderman and Matthews who both have still have erections when they speak his name.
MSNBC spent 40 minutes this morning babbling about "bo" the stupid Obama Dog.
Harry Boy (Genius)
In The Absence Of Law And Order Society Will Surely Destroy Itself
Obama got elected because he has the gift of jive. The current population does not remember jive but Obama grew up on the streets in Hawaii. The drug culture where he hung out with the street vendor. It was there that he learned how jive and intelligence could be used to get everything he wanted, and he did it.
Sounds racist and perhaps it is. Bush was a puppet for the NWO but he didn't have the gift. Obama has it and the media is now turning on him because they were outjived. Imagine white media elite thinking they were the jive masters. Obama used them like the white trash that they are. Olberman, Dowd, Disney, NBC, CNN, MSNBC, Huffington (who is really turning on him). All of them were jived. Does anyone remember Jimmy Walker, JJ, that is Obama.