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Vman has warned of Soros' agenda fro many months.......The Obama administration is going to lend at least $2 billion to a Brazilian state-owned oil company to finance drilling off that country's shores. The Wall Street Journal reports National Security Adviser Jim Jones met with Brazilian officials this month to talk about the loan to Rio de Janeiro-based oil producer, Petrobras.

The editorial board writes: "Americans are right to wonder why Mister Obama is underwriting in Brazil what he won't allow at home."

The deal is also good news for billionaire investor and major Democratic donor George Soros. According to Bloomberg, Soros bought an $811 million stake in Petrobras earlier this year, making that company his investment fund's largest holding, about 22 percent of its portfolio.

The White House is refusing comment on the Brazil deal.

I seen this the other night. It continues to make no sense. The only logical explanation is the benefit of George Soros.

No $hit :!:

Keep the change!!!!!!!!!

So the US Export Import Bank should not have loaned Petrobras with the stipulation the loan be used on US jobs and services? Should these jobs/services go to the English or Germans?

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


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