Saturday, August 22, 2009

Palin gets it right

Which would make Obama wrong.  Again.

UPDATED - The Soros Connection

One of these people is an idiot

The Export-Import Bank has proposed a $2 billion loan to a Brazilian oil company to fund oil drilling and development by a state-owned company, hurting American workers, oil companies, and the country’s energy independence. Sarah Palin sees this is as a rather self-defeating strategy.

After the idea went public, Palin quickly noted that President Obama wants to use American dollars to pay salaries and benefits to Brazilians — to state-owned oil company, Petrobras, at that — to the detriment of our own country. (cont)
Teapot Dome on Steroids?
Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund's largest holding.

There is another interesting aspect to this development. Could it be just a coincidence that Obama backer George Soros repositioned himself in Petrobras to get dividends just a few days before Obama committed $2 billion in loans and guarantees for Petrobras’ offshore operations?

See Bloomberg Story: Soros Hedge Fund Bought Petrobras Stake Worth $811 Million



Cuzzin Rick said...

Do a bit more research, and check out the Soros / Petrobras connection

gregor said...

Yeah, Cuzzin Rick beat me to it, Soros just invested 811 Million in Petrobas -

Anonymous said...

clear malfeasance of office can we hang him now?
Just done talking with a friend who works on the north slope he and all his coworkers just had to take a 3% pay cut. Alaska is ready to drill & pump oil WITHOUT FEDERAL MONEY>

Anonymous said...

could this be considered insider trading?


Anonymous said...

RE: ... just a few days before Obama committed $2 billion...

Anything they do is probably more corrupt than we can imagine BUT...

Check the bottom of that Bloomberg story and it says:

Last Updated: August 15, 2008 05:13 EDT


pdwalker said...

hey, c'mon now. Soros needs a return on his investment, no?

Anonymous said...

3, 2, 1...."Halliburton!! Halliburton!!! Eeeeeeeevil Cheney!!!"

Anonymous said...

I guess that The One is officially in cahoots with big oil. Not the pipsqueak, mom and pop operations that Bush and Cheney were accused of, but really Big Oil.


Post a Comment

Just type your name and post as anonymous if you don't have a Blogger profile.