President Obama, through the Import Export Bank, is loaning $2 billion for offshore drilling. This is the latest installment of his flip-flopping on the subject of offshore drilling. When he was a Senator, he was against it. Then during the campaign, when gas hit $4 per gallon, he thought maybe it would be acceptable under certain conditions. Then, less than a month after he took office, he blocked plans for offshore drilling put in place at the close of the Bush administration.
Now he has decided it is acceptable again. And he is putting $2 billion dollars out as a loan to get it done.
Before I continue, please stop for a minute and let that sink in. While you are in this sinking mode, remember, we are broke. We are borrowing money from China. We didn’t have the money we sank into “Cash for Clunkers.” We won’t have the money for ObamaCare. As an aside, Newbusters came up with a great new name for ObamaCare; “Caskets for Clunkers.” A little morbid, but funny nonetheless.
We won’t have the $2 billion if the borrowers on this drilling expedition default on the loan. We will have to borrow it from someone or just print more money.
Don’t get me wrong. I am a “drill baby, drill” kind of guy. I believe we have been given the resources of this planet to use, enjoy, and share. I believe we have an obligation to obtain them and use them with care and respect. But, I do have a problem with where this drilling is going to be done.
Where would you expect $2 billion of your dollars to go in order to drill for oil? Alaska? No. Off the shores of Florida? No. South Carolina, North Carolina? No and no. Texas? No. Utah, Wyoming, Colorado? No, no, no!
Did you wonder about the title of this piece? “Perfure Bebê, Perfure” is “drill baby, drill” in Portuguese. Portuguese is the official language of Brazil. Brazil is where the offshore drilling is going to be done that we are financing. That’s right. The people who had the environmental ineptness to bring us slash and burn agriculture are getting a $2 billion US loan to perform offshore drilling for oil.
As the hucksters on late night TV say, “Wait, there’s more.” Take a guess who stands to reap huge financial rewards as a result of the Brazilian oil drilling. If you guessed George Soros, it’s obvious you know your quid pro quo. George has almost a billion dollars invested in preferred stock of the Brazilian oil company, Petrobras.
George Soros, with his huge donations to the Democrats in general, and Barack Obama in particular, has done something I thought the Civil War ended. He bought an African American. But wait, there’s more! He also managed to get you and me to finance his oil deal.
(non)-Violence: I gave her the gun!
14 years ago