The U.S. is going to guarantee two billion dollars in loans for the Brazilian Oil Company Petrobras. This is the beginning of what was guaranteed of lines of credit to U.S. companies so they can bid on contracts. Of course, if a Brazilian company defaults on the loans, the U.S. will be left holding the bag. These loans will allow the company from Brazil to drill offshore from their country. I ask myself why the administration would do this? They are against offshore drilling in this country, remember?
This question was ask to Mr. Gibbs, the White House Press Secretary. He answer was that he was unaware of the issue, as he had not seen the story on it. But, I will give you my best guess on this matter. After the further investigation on this, we learned that George Soros, a very big finical supporter of Obama had bought and sold millions of shares of stock in Petrobras. This was done before the disclosure of the credit guarantees. Now, it makes sense already that this is the "payback time" for Mr.Obama.
So, while you are out there trying to make your house payment, car payment or just put food on the table, they are relaxing in a cozy place. The old George is sitting back, counting His profit. The bottom line here is that, this transaction stinks. Please think about the back door under the table deals when its time to vote again. Starting next year when these crooks ask for your vote. Remeber this moment! When we vote them out, this will be "Change we can believe in." Have a nice weekend.
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