Claim: President Obama signed an executive order to lend
Example: [Collected via e-mail, November 2009]
This is a perfect example why many refrain from watching the news on ABC, NBC, CBS, or MSNBC.
Today on a segment of the “Glen Beck Show” on FOX (Fox Cable News) was the following:
“Today, even though President Obama is against off shore drilling for our country, he signed an executive order to loan
The oil that comes from this operation is for the sole purpose and use of China and NOT THE USA! Now here’s the real clincher… the Chinese
government is under contract to purchase all the oil that this oil field will produce, which is hundreds of millions of barrels of oil”. We have absolutely no gain from this transaction whatsoever!
Wait, it gets more interesting. Guess who is the largest individual stockholder of this Brazilian Oil Company and who would benefit most from this? It is American BILLIONAIRE, George Soros, who was one of President Obama’s most generous financial supporter during his campaign.
If you are able to connect the dots and follow the money, you are probably as upset as I am. Not a word of this transaction was broadcast on any of the other news networks!
Forward this factual e-mail to others who care about this country and where it is going. Also, let all of your Government representatives know how you feel about this. Is this the kind of “transparency” you want from your government?
Below is the Wall street Journal article to confirm this.
Origins: The above-quoted article references a segment attributed to Fox News Channel host Glenn Beck criticizing President Obama for signing an executive order to lend
This statement is false: President Obama signed no such executive order. On
The approval of the loan was an action undertaken not by officials who had been appointed by President Obama, but by his predecessor, President
The Bank’s bipartisan Board unanimously approved the preliminary commitment to Petrobras on
Despite the claim that the money committed to Petrobras is “taxpayer dollars,”
This statement is also false, one predicated on the mistaken assumption that the only tangible financial benefit of lending money to Petrobras was to guarantee a supply of Brazilian oil for the United States. The
Ex-Im Bank enables U.S.
The Export-Import Bank of the United States
Ex-Im Bank enables U.S.
Accordingly, as set forth in a
I chose Brazil as my first international destination for good reason: Brazil is a powerhouse among South American economies and offers tremendous opportunities for U.S. exporters in many sectors. I want Brazilians to know that
China does have an agreement to buy Brazilian oil from Petrobras, but not literally to purchase the entire output of Brazilian
Billionaire financier George Soros has donated large sums of money to groups that support the goals of the Democratic Party (including an estimated
Soros’ hedge-fund firm sold off
In a letter published by the Wall Street Journal on
That’s what is behind our decision to offer at least Ex-Im Bank does not make U.S. policy. In fact, our charter prohibits us from turning down financing for either nonfinancial or noncommercial reasons, except in rare circumstances including failure to meet our environmental standards. We make no grants. The vast majority of our financing consists of guarantees of loans made by commercial lenders, not At a time when jobs, and exports, are more important than ever in helping our economy recover, Ex-Im Bank is achieving its mission to keep Americans working, and we’re doing it without burdening the
Your editorial “Obama Underwrites Offshore Drilling”
That’s what is behind our decision to offer at least
Ex-Im Bank does not make U.S. policy. In fact, our charter prohibits us from turning down financing for either nonfinancial or noncommercial reasons, except in rare circumstances including failure to meet our environmental standards.
We make no grants. The vast majority of our financing consists of guarantees of loans made by commercial lenders, not
At a time when jobs, and exports, are more important than ever in helping our economy recover, Ex-Im Bank is achieving its mission to keep Americans working, and we’re doing it without burdening the
|Facts About the Proposed Ex-Im Bank Loans|
Last updated: 10 February 2010
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