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| Topic: Ex-Im Bank disputes Palin attack | |
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August 19, 2009
Categories: Sarah Palin Ex-Im Bank disputes Palin attack The government-run U.S. Export Import Bank is disputing Sarah Palin's attack this morning on a proposed $2 billion loan to the Brazilian oil company Petrobras. Palin complained that "the Obama White House is prepared to send more than 2 billion of your hard-earned tax dollars to Brazil so that the nation's state-owned oil company, Petrobras, can drill offshore and create jobs developing its own resources" and that Obama "chooses to use American dollars in Brazil that will help to pay the salaries and benefits for Brazilians to drill for resources when the need and desire is great in America." A spokesman for the bank, Phil Cogan, noted to POLITICO that the bank does not rely on tax money and that Palin's statement ignores the bank's central function: To lend money to foreign companies for the purchase of American goods and services. "It has to be produced by U.S. workers," Cogan said. Palin's statement refers to "creat[ing] jobs and health benefits in the U.S." "That's exactly what a purchase financed by the U.S. government would do," Cogan said. In this case, Cogan said, the proposed loan would likely finance engineering services, sales of ships to service oil platforms, or drilling equipment. "This is the government doing what it's supposed to do: Create jobs and make sure that Americans get a fair shot at selling goods and services — not the British or the French or anyone else — and to help American workers compete on a level playing field," Cogan said, noting that most developed countries have similar credit-export agencies. Palin drew her criticism from a Wall Street Journal editorial which also doesn't mention the bank's basic function. Another administration official expressed frustration with Palin's latest salvo. "This is like her and her death panels," the official said. "This is one more example of, 'Let's take a situation with a kernel of truth and blow it up and not let the facts ruin a good story.'" Article found here. |
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August 19, 2009 Categories: Sarah Palin Ex-Im Bank disputes Palin attack The government-run U.S. Export Import Bank is disputing Sarah Palin's attack this morning on a proposed $2 billion loan to the Brazilian oil company Petrobras. Palin complained that "the Obama White House is prepared to send more than 2 billion of your hard-earned tax dollars to Brazil so that the nation's state-owned oil company, Petrobras, can drill offshore and create jobs developing its own resources" and that Obama "chooses to use American dollars in Brazil that will help to pay the salaries and benefits for Brazilians to drill for resources when the need and desire is great in America." A spokesman for the bank, Phil Cogan, noted to POLITICO that the bank does not rely on tax money and that Palin's statement ignores the bank's central function: To lend money to foreign companies for the purchase of American goods and services. "It has to be produced by U.S. workers," Cogan said. Palin's statement refers to "creat[ing] jobs and health benefits in the U.S." "That's exactly what a purchase financed by the U.S. government would do," Cogan said. In this case, Cogan said, the proposed loan would likely finance engineering services, sales of ships to service oil platforms, or drilling equipment. "This is the government doing what it's supposed to do: Create jobs and make sure that Americans get a fair shot at selling goods and services — not the British or the French or anyone else — and to help American workers compete on a level playing field," Cogan said, noting that most developed countries have similar credit-export agencies. Palin drew her criticism from a Wall Street Journal editorial which also doesn't mention the bank's basic function. Another administration official expressed frustration with Palin's latest salvo. "This is like her and her death panels," the official said. "This is one more example of, 'Let's take a situation with a kernel of truth and blow it up and not let the facts ruin a good story.'" Article found here. Aside from the fact that Palin is an idiot, don't you think its interesting that while Obama is pushing for Green this and that here, they have no problem financing other countries drilling for oil? |
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August 19, 2009 Categories: Sarah Palin Ex-Im Bank disputes Palin attack The government-run U.S. Export Import Bank is disputing Sarah Palin's attack this morning on a proposed $2 billion loan to the Brazilian oil company Petrobras. Palin complained that "the Obama White House is prepared to send more than 2 billion of your hard-earned tax dollars to Brazil so that the nation's state-owned oil company, Petrobras, can drill offshore and create jobs developing its own resources" and that Obama "chooses to use American dollars in Brazil that will help to pay the salaries and benefits for Brazilians to drill for resources when the need and desire is great in America." A spokesman for the bank, Phil Cogan, noted to POLITICO that the bank does not rely on tax money and that Palin's statement ignores the bank's central function: To lend money to foreign companies for the purchase of American goods and services. "It has to be produced by U.S. workers," Cogan said. Palin's statement refers to "creat[ing] jobs and health benefits in the U.S." "That's exactly what a purchase financed by the U.S. government would do," Cogan said. In this case, Cogan said, the proposed loan would likely finance engineering services, sales of ships to service oil platforms, or drilling equipment. "This is the government doing what it's supposed to do: Create jobs and make sure that Americans get a fair shot at selling goods and services — not the British or the French or anyone else — and to help American workers compete on a level playing field," Cogan said, noting that most developed countries have similar credit-export agencies. Palin drew her criticism from a Wall Street Journal editorial which also doesn't mention the bank's basic function. Another administration official expressed frustration with Palin's latest salvo. "This is like her and her death panels," the official said. "This is one more example of, 'Let's take a situation with a kernel of truth and blow it up and not let the facts ruin a good story.'" Article found here. Aside from the fact that Palin is an idiot, don't you think its interesting that while Obama is pushing for Green this and that here, they have no problem financing other countries drilling for oil? Wait, you just bought her theory? First find out why it's being financed. |
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Edited by
InvictusV
on
Thu 08/20/09 07:44 PM
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I know why its being financed. They just made the biggest oil discovery in 30 years.
“The Export-Import Bank met yesterday with Petrobras, and it offered more resources to the company,” Brazilian Energy Minister Edison Lobao said at the press conference. Investment in Brazil’s oil industry is expected to surge to more than $200 billion over the next five years, buoyed by spending on the Americas’ largest oil find since 1976. Petrobras in February secured $10 billion in financing from the China Development Bank Corp. http://www.bloomberg.com/apps/news?pid=20601086&sid=aogq9sBiBhYo Am I missing something here? |
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I know why its being financed. They just made the biggest oil discovery in 30 years. “The Export-Import Bank met yesterday with Petrobras, and it offered more resources to the company,” Brazilian Energy Minister Edison Lobao said at the press conference. Investment in Brazil’s oil industry is expected to surge to more than $200 billion over the next five years, buoyed by spending on the Americas’ largest oil find since 1976. Petrobras in February secured $10 billion in financing from the China Development Bank Corp. http://www.bloomberg.com/apps/news?pid=20601086&sid=aogq9sBiBhYo Am I missing something here? I just read This article Sounds good to me, sounds like it benefits the US and Brazil. It will be interesting to see how this plays out. |
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I know why its being financed. They just made the biggest oil discovery in 30 years. “The Export-Import Bank met yesterday with Petrobras, and it offered more resources to the company,” Brazilian Energy Minister Edison Lobao said at the press conference. Investment in Brazil’s oil industry is expected to surge to more than $200 billion over the next five years, buoyed by spending on the Americas’ largest oil find since 1976. Petrobras in February secured $10 billion in financing from the China Development Bank Corp. http://www.bloomberg.com/apps/news?pid=20601086&sid=aogq9sBiBhYo Am I missing something here? I just read This article Sounds good to me, sounds like it benefits the US and Brazil. It will be interesting to see how this plays out. Let me get this right... Its ok for our government to finance another countries oil production, but we have to drive a shoebox to cut emissions? Do you not see the hypocrisy in this? Even if they have to buy American Made products.. Hypocrisy.. |
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Developing closer social and economic ties with our neighbors can't be anything but a good idea in my opinion.
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why is it ok to drill in brazil
and not in alaska ????????????????????? |
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If oil companies didn't see an advantage to drilling in Brazil they wouldn't be doing it. In alaska I think it's more about where they wanted to drill. I would be happy to see a day when they stop drilling all together and use smarter ways to fuel the world.
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Edited by
cashu
on
Sun 08/23/09 06:15 PM
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August 19, 2009 Categories: Sarah Palin Ex-Im Bank disputes Palin attack The government-run U.S. Export Import Bank is disputing Sarah Palin's attack this morning on a proposed $2 billion loan to the Brazilian oil company Petrobras. Palin complained that "the Obama White House is prepared to send more than 2 billion of your hard-earned tax dollars to Brazil so that the nation's state-owned oil company, Petrobras, can drill offshore and create jobs developing its own resources" and that Obama "chooses to use American dollars in Brazil that will help to pay the salaries and benefits for Brazilians to drill for resources when the need and desire is great in America." A spokesman for the bank, Phil Cogan, noted to POLITICO that the bank does not rely on tax money and that Palin's statement ignores the bank's central function: To lend money to foreign companies for the purchase of American goods and services. "It has to be produced by U.S. workers," Cogan said. Palin's statement refers to "creat[ing] jobs and health benefits in the U.S." "That's exactly what a purchase financed by the U.S. government would do," Cogan said. In this case, Cogan said, the proposed loan would likely finance engineering services, sales of ships to service oil platforms, or drilling equipment. "This is the government doing what it's supposed to do: Create jobs and make sure that Americans get a fair shot at selling goods and services — not the British or the French or anyone else — and to help American workers compete on a level playing field," Cogan said, noting that most developed countries have similar credit-export agencies. Palin drew her criticism from a Wall Street Journal editorial which also doesn't mention the bank's basic function. Another administration official expressed frustration with Palin's latest salvo. "This is like her and her death panels," the official said. "This is one more example of, 'Let's take a situation with a kernel of truth and blow it up and not let the facts ruin a good story.'" Article found here. -------------------------------------------------------------------- this is whats wrong with this co . they like helping everyone but us . they don,t have to get money from us if it was a good deal mobil would of done it . here comes another screw for us thanks to our dumb *** bureaucrats here . they thing they can,t break the bank .. |
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