8537
VIP Member
Huh?! Which former colonial nations has Obama increased funding to in order to develop their own resources?The point is idiot, Obama believes that the Europeans conquered and stole all the natural resources from the countries they colonized which is partly true, but he also believes he can reverse that and give these countries back some of what they stole, which is why he sends money to some of these counties to develop their own resources while he limits our own.
."Why are you financing offshore drilling in Brazil if there's a permitorium at home? David Vitter wants the administration -- specifically the Export-Import Bank -- to explain how and how much the US has benefitted from a $2 billion loan we gave Brazil for offshore drilling. “I am sure you can understand the frustration Louisianans have with a $2 billion loan to produce energy offshore Brazil,” Vitter wrote to [Export-Import Presient Fred] Hochberg – especially given the “ongoing de facto moratorium” on deepwater drilling in the Gulf of Mexico.
Vitter has specific questions as to the benefits of the loan. “I would appreciate a full accounting for the return on investment the American taxpayer has received, and is anticipated to receive, on the $2 billion loan to this Brazilian petroleum company,” Vitter wrote to Hochberg. “I want to understand why permitting domestically is nearly stalled, and if there is at least a return on this investment over the last year and a half for supporting production offshore Brazil
Obama administration likes offshore drilling -- in Brazil
Methinks you are confused That story is about a loan. From the E/I bank. To a country that can't really be defined as a former colony.
Other than being wrong on all points, your post makes sense.