Barb’s Blog

Wall Street Journal is reporting that Obama underwrites offshore drilling, and while you might not be hearing this story in the mainstream media, even WSJ is trying to look positive on this story.

Digging deeper, as Glenn Beck did, here is what you find out:

“Today, even though President Obama is against off shore drilling for our country, he signed an executive order to loan 2 Billion of our taxpayers dollars to a Brazilian Oil Exploration Company (Petrobras, which is the 8th largest company in the entire world) to drill for oil off the coast of Brazil!  The oil that comes from this operation is for the sole purpose and use of China and NOT THE U.S.A.
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.

Is this the hope and change you people voted for?  This Obama Oligarchy we have today? My guess is no, as his poll numbers are falling to Earth.