Sunday, May 16, 2010

Political Payoff

Obama has Kept One Campaign Promise: He Shower His Friends with Money, our money!

George Soros Obama’s largest campaign contributor has become even wealthier thanks to President Obama and his share the wealth platform, unfortunately his platform doesn’t include average America .

The U.S. loaned billions of dollars to Brazil ’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil ’s Tupi oil field in the Santos Basin near Rio de Janeiro .

The dichotomy was that at the time America was facing its worst financial crisis, and Americans were not only losing their jobs but their homes as well. And to add insult to the injury, all oil discovered is under contract to China , so there is absolutely no benefit to America .

And what makes this even more interesting Soros Hedge Fund Bought Petrobras Stake Worth $811 Million

But it wasn’t really a surprise! In 2008 Michelle Malkin penned a column in which she described the payoffs in store for George Soros and friends if Obama were elected! Those friend’s unfortunately Waller around Wall Street.

George Soros is on target to make hundreds of millions in profit from the loan by the U.S. to Petrobas for its offshore drilling especially now.

This may be one of the biggest political payoffs by any administration that has occupied the White House.

Also of note: Stimulus spending also went largely to areas that supported Obama’s election.

But even more striking is the reality that Petrobras, Brazil 's oil conglomerate announced that it has set a single-day record for oil output producing 2.08 million barrels on April 24.

The state-controlled energy agency says it also set a monthly record for output in April by pumping an average of 2.03 million barrels of crude per day.

The company goal for the year is to average 2.1 million barrels per day once two more facilities come online this year.

As for George Soros, what a lucky break! He will now have a lot more money to provide to his favorite charity, the Democratic Party.