Not that this is really news, but Palin notes that there is a new item that Barack Obama is now throwing our money at while we are facing ever increasing debt and a crap economy.
For years, states rich with an abundance of oil and natural gas have been begging Washington, DC politicians for the right to develop their own natural resources on federal lands and off shore. Such development would mean good paying jobs here in the United States (with health benefits) and the resulting royalties and taxes would provide money for federal coffers that would potentially off-set the need for higher income taxes, reduce the federal debt and deficits, or even help fund a trillion dollar health care plan if one were so inclined to support such a plan.
So why is it that during these tough times, when we have great needs at home, the Obama White House is prepared to send more than two billion of your hard-earned tax dollars to Brazil so that the nation's state-owned oil company, Petrobras, can drill off shore and create jobs developing its own resources? That's all Americans want; but such rational energy development has been continually thwarted by rabid environmentalists, faceless bureaucrats and a seemingly endless parade of lawsuits aimed at shutting down new energy projects. (source)
The why, besides Obama being an idiot or worse, is possibly explained in a post at HotAir which goes into more detail about this deal. Ed Morrissey at HotAir makes a good point before the reveal/update:
Here’s a proposal: Let American companies do what Obama is paying Brazilian companies to do — drill offshore. We won’t have to pay them money or float them any loans to do it, either. In fact, we will make money off of the leases, while the effort creates hundreds of thousands of high-paying jobs in the US, creating more tax revenue rather than emptying out the Treasury. (source)
Aside from the incredible
foolishness corruption of throwing several billion dollars at a foreign company in which a solid supporter of yours has also just conveniently improved his stake in, there is the problem of that little ole thing called the deficit. Apparently several billion going outside the country is no bigee right? With that kind of thinking it’s no wonder we have unsustainable deficits projected into the future and that’s before Crap and Tax and Obamacare have been passed. Good job Barry!
Exit question: What would Barack Obama be doing differently if he really did want to undermine the United States?