How Obama funds foreign jobs
WASHINGTON & SANTA FE, NM (By Judy O'Meara, Jon Garrido News) June 15, 2013― Obama administration awards contract to Brazilian government: In 2011, the Obama administration was faced with two bids for a $1 billion military contract. The contract was between Hawker Beechcraft, an American company based in Wichita, Kansas, and the Brazilian company Embraer, which is owned by the Brazilian government.
The Hawker Beechcraft Company worked closely with the Air Force for two years and invested more than $100 million preparing to meet the contract’s requirements. But at the last minute, the company was informed in a letter it would not be considered for the contract.
No explanation was given and the contract was subsequently awarded to the Brazilian competitor.
Industry analysts expressed surprise because the American government normally tries to award contracts, especially in the defense industry, to American companies. Hawker Beechcraft’s loss of the contract, as the company confirmed, will now lead to layoffs and will make part of our national defense dependent on a Brazilian contractor.
Obama administration underwrites loan guarantee to Brazilian government:
Souza writes “I noticed this a few years ago, when I saw a headline in the Wall Street Journal, “Obama Underwrites Offshore Oil Drilling.” The article explained, “The Obama administration is financing oil exploration off Brazil.” I read the U.S. Export-Import Bank had given an initial commitment letter for $2 billion in loans and loan guarantees to the Brazilian state-owned company Petrobras to drill for oil in the Santos Basin near Rio de Janeiro. The Journal expressed bafflement: “Americans are right to wonder why Obama is underwriting in Brazil what he won’t allow at home.”
Obama administration grants loan guarantee to Mexican government:
Perhaps one could understand this if it were an isolated episode with the Obama administration making a single loan to Brazil for oil drilling, but around the same time, the Export-Import Bank guaranteed a $1 billion loan to Mexico. This money was for Mexico to drill in the Gulf of Mexico. One news report said, “Despite President Obama’s moratorium on U.S. deep water drilling in the Gulf of Mexico, the U.S. Export-Import Bank intends to guarantee $1 billion in loans to PEMEX, the Mexican state oil company, to bolster the company’s oil drilling in the region.
Obama administration grants loan guarantee to India government:
Obama, once again operating through the Export-Import Bank, provided $3.4 billion in loan guarantees to Air India, the national airline owned by the Indian government. India used the subsidy to buy new planes and launch nonstop service between Mumbai and New York undercutting Delta, which had pioneered nonstop flights between these two destinations two years earlier. Delta was forced to abandon its Mumbai-New York service and the company has bitterly complained to the Obama Administration, accusing it of subsidizing foreign carriers at the expense of American companies and American Jobs.
Obama administration financing companies in Columbia:
In May 2011, the Obama White House announced it was providing $2.84 billion in American taxpayer money to finance oil drilling and oil refining in the South American nation of Columbia. The money goes to Reficar, a wholly owned subsidiary of the Columbian government.
Souza raises the question, “why would America be giving money to the Columbian government to drill and refine oil? One might expect the oil to come to the United States, but the U. S. Export-Import Bank, which cleared the transaction, clarified this was not the case. The oil would be used for Colombia, and the Colombians could sell the surplus on the export market. In addition, the Export-Import Bank also approved an additional $880 million in other loans and guarantees to Reficar’s parent company Ecopetrol making the total amount financed by the U.S. government to the Colombian oil company and its subsidiaries — $3.72 billion.
Here we have it, the Obama administration is doling out billions in U.S. taxpayer money to finance oil drilling in Brazil, Mexico, and Colombia. How then can we sum up Obama’s energy policy?
Yet, when it comes to the United States, Souza writes “Obama takes the opposite tack. Oil drilling? Let’s block it when we can, and delay it with regulations when we must. Nuclear energy — No way, Coal — No way.
The Obama administration has issued new regulations that make it impossible to build new coal power plants and Obama candidly said he sought to make coal power generation so expensive existing coal plants would have to close. Now, the Obama administration has targeted fracking. Even though burning natural gas emits half as much carbon dioxide as coal, the Obama administration has been waging, as Steve Forbes put it, “an undeclared war against hydraulic fracturing methods of extracting natural gas.”
While Americans continue to lose one job after another, in November 2011, Obama's U.S. Department of State announced it would delay indefinitely a final decision on the Keystone pipeline which would transport Canadian oil through American markets.
Alberta, Canada has some of the largest oil reserves in the world and the Canadians wanted their pipeline — parts of which have already been built — to bring Alberta oil to Texas Gulf Coast refineries.
The pipeline would also transport oil and natural gas drawn from shale formations around the Rocky Mountains. Canadian oil is so plentiful experts say it could meet U.S. oil needs for two centuries. What American would not rather buy from the Canadians than from the Muslims of the Middle East?
The Keystone pipeline would quickly produce 20,000 new American jobs, with as many as 65,000 more by 2020.
Americans need jobs!
Yet, Obama blocks oil drilling in the USA while promoting and even subsidizing it in other countries. Obama has placed on hold the proposal for the Keystone oil pipeline even though the project would, at a time of economic hardship, create thousands of new American jobs. Many interpreted Obama’s action as a concession to environmental groups. However, it’s not really about environmentalism at all.
It is based on Barack Obama, Sr. ideology of anti-colonialism. When reading Souza’s book The Roots of Obama’s Rage, Barack Sr. ideology was to transfer wealth from the colonizers to the colonized. In his day, that meant transferring British wealth to Africa countries.
President Obama has been doing just this by transferring American jobs and wealth to other nations like Brazil, Mexico, Columbia and India. Dinesh D’Souza writes, “Obama is committed to bring down the 'neocolonial' forces in the economy and to lasso the rogue elephant that is America.”
To be more specific, Souza writes in his book Obama’s America, “The rich countries, specifically Europe and the United States, pay to reduce their own carbon emissions. Then the same rich countries make large transfers of wealth to the developing countries so those countries can continue to grow in an environmentally responsible way. The amount the Obama’s administration has agreed to — a number derived from a United from a Nations Scheme — is around $100 billion a year. The money would enable the developing countries to develop, but with a limited impact on the environment, because while developing countries use more energy, the West would use less. The developing countries will be happy because their economic growth will be subsidized by the rich countries, and the rich countries should agree because, as Obama put it, 'the developed nations that caused much of the damage to our climate over the last century ... have a responsibility to lead.' Call it global climate reparations."
But for Obama this $100 billion is only a first step. Speaking at the Summit of the Americas in Trinidad in 2009, Obama said, "America would join with other countries to set aside over a trillion dollars for countries going through difficult times, recognizing we have to provide assistance to these countries that are most vulnerable."
For Obama, what it all comes down to is: "We pay, and they develop.”
Dinesh D'Souza, the president of the King's College in New York City, is the author of the forthcoming book The Roots of Obama's Rage.