Vol 1. No. 25.Baltimore, MD  Tue February 09th 2010GIVING YOU THE NEWS THE MSM IGNORES 
Our Contributors:
Comments:
Categories


Orioles sign Hendrickson, Ohman
Orioles sign Hendrickson, Ohman

Inbox: Any more moves on the horizon?
Inbox: Any more moves on the horizon?

Ripken, Robinson support Tejada at third
Ripken, Robinson support Tejada at third

Johnson set for next chapter in O's bullpen
Johnson set for next chapter in O's bullpen

Spencer Fordin's MLBlog


Sarfate clears waivers, sent to Norfolk
Sarfate clears waivers, sent to Norfolk

Guthrie, Bergesen remain motivated
Guthrie, Bergesen remain motivated

O's prospect suspended 50 games
O's prospect suspended 50 games

Bodley: Orioles ready to compete
Bodley: Orioles ready to compete

Inbox: Will Tejada fill in at shortstop?
Inbox: Will Tejada fill in at shortstop?

Shared plight fosters sociability
Barry Robinson's one-hour commute to his Baltimore job stretched to four hours and he consoled himself with a stop at Corned Beef Row for "a big one" from Attman's. With the aftermath of this weekend's snowstorm lying heavy over the region, countless thousands of Marylanders were left inconvenienced, aggravated and just plain stuck.




Accidents, snow piles slow commute
City transit spokeswoman asks for "an enormous amount of patience from residents and citizens"

City transit spokeswoman asks for "an enormous amount of patience from residents and citizens"



Comments about Baltimore Reporter:

Perhaps the best part of blogging or the internet in general is the occasional discovery of something unexpected.Over on Baltimore Reporter and Conservative Thoughts is a great and thought provoking article by Robert Farrow.I hope you will follow this link and read this great post.

from conservativecontracts.com


I love your blog

Once again - as happens so often - I have been positioned here on the living room couch, immersed in your blog. You are better than Fox News.

Kevin Dayhoff



Awards and Rankings:

Voted one of the best local blogs:
Baltimore Examiner: 2006



Voted Top 10 most influential blog in Maryland in 2007.
Blog Net News



ElseWhere
Other sites I write for:
Flopping Aces
and Red Maryland

Want to help?
Baltimore Reporter is looking for writers to help counter the biased media. Email us if interested.

My Count Since 10/11/07
~ 9670 ~
Site Meter

.

   

8/19/2009

Obama To Give Billions in Loans for Brazilian Offshore Oil Drilling to Company Partly Owned By Dem’s Biggest Contributor
Filed under: — Robert Farrow @ 10:17 pm

Crossposted from Flopping Aces

And yet Dems block offshore oil production in the U.S.

Two pieces of information here. Connect the dots:

1. The Obama Administration is offering billions in loans for oil drilling off the coast of Brazil.

2. George Soros, the Dems top money man has a huge financial stake in the offshore drilling company.

Obama Underwrites Offshore Drilling
Too bad it’s not in U.S. waters
Wall Street Journal
AUGUST 18, 2009

You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.

The U.S. is going to lend 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. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.

The U.S. Export-Import Bank tells us it has issued a “preliminary commitment” letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.

But look on the bright side. If President Obama has embraced offshore drilling in Brazil, why not in the old U.S.A.? The land of the sorta free and the home of the heavily indebted has enormous offshore oil deposits, and last year ahead of the November elections, with gasoline at $4 a gallon, Congress let a ban on offshore drilling expire.

And this:

Soros Hedge Fund Bought Petrobras Stake Worth $811 Million
By Jeb Blount and Miles Weiss

Aug. 15 (Bloomberg) — Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund’s largest holding.

As of June 30, the stake in Petrobras, as the Rio de Janeiro-based oil producer is known, made up 22 percent of the $3.68 billion of stocks and American depositary receipts held by Soros Fund Management LLC, according to a filing with the U.S. Securities and Exchange Commission.

One Campaign Promise Obama Kept: Shower His Friends with Money

In 2008 Michelle Malkin penned a column in which she described the payoffs in store for George Soros and friends if Obama were elected. Funny how quickly Obama has been able to keep that promise.

George Soros stands to make hundreds of millions in profit from a loan by the U.S. to Petrobas for offshore drilling. Why is no one surprised? Perhaps as a thank you gesture, George Soros has been pouring millions of dollars of his ill-gotten gains into the Obama Hell Care racket.

While this may be one of the biggest payoffs by the Chicago thugocracy which currently occupies the White House it wasn’t the first. The Stimulus Bill included hefty payoffs to ACORN, the community agitator organization which has played a key role in the health care debate when they are not too busy falsifying voter registration forms. ACORN also stands to gain millions more if the health bill passes. Stimulus spending also went largely to areas that supported Obama’s election.

Let’s not forget the auto workers union. They gained control of billions of assets in GM and Chrysler after spending $4.5 million on behalf of Obama in the 2008 campaign. And what about all those investment bankers on Wall Street that had their jobs saved by Obama along with their huge bonuses now underwritten by the U.S. Treasury?

And how about the The Cap and Trade crowd? Big corporations and Obama backers like General Electric and more greedy Wall Street tycoons stand to rake in billions if the bill passes.

Some may want to say this is all one big coincidence. Oh… sure it is! Right! And I bet those who do think that still believe in the Tooth Fairy!

A thugocracy by any other name STILL STINKS!

also:

Firm That Owes Obama’s Senior Advisor $2 Million Bucks Receiving Money From PhRMA

Ah yeah….hopey changey: (h/t Hugh Hewitt)

Two firms that received $343.3 million to handle advertising for Barack Obama’s White House run last year have profited from his top priority as president by taking on his push for health-care overhaul.

One is AKPD Message and Media, the Chicago-based firm headed by David Axelrod until he left last Dec. 31 to serve as a senior adviser to the president. Axelrod was Obama’s top campaign strategist and is now helping sell the health-care plan. The other firm is Washington-based GMMB Campaign Group, where partner Jim Margolis was also an Obama strategist.

This year, AKPD and GMMB received $12 million in advertising business from Healthy Economy Now, a coalition that includes the Washington-based Pharmaceutical Research & Manufacturers of America, known as PhRMA, that is seeking to build support for a health-care overhaul, said the coalition’s spokesman, Jeremy Van Ess.

~~~

Axelrod was president and sole shareholder of AKPD from 1985 until he sold his interest after Obama’s victory, government records show. The firm owes Axelrod $2 million, which it’s due to pay in installments beginning Dec. 31. Axelrod’s son, Michael, still works there. He didn’t return a phone call. The firm’s Web site continues to feature David Axelrod’s work on the Obama campaign.

Ok, so let me get this straight. Axelrod’s former firm is receiving lots of money from “Healthy Economy Now” which is a coalition that includes PhRMA, AARP, SEIU and all the other players that are defining Obama’s health care Socialist plans AND Axelrod is still owed 2 million bucks from the firm.

Hmmmmm….ya think Axelrod had any hand in negotiating any little piece of the deals these groups made with his former firm…especially since the money his firm gets from these groups help to pay his severance package?

Remember the left went bats&%t crazy over Cheney’s Halliburton ties….this eclipses those ties.

But I’m guessing the left won’t go so crazy over THIS story. I wonder why?

More here.

Comments »

The URI to TrackBack this entry is: http://www.baltimorereporter.com/wp-trackback.php?p=6704

No comments yet.

RSS feed for comments on this post.

Leave a comment

Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

(required)

(required)








Search

    What is RSS?
Baltimore Weather

Current Conditions:
Light Snow, 34 F
FACING UP TO THE
Nation's Finances
National Debt Clock

Was Matt Stover's missed field goal the turning point of Super Bowl? (Yahoo! Sports)
It's not Matt Stover's fault he's Matt Stover. So you can't blame the Indianapolis Colts kicker...

Colts kicker, 42, becomes oldest player in Super Bowl history (Yahoo! Sports)
The first points of Super Bowl XLIV were scored by the oldest player ever to appear in football's biggest...

Arrested at the Super Bowl: Warren Sapp joins infamous list (Yahoo! Sports)
We almost got through Super Bowl week without any famous NFL personalities getting arrested.

Ravens Team Report (Yahoo! Sports)

The Ravens are banking that Jim Zorn will continue the development of Joe Flacco into an elite franchise quarterback.

Zorn, who was the head coach for the Washington Redskins the past two seasons, was hired by Baltimore to become its quarterbacks coach on Jan. 30.

Although Zorn struggled as a head coach, the Ravens were impressed by his experience: 11 seasons as an NFL quarterback, 11 seasons as a respected NFL quarterback coach and a familiarity with their offense.

"That's a great resume for us," Harbaugh said.

Zorn replaces Hue Jackson, who joined the Oakland Raiders as their offensive coordinator. Baltimore chose Zorn because he has a history of mentoring young quarterbacks like Flacco.

As the Detroit Lions' quarterbacks coach in 1998, he was...

Former Saints fan Manning set to spoil New Orleans dream in Super Bowl (The Canadian Press)
MIAMI - Quarterback Peyton Manning and his Indianapolis Colts are favourites to spoil the ending of New Orleans' NFL renaissance when they take on the Saints in Sunday's Super Bowl.

Belichick won't name D co-ordinator, will take bigger role running Pats defence (The Canadian Press)
FOXBOROUGH, Mass. - New England Patriots coach Bill Belichick will take a larger role in overseeing the defence and not hire a co-ordinator to replace Dean Pees.

Patriots' Thomas done with Belichick (Yahoo! Sports)
New England Patriots linebacker Adalius Thomas has two years remaining on a five-year, $35 million contract, but...

Ravens disagreeing with QB Troy Smith's trade request (Yahoo! Sports)
The agent for Baltimore Ravens backup quarterback Troy Smith says he made a trade request for his client in...

Magical touch: Manning's studious ways will lead Colts past Saints in Super Bowl (The Canadian Press)
FORT LAUDERDALE, Fla. - Two words are enough to explain why the Indianapolis Colts will win their second Super Bowl in four years.

Maryland News
Links To Others
Maryland Blogger Alliance

National News
Support the Baltimore Reporter. Buy a C.D.



Thank You












Supporters
ConsignmentBee! Auctions


Advertise with Us!
Baltimore Reporter is looking for advertisers to help keep this site going. Email us here.
]
Please ignore the screen cleaner!