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Tuesday, November 16, 2010
Monday, November 15, 2010
Quotes for the 112th Congress
I don't know about you, but I'd like the incoming 112th Congress to blow up the following quotes and tape them to the walls of their offices as they are seated and have to deal with massive Federal debt, devaluation of the dollar, inflation of commodities and the burdening tax structure that is bad for small businesses who are the backbone of this country's free market and job creation system. We cannot sustain this. Unfortunately the pain to correct this course, and save us from going the way of Rome, is going to have to felt by all.
"The best way to look at the U.S. Tax Code is like it's a three legged mule. It's ugly, deformed, and doesn't do much good for anybody." - Dick Armey, member of the U.S. House of Representatives, 1985 - 2003.
"You cannot help the poor by destroying the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage payer down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and courage by taking away people's initiative and independence. You cannot help people permanently by doing for them, what they could and should do for themselves." - Abraham Lincoln, 1809-1865

"The best way to look at the U.S. Tax Code is like it's a three legged mule. It's ugly, deformed, and doesn't do much good for anybody." - Dick Armey, member of the U.S. House of Representatives, 1985 - 2003.
"You cannot help the poor by destroying the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage payer down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and courage by taking away people's initiative and independence. You cannot help people permanently by doing for them, what they could and should do for themselves." - Abraham Lincoln, 1809-1865

Sunday, November 14, 2010
Obama Underwrites Offshore Drilling....in Brazil
Cowboy's has been tracking this issue for several months now and it really sticks in our craw since Obama and Dems are doing everything they can to make this Country energy dependent rather than energy independent.
Even though President Obama is against offshore drilling for our country, he signed an executive order to loan 2 Billion of our taxpayer dollars (which we can't afford to loan since we're broke) to a Brazilian Oil Exploration Company (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 USA!
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".
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 President Obama's most generous financial supporter during his campaign. If you are able to connect the dots and follow the money, you are probably as upset as I am. Not a word of this transaction was broadcast on any of the other news networks!
Are they doing their job? Think about it.
Forward this factual e-mail to others who care about this country and where it is headed. Also, let all your Government representatives know how you feel about this.
This is the Wall Street Journal article to confirm this.
Obama Underwrites Offshore Drilling
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.
The Bush Administration's five-year plan (2007-2012) to open the outer continental shelf to oil exploration included new lease sales in the Gulf of Mexico. But in 2007 environmentalists went to court to block drilling in Alaska and in April a federal court ruled in their favor. In May, Interior Secretary Ken Salazar said his department was unsure whether that ruling applied only to Alaska or all offshore drilling. So it asked an appeals court for clarification. Late last month the court said the earlier decision applied only to Alaska, opening the way for the sale of leases in the Gulf.
This is progress, however slow. But it still doesn't allow the U.S. to explore in Alaska or along the East and West Coasts, which could be our equivalent of the Tupi oil fields, which are set to make Brazil a leading oil exporter. Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won't allow at home.

Even though President Obama is against offshore drilling for our country, he signed an executive order to loan 2 Billion of our taxpayer dollars (which we can't afford to loan since we're broke) to a Brazilian Oil Exploration Company (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 USA!
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".
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 President Obama's most generous financial supporter during his campaign. If you are able to connect the dots and follow the money, you are probably as upset as I am. Not a word of this transaction was broadcast on any of the other news networks!
Are they doing their job? Think about it.
Forward this factual e-mail to others who care about this country and where it is headed. Also, let all your Government representatives know how you feel about this.
This is the Wall Street Journal article to confirm this.
Obama Underwrites Offshore Drilling
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.
The Bush Administration's five-year plan (2007-2012) to open the outer continental shelf to oil exploration included new lease sales in the Gulf of Mexico. But in 2007 environmentalists went to court to block drilling in Alaska and in April a federal court ruled in their favor. In May, Interior Secretary Ken Salazar said his department was unsure whether that ruling applied only to Alaska or all offshore drilling. So it asked an appeals court for clarification. Late last month the court said the earlier decision applied only to Alaska, opening the way for the sale of leases in the Gulf.
This is progress, however slow. But it still doesn't allow the U.S. to explore in Alaska or along the East and West Coasts, which could be our equivalent of the Tupi oil fields, which are set to make Brazil a leading oil exporter. Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won't allow at home.

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