Brazilian Oil Loan, George Soros And The Chinese — I recently received one of the emails circulating regarding the $2 billion U.S. loan made to the Brazilian state-controlled energy company Petrobras in August.
Sarah Palin harshly criticized the loan at the time which led to comments on Fox News and various blogs.
The email quoting Glen Beck said the
- Chinese government is under contract to purchase all the oil that this field will produce.
- That we gain nothing from it
- Obama contributor George Soros profited greatly from it.
The concerns and observations appear legitimate albeit defenders of the loan would take issue with the second point in that the money would be used to buy U.S. made equipment.
With regard to the first point, three months after the U.S. loan, Petrobas signed a $10 billion loan deal with the Chinese in which Petrobas “will increase its sale of crude to Unipec Asia,a unit of Chinese state oil company Sinopec, to 150,000 barrels per day(bpd) in the first year of the agreement and up to 200,000 bpd duringthe subsequent nine years.”
You know, you can use U.S.-made equipment to drill for oil in Alaska and off Florida and the Carolinas and California? Wonder if President Obama ever considered that?
Brazilian Oil Loan, George Soros And The Chinese
John Papola and Russ Roberts have created a fascinating rap video regarding the historic economics debate between government-intervention proponent John Maynard Keynes and free-market supporter Friedrich August von Hayek
President Obama’s stimulus plan follows the policy advocated by Keynes.
John F. Kennedy’s and Ronald Reagan’s tax cuts followed the policies advocated by von Hayek.
The video can be found here.
Obama Brings Teleprompter To Elementary School Speech — President Obama spoke to sixth graders at Graham Road Elementary in Virginia on Jan. 19. He brought his teleprompter.
His speech starts: “Hello, everybody. You guys look really cute in those chairs.”
A transcript can be found here.
The White House spin is that the teleprompters were there for comments to journalists. You know, that really doesn’t make it any better.
Here’s a video of part of the speech. You decide if he’s reading from a teleprompter or speaking from memory.
Obama Brings Teleprompter To Elementary School Speech
PaWaterCooler.Com is reporting that Gov. Rendell flew to Haiti to deliver medical supplies and rescue 54 orphans after a woman who is a former U.S. attorney for Western Pennsylvania did the work in organizing the effort.
Mary Beth Buchanan spent four days, according to PaWaterCooler, obtaining clearance for the children to enter the United States, medical supplies, physicians to escort the children and an airplane cleared to land in Haiti.
The only thing she failed to get was the airplane, in lieu of which came an interrogation from a senior consultant for UPMC — a major health facility headquartered in Pittsburgh — regarding the details of her mission. The supplies Ms. Buchanan had gathered were the ones carried to Haiti by Rendell.
Ms. Buchanan is openly mulling a challenge to incumbent Congressman Jason Altmire (D-Pa4). Altmire is an ally of Rendell and has close connections with UPMC where he was a former acting vice president.
One steps out, one steps in.
Nine days after former Erie County Executive Rick Schenker announced that the was quitting the crowded race for the Republican nomination for lieutenant governor, Luzerne County Commissioner Stephen Anthony Urban took his seat at the table.
Urban, 57, made his announcement Saturday. He is a retired U.S. Army lieutenant colonel who served in Vietnam and the Persian Gulf War.
Also in the race for the GOP nomination are:
Carol Aichele (Chester County Commissioner)
Bruce L. Castor Jr. (ex-Montco D.A.)
James F. Cawley (Bucks County Commissioner)
Russ Diamond (founder of PACleanSweep)
Dominic D. “Nick” DiFrancesco II (Dauphin County Commissioner)
John H. Eichelberger, Jr. (state senator representing the 30th District)
James R. Matthews (Montco Commissioner, last GOP Lt. Gov candidate, Chris Matthews’ brother)
Frank L. Rizzo Jr. (Philly councilman, son of legendary mayor)
Mike Turzai (state representative for the 28th District)
Joseph P. Watkins (pastor of Christ Evangelical Lutheran Church, the oldest African American Lutheran Church in Philadelphia)
Seeking the Democratic nod are:
Michael F. “Mike” Gerber (state representative for the 148th District)
Valerie McDonald Roberts (Allegheny County recorder of deeds)
Jonathan A. Saidel (former Philadelphia city controller)
Josh Shapiro (state representative for the 153rd District)
Doris Smith-Ribner (former Commonwealth Court judge)
The primary election is May 18.
Phil Andrews, who left Comcast SportsNet in 2008, is back on the Philly sports scene at HighHopesBlog.Com, according to HighHopes managing editor Shay Roddy.
Phil Andrews Returns To Philly Sports Scene
Record Participation In March For Life — The 37th Annual March for Life held in Washington D.C. yesterday drew a record number of participants. Estimates range from 250,000 to 400,000.
The march is held on the anniversary of the Supreme Court’s Roe v. Wade decision which declare abortion to be a constitutional right. The first march had 20,000 participants.
Don’t expect a lot of details about it in the dinosaur media.
Record Participation In March For Life
Ellie Light, Obama’s BFF — The Philadelphia Daily News carried a letter to the editor from Ellie Light, Jan. 19, in which she said “It’s time for Americans to realize that governing is hard work, andthat a president can’t just wave a magic wand and fix everything.”
Ellie gave her address as Philadelphia.
The next day the San Francisco Examiner carried a letter from Ellie with the same sentence. This time, though, Ellie gave her address as Daly City, California.
Variations of the letter from Ellie defending Obama have within the two weeks also appeared in papers in Ohio, South Carolina, Maine, Michigan, West Virginia and Iowa, and in each Ellie used a local address.
The revelation of this particular “best friend forever” for our embattled president came about when Sabrina Eaton of the Cleveland Plain Dealer received an Ellie letter via email and did a little investigation because the name resembled that of a former co-worker..
Kudos to Sabrina.
Have the Democratic Party’s operatives really become so lame? This bodes well for the GOP this November.
Here’s the letter that appeared in the Philadelphia Daily News.
Here’s a letter that appears in today’s Lebanon Daily News in which Ellie claims to be a resident of Cornwall.
Ellie Light, Obama’s BFF
Penn State football coach Joe Paterno may give testimony in the federal lawsuit filed by former player Austin Scott who was falsely charged with rape in 2007.
Scott says the case damaged his chances of a career in the NFL.
The case was dropped in 2008 after a judge ruled to allow evidence that his accuser made similar assault allegations against a Moravian College student whom a jury acquitted.
Scott is suing university police, prosecutors and his accuser, whose name has still not been used by the papers covering the matter.
Austin Scott False Rape Charge Lawsuit
A former Naval officer is seeking the Democratic nomination to to run for Congress to represent Pennsylvania’s 12th District, a seat long-held by fellow Democrat John Murtha, who has become a bit of a controversial figure in the last few years.
Seeking the seat is Ryan Bucchianeri, 34, who was graduated from the U.S. Naval Academy in 1997 and who has a master’s degree from Harvard’s Kennedy School of Government, where he focused on international security, political economy, and human rights.
Most recently he has worked as a manager at Lockheed Martin.
Murtha has represented the district since 1974. Among the acts that has garnered him national attention were his involvement with Abscam in 1980 in which he was videotaped telling FBI agents posing as Arabs “I’m not interested… at this point. [If] we do business for a while, maybe I’ll be interested, maybe I won’t” before which he had provided the names of banks and businesses in which the money could be invested; his claim that Marines were guilty of war crimes in Haditha, Iraq before their trial ; and his observation during the 2008 presidential race that in his district “There’s still folks that have a problem voting for someone because they are black. This whole area, years ago, was really redneck,” which gave us this rather enjoyable Saturday Night Live skit.